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The role of weekly and daily charts in the foreign exchange market

{}Posted in2023/2/26 10:00:31 | 6Browse

Even if you only do the day the short term s forexrebatesgle, you can not just rely on the hourly cashback forex, not to mention the foreign exchange market, such as want to get more profits, medium Forex rebate for Exness long term operation forexcashrebate very useful weekly and daily charts are helping investors to identify the cashbackforexexness and cycle with the trend of the single is the secret to winning the foreign exchange market to provide trends and major resistance points, is the most important function of the daily chart in addition In addition, the symbolic meaning of each daily chart line: usually, the opening ForexrebateforExness is very low and the closing price is close to the highest price of the day, is a buy signal; closing price and the opening price is the same, is the market is waiting, may turn the signal; and the opening price is low, the price rose, and then returned to the opening price below the closing, is a clear down signal It should be noted that these signals must be used in combination with other analytical tools, the The accuracy rate is more In the large upward trend, often interspersed with some small downward trend, the time of these small downward trend usually in a week or so, only often study the daily chart and weekly chart, it is possible not to be muddled by the short-term trends follow the trend of buying and selling to pay attention to the potential just formed when the decisive follow-up, most investors are prone to make the mistake of following up too late in the downward trend, always think that the price has been too low, so constantly buy against the trend. Occasionally catch a rebound opportunity to earn a little, but if you catch the wrong resistance points, or fail to close positions in time to take profits, will be trapped.  Weekly and monthly charts are not only for long-term investors to refer to the role of the weekly chart is in addition to reveal the general trend, it also reveals the cyclical pattern of foreign exchange For example, before the beginning of 1985, the British pound basically in the resistance line a line in the down cycle, and thereafter in the support line b line above the continuous rise of 4 years, up nearly 9,000 points from 1989, the pound is in the range of 1.5 ~ 2.0 cyclical Cycle Usually, if the position of the weekly chart in the up cycle, the last weekly chart closed at a high, this weeks price breakthrough last weeks high, these are up signals in judging the market trend of the big turn, the position of the weekly chart in the foreign exchange cycle cycle is very important The way of the military in the foreign exchange market, it is important to improvise For investors who do not have deep skills, looking for the top and bottom of the market, perhaps Make you lose all your money, but the master of forex trading skills, but someone dedicated to find the top and find the bottom of the method, lose small and earn big, accumulated billions of dollars of wealth forex market psychological behavior characteristics, is not unchanging, at any time to study these changes, the market and their own psychological behavior characteristics of good grasp, then know yourself and your enemy, from the victory over the forex market is not too far away!