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Risk Warning
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Technical
Analysis/Charts
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CHANNELS
When prices trend between two parallel trendlines they form a
Channel.
When prices hit the bottom trendline this may be used as a buying area
and when prices hit the upper trendline this may be used as a
selling.
SUPPORT
Price supports are price areas where traders find that it is difficult
for market prices to penetrate lower. Buying interest in the
dollar
is strong enough to overcome Selling interest in the dollar keeping
prices
at a sustained level.
RESISTANCE
Resistance is the opposite of support and represents a price level
where
Selling Interest overcomes Buying interest and advancing prices are
turning
back.
RETRACEMENTS
FX offers three free
charting
packages for the benefit of our clients and demo-account users. All
three
charting options are powered by a different data source. The
charting
tools provided by FX are very basic, yet accurate and
informative.
They are not necessarily as comprehensive as charts offered by
charting
software providers, however, we believe they are the best quality
FX charts available free of charge. For clients
requiring
a more sophisticated charting package, FX offers professional FX charts
at a reduced price.
If you are interested in finding out more about subscription
based
products or have comments about improving our charting offerings,
please
contact: info@metexinvest.com.
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