The daily and weekly lines are the guiding lines of the foreign exchange trend

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The role of weekly forexrebatenetwork daily charts to help Whatisforexrebate cashback forex bestforexrebatevestors recognize the trend and cycle even if only to do the same day to close the short term single, can not rely solely on the hourly chart, not to mention that in the foreign exchange market, such as want to get more profits, medium and long term operation What is forex rebate very beneficial Follow the trend of the single is the secret of winning the foreign exchange market to provide trends and major resistance points, is the most important function of the daily chart In addition, the symbolism of each daily chart straight line: usually, the opening price 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 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 an obvious down signal It should be noted that these signals must be used in combination with other analytical tools, the Accuracy is higher in the big upward trend, often interspersed with some small downward trend, these small downward trend of time 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 trend of the mind Follow the trend of buying and selling to pay attention to the potential just formed when the decisive follow-up, most foreign exchange 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 counter-trend Buy, occasionally catch the rebound opportunity to earn a little, but if you catch the wrong resistance point, or fail to close the position 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 continued 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 signs of an increase in the foreign exchange market trends when judging the big turn, the position of the weekly chart in the foreign exchange cycle cycle is Very important The way of the foreign exchange market, it is important to improvise For investors who are not deep, looking for the top and bottom of the market, perhaps the speculator will lose their fortune, but highly skilled foreign exchange trading masters, but there are people dedicated to finding the top and bottom of the approach, losing small profits, accumulated billions of dollars of wealth The psychological behavior of the foreign exchange market characteristics, is not unchanging, ready to study these changes, the The market and their own psychological behavior characteristics of good grasp, then know their own, not too far from the victory over the foreign exchange market

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