In forex trading, technical analysis is the prediction of future price movements based on those observed in the past. Technical analysis shuts out ‘noise’ from other factors that affect price movements, like news, or economic analysis. Instead, it focuses on the movement from support floors to resistance. Technical analysis was pioneered by Charles Dow, the founder and first editor of the Wall Street Journal. In a series of 255 articles, he propounded a number of separate ideas that were later brought together to form the theory. There are, at the basis of the entire theory, three...
via Technical Analysis in Forex
via Technical Analysis in Forex