Forex terms

Technical Analysis

• is an analysis in Forex trading to measure price movements over the price graph. The things that should be known from this technical analysis is the trend, saturation, support, ressisten, and Pivot Points.

Fundamental Analysis

• is an analysis in Forex trading to predict price movements based on fundamental news. News here in the form Fundamental economic news, affiliated, and security that affect price movement.

Forex Analysis

Daily Forex Analysis – January 22, 2010

USDCHF Analysis.

• Being contained by 1.0507 previous high resistance, USDCHF pulled back from 1.0495, suggesting that a short term cycle top is being formed on 4-hour chart. Sideways movement above the rising trend line is expected in a couple of days. The fall from 1.0495 is more likely consolidation of uptrend from 1.0132, as long as the trend line support holds, we’d expect uptrend to resume and one more rise towards 1.0600 is possible after consolidation.

Averaging Techniques

Averaging is a technique to minimize unwanted risk by opening another position with the same direction at different price level.
Averaging strategy’s objective is to minimize risk by averaging more than 1 positions which are opened at different prive levels.