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Forex
An incite to multiple time frame analysis
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[QUOTE="Phabbyfundz, post: 156993, member: 49202"] The market can be analyzed in several time frames: minutes,hours,days even months. It may often seem that this indicators are contradictory but they aren't!. Charts help you to understand the overall direction a currency pair is going. The data point shows either downward or upward trends. An upward trends indicates that the price of a currency is increasing. You know this is happening when both the peaks and the troughs is higher than the ones before it, creating a formal trend. By valuating charts and trends you can forecast uptrends and trade appropriately to realize a profit. A downward trend in currency occurs when the value decreases and becomes a formal downward trend when each data point is lower than the last. Downward trends can last for any length of time ranging between minutes and years. [/QUOTE]
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An incite to multiple time frame analysis
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