Technical Indicators are graphic
representations that assists traders in predicting future price
levels for trading decisions. It is the primary tool in technical
analysis whose main objective is to provide information about the
current trends, price movements, and even significant price levels
like support and resistance.
Often, there are already indicators
available in the trading platform that the brokers provide. But there
are still immeasurable variety available in world wide web which you
can download and instal in your trading platform. Any number of
Indicators may be incorporated on chart or opened in a separate
window depending on the type.
Trend Indicators – these indicators
are mainly dedicated for the prediction of the current price trend
and its behavior in the future.
Oscillators – these type of
indicators are used to observe if the trend will change or will it
still continue its current path. It is composed of two extreme values
that defines if the currency is overbought or oversold.
Psychological indicators – these
indicators specifies the sentiment of the market participants and
their next probable move.
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