1. Support and Resistance
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Support: Price level where a currency tends to stop falling and bounce back up.
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Resistance: Price level where a currency tends to stop rising and pull back down.
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📌 Use: Helps identify entry/exit points.
2. Trend Lines
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Drawing lines along highs or lows to see the direction of the market.
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Uptrend: Higher highs & higher lows
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Downtrend: Lower highs & lower lows
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📌 Use: Trade in the direction of the trend, not against it.
3. Moving Averages (MA)
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A smooth line that follows price action, helping you spot trends.
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Simple MA (SMA) or Exponential MA (EMA)
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📌 Use: Crossovers can signal entries/exits.
4. Candlestick Patterns
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Visual patterns that tell you about market psychology.
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Bullish Engulfing, Doji, Hammer, etc.
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📌 Use: Combine with support/resistance for confirmation.
5. Relative Strength Index (RSI)
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Momentum indicator (0-100 scale).
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Overbought: Above 70
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Oversold: Below 30
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📌 Use: Identifies possible reversals or pullbacks.
6. MACD (Moving Average Convergence Divergence)
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Follows trends and momentum by showing the relationship between two EMAs.
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📌 Use: When MACD crosses the signal line, it could be time to buy/sell.
7. Fibonacci Retracement
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Uses key Fibonacci levels (23.6%, 38.2%, 61.8%) to predict pullbacks.
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📌 Use: Great for finding potential bounce or continuation levels.
