The second method:

Technical analysis, which relies on the study of the market trend through the study of plans for an earlier period of the value of the exchange rate in this period and includes a critical study of how the trading of one currency historically against another currency, usually done by analyzing the movement of trade between the value of one currency relative to another currency As shown in the graph for the pair.

This can be a powerful thing in itself that can be detected by the master plan for the market, levels of psychological support and value that can show where the currency may find it difficult to break the point made in the past, when exposed to similar pressure core.

 For example, if the value of the currency when attempts planning to break the price level several times, but still down and trying again, it can be predicted to have the resistance to go beyond that level and increasing the number of attempts it indicates the strength of the resistance level.

Note:

Many changes in market value are influenced by factors that speculation and the price differences found many some are illogical, such as emotions and hopes of the people prefer a certain brand.

The difference and the difference between these factors is a rational and fundamental changes in the most rational in the values ​​of currencies are the main cause of changes in value resulting form the basis for trade and the opportunity to make a profit) Traders are looking to the high peaks on price levels (and similarly in the bottoms of strong levels of support prices) to indicate support and resistance, and they know that if the fundamental forces are strong enough to break the resistance or support, then the price can move quickly up or down, such as the pressure was released. And traders will try to estimate the extent of the rise and decline or compare prices of resistance and support the last two.

When economic conditions are stable and currencies tend to trade in value and gradually move to the top and bottom).Whether the stability of the currency pair to determine when the merchant will be considered at the graph of the value of the currency exchange to determine the direction of historical currency are likely to move up or down. From the tops of rolling movement of the price change can determine the direction of the lines that refer to the rate and direction of change in value.Knowledge of the timing of entry and exit from the market (start and end the transaction) is the key to a profitable business. The novice can take advantage of the robot in automated forex trading to do so.

Thanks for reading and see you again.