Support and Resistance Basics in Forex

October 19, 20251 min read
Support and Resistance Basics in Forex

Currency Strength Meter Team

Forex Analyst & Writer

#forex#support#resistance#technical analysis

" Introduction

Support and resistance are the building blocks of technical analysis.
They define the areas where prices tend to reverse or pause.

Learn about these levels interactively at www.currencystrengthsmeters.com.

How to Identify Them

  • Horizontal levels from prior highs and lows.
  • Moving averages acting as dynamic zones.
  • Trendlines providing directional support.

Trading Strategy

  1. Buy near support, sell near resistance.
  2. Confirm with volume and strength data.
  3. Use breakout entries for strong trends.

Conclusion

Understanding support and resistance helps traders plan entries and exits with higher precision. "

🔹 Key Takeaways

  • Use strength meters to spot strong/weak pairs quickly.
  • Combine with price action for accurate entries.
  • Stay aware of major economic events.

💬 Comments

Comments feature coming soon! Traders will be able to share insights and questions here.


Support and Resistance Basics in Forex