If we look at the daily candle in forex we see that there is an opening price where the new candle starts. Then we see prices going up or down and if the candle moves up, we see the highest point for the same day. from where prices begin to fall and that is the point where we see that the pair sees resistance (in short the point above which the buyer does not want to buy) just like us if we see the price moving down to the lowest point for that day called the support point where the maximum purchase has been done by traders. Moving averages are a method that shows us the current trend in the market.


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