Support and Resistance Basics
A 1-minute lesson from the MarketPro academy, one of 24 in forex basics.
Support and resistance describe price areas where buying or selling pressure has previously been strong enough to pause or reverse a move. They are among the most widely referenced concepts in chart analysis.
Support and resistance describe price areas where buying or selling pressure has previously been strong enough to pause or reverse a move. They are among the most widely referenced concepts in chart analysis.
Support
Support is a level or zone where price has tended to stop falling, as buyers have historically stepped in around that area. Resistance is the opposite: a level or zone where price has tended to stop rising, as sellers have historically stepped in.
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Lesson 14 of 24 in Forex basics
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