We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Bitcoin
Bearish
More View more
Real Time News
  • 🇪🇺 EUR Euro-Zone Consumer Price Index (YoY) (OCT F), Actual: 0.7% Expected: 0.7% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2019-11-15
  • 🇪🇺 EUR Euro-Zone Consumer Price Index Core (YoY) (OCT F), Actual: 1.1% Expected: 1.1% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2019-11-15
  • LIVE IN 30 MIN: Currency Strategist @PaulRobinsonFX runs through his favorite charts and potential set-ups for the week ahead in the FX and CFDs market here - https://www.dailyfx.com/webinars/108721147?CHID=9&QPID=917720
  • Heads Up:🇪🇺 EUR Euro-Zone Consumer Price Index Core (YoY) (OCT F) due at 10:00 GMT (15min), Actual: N/A Expected: 1.1% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2019-11-15
  • Heads Up:🇪🇺 EUR Euro-Zone Consumer Price Index (YoY) (OCT F) due at 10:00 GMT (15min), Actual: N/A Expected: 0.7% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2019-11-15
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT as he goes over London #FX & #CFD charts for the next week. Register here: https://t.co/CoMkMA0pdF https://t.co/WpkU69u4wq
  • How should you trade around event risks and what steps can you take to improve your trading psychology? Find out from @JoelKruger, a trading consultant and mentor. Only on Global Markets Decoded. Tune in here! https://t.co/Twr44cZ1GB https://t.co/xpV5Pjkgpr
  • UK Investing Ahead of the General Election | IG Trading the Markets with @JMcQueenFX & @VictoriaS_IG $GBP https://t.co/Rpvdk6BjdO
  • Japanese Yen Chart May Be a Warning Sign for the Nikkei - https://www.dailyfx.com/forex/fundamental/article/special_report/2019/11/15/Japanese-Yen-Chart-May-Be-a-Warning-Sign-for-the-Nikkei.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #USDJPY #Nikkei
  • RT @LiveSquawk: IEA Monthly Oil Report - Full Report #OOTT https://t.co/GyumheI9Yi
Foundations of Technical Analysis- Trendlines & Slope Analysis

Foundations of Technical Analysis- Trendlines & Slope Analysis

2017-07-21 15:46:00
Michael Boutros, Technical Strategist
Share:

- Part 1: Introduction to Basic Trendline Analysis

- Part 2: Introduction to Basic Pitchfork / Median-line Analysis

- Part 3: Introduction to Multi-Time Frame Analysis

See these tools & methodology used in practice, Join Michael for his Weekly Strategy Webinar on Monday mornings.

In this bi-weekly webinars series on the Foundations of Technical Analysis, we discuss the methodology of constructing a basic trade setup. In this session, we review how to use slope-lines and simple multi-timeframe analysis to identify key reaction levels in price.

Remember that the most important aspect of trendline analysis is identifying the proper slope or gradient of the market. The more points of contact price has on a given slope-line, the more significant that line becomes. Parallels of an identified slope extending off key highs / lows in price are extremely helpful in projecting where price may ultimately encounter support / resistance.

While these methods can be used on almost any timeframe, it’s important to always have a broader opinion on the market within the context of the primary trend- otherwise your flying blind! Once that is established, drilling down into closer timeframes helps you to identify with more accuracy the timing of when to trigger a given trade.

A review of the latest USDJPY & AUDJPY setups published earlier this week highlight live examples of how we utilize this type of analysis to translate an idea into an actionable trade.

In future webinars we’ll be discussing how to integrate basic slope analysis with various overlay & momentum indicators, classic candlestick formations and proper risk management to create a more holistic trading approach. Click here to register free!

Want more information on technical analysis and trading strategies? Check out our Free DailyFX Trading Guides!

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.