Skip to content
News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Strategy Video: Some Guidelines for Trendlines on EURUSD, EURGBP and SPX

Strategy Video: Some Guidelines for Trendlines on EURUSD, EURGBP and SPX

John Kicklighter, Chief Strategist

Talking Points:

• In technical analysis, trendlines are amongst the most commonly used tools

• Using the patterns properly is key to its success in identifying good trade setups

• We discuss a few important elements of trendlines looking at EURUSD, EURGBP, GBPJPY and SPX

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

Trendlines are one of the most basic tools in technical analysis and they can be used to identify or confirm strong trade setups. However, like many other trading techniques, these simple patterns can be miss-used to the detriment of our account. Perhaps most important in using trendlines is the larger and more prominent it is, the greater influence it carries. Also, trendlines should not be considered to reflect laser precious nor should we simply write it off it is breached (internal trendlines and former-support-turned-new-resistance are common). We discuss a few of the particulars for one of trading's most ubiquitous tools using EURUSD, EURGBP, GBJPY and S&P 500 charts in today's Strategy Video.

Sign up for John’s email distribution list, here.

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

DISCLOSURES