Forex Trading

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Trend Lines

Traders draw trendlines to identify possible changes or resistance/support levels in the movement of currency prices.

The following trendlines are available from OANDA's FXTrade interface.

Draw Simple Trend Lines
Draw horizontal, vertical, or diagonal straight lines over the chart to mark price points, particular times, or to extrapolate slopes on the curve.
Draw Advanced Trend Lines
Find out how to draw advanced trendlines, such as Fibonacci lines, pivot points, or speed lines.
Fibonacci Trend Lines
Some traders apply the Fibonacci numbers to financial markets, and closely watch the important percentages drawn from these numbers. Fibonacci lines, fans and arcs are available.
Pivot Point Trend Lines
Pivot points are calculated from previous-period prices, and are used by some traders as a technique to determine resistance and support levels that may signal trade entry or exit points.
Speed Lines
Draw a fan divided by thirds. Many traders watch for a move below the two-thirds level as a signal of continued retracement toward the one-third level.