How to Identify Support and Resistance Levels in the Forex Market

Thu, 06 Nov 2025 18:41:22 +0000

Support and resistance are super important concepts in forex trading that every trader needs to get. Support is like a price floor where demand is strong enough to stop prices from falling any further. On the flip side, resistance is a price ceiling where there's enough selling pressure to keep prices from going up. In forex and CFD trading, knowing these support and resistance levels helps you figure out when to buy and sell since they show where prices usually pause or turn around.