When you enter the market, you want to maximize profit and minimize losses with stops and limits. But where do you set them? Many traders rely on the official DailyFX list of Support & Resistance levels to find the most effective points to enter and exit the market.
Now, with the DailyFX Support & Resistance Wizard, you can bring DailyFX Support & Resistance levels to your Trading Station platform. This app pulls data directly from DailyFX and automatically updates support and resistance levels on your charts, giving you an edge on your technical analysis and saving you precious trading time.
The DailyFX Support and Resistance levels are compatible with EUR/USD, USD/JPY, GBP/USD, USDOLLAR, USD/CHF, AUD/USD, USD/CAD, NZD/USD, EUR/GBP, EUR/JPY, GBP/JPY, and USD/CNH.
The following inputs are available in the app’s parameters window and can be defined by the app user:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results.
This Indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).