Futures

Futures - Support, resistance and trends

Level: Beginner / Length: 5 minutes

Markets tend to move in a general direction, or trend. In this module we’ll explore technical analysis in more detail, including how to identify trends, as well as key levels of support and resistance.


Learn about uptrends, downtrends and sideways trends.

Understand major, intermediate and near-term trends.


There are three main trends adopted by traders: Major or long-term trend, intermediate and short-term trends. The intermediate trend, which could last up to several months, is most often used by traders to confirm the overall direction of the market.

  • Support and resistance – what do they mean?
  • What a trend is within technical analysis?
  • The different types of trend

IMPORTANT INFORMATION

Please note that Saxo Academy is property of Saxo Bank A/S. The materials published on Saxo Academy should not be considered as financial, investment, tax, trading or other advice, or recommendation to invest or disinvest in a particular manner. SCML assumes no liability for any losses resulting from trading in accordance with a perceived recommendation or reliance on Saxo Academy materials. Following or replicating other traders involves risk. Past performance of a trader is not indicative of future results.