How is forex support and resistance determined?

How is forex support and resistance determined?

Swing Highs & Lows Another great way to find support and resistance levels is to mark levels in the past where price had a difficult time breaking through. As price moves up and down, each level that price has bounced off of could be a level in the future that price bounces off of again.

How accurate is support and resistance?

Support and resistance are areas, not an exact price. Expect some variability in how the price acts around support and resistance. Similarly, if the trend is down, and the price is pulling back to resistance, let the price break above resistance and then short-sell when the price starts to drop below resistance.

What causes support and resistance?

Support occurs where a downtrend is expected to pause, due to a concentration of demand. Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply. These levels, while they may appear arbitrary at first sight, are based on market sentiment and anchoring.

What happens when support becomes resistance?

Support and resistance role reversal A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support.

What happens when support and resistance lines cross?

When support and resistance lines cross each other they can interact with a trend and cause it to breakout in a different direction. These are called confluence areas. These can help you anticipate breakouts from the main trend.

How many tops or bottoms does it take to confirm a trend line?

Here are some important things to remember using trend lines in forex trading: It takes at least two tops or bottoms to draw a valid trend line but it takes THREE to confirm a trend line.

Which is better customer service or technical support?

Customer Service and Technical Support both have their roles in organizations. However, there are significant differences between the two. Customer Service focuses on the experience of the customer. Technical support focuses on resolving a technical issue or problem in the fastest, most cost-effective way.

What is more important customer service or technical support?

Knowing the difference between these terms could help you improve your support strategies. For a broad explanation, Customer service focuses on the customer experience and interactions. Technical support focuses more on fixing technical issues that the customer has.

Who has the best tech support for computers?

These companies have been identified as the best of the best in the field of tech support services.

• Geek Squad. Geek Squad is one of the most recognizable brands in the field of tech support and is highly-reviewed by users.
• Bask.
• My Nerds.
• AskPCExperts.
• OmniTech Support.
• 24/7 Techies.
• Tech to Us.
• Support.com.

What is the difference between helpdesk and technical support?

While a help desk is more inclined towards addressing customer queries/requests and enhancing the customer experience, technical support aims to resolve the technical issues of customers.

How do I get better at tech support?

10 Tips for Better Troubleshooting & Technical Support

1. Become Fluent with the Software. It all starts with what you know.
2. Use a Descriptive Question Title.
3. Name Your Timeline Objects and Layers.
4. Share What Version You Use.
5. Keep it Simple.
6. Show What’s Happening.
7. Share a File or Demo.
8. Focus on What You Want and Not Trying to Fix What You Have.

What are the skills required for technical support?

Skills

• the ability to think logically.
• a good memory of how software and operating systems work.
• excellent listening and questioning skills, combined with the ability to interact confidently with clients to establish what the problem is and explain the solution.
• the ability to work well in a team.
• problem solving skills.

What the skill as technical support must have?

What Skills Do Tech Support Employees Need? Excellent problem-solving skills. The capacity to work well within a team. Attention to detail.

Why Technical support is important?

A company can increase its sales if they have an exceptional technical support team. This is why some companies even get help from tech support outsourcing companies. A good technical support is when a company provides user-friendly assistance to its consumers.

What are the roles and responsibilities of technical support?

Technical Support Job Description Template

• Identifying hardware and software solutions.
• Troubleshooting technical issues.
• Diagnosing and repairing faults.
• Resolving network issues.
• Installing and configuring hardware and software.
• Speaking to customers to quickly get to the root of their problem.

What does a support team do?

A support team member is responsible for assisting and connecting with the whole department group in meeting the company’s goals and exceeding performance expectations. A support team member needs to have a strong organization and time-management skills to support daily operations and do extra tasks as needed.

What makes a good support team?

They should be empathetic, understanding, and ready to resolve any challenge. A Collaborative Team – Customer support is only as good as the team around them. Having a team that works together to make necessary changes or implement feedback is what makes support’s life easier an effective workforce.

How do you manage a support team?

How to Create a Great Customer Service Team

1. Always Listen to Your Customers.
2. Empower Your Employees.
3. Keep an Open Line of Communication.
4. Make Quick and Accurate Response a Priority.
5. Keep Your Promise/Don’t Break Your Word.
6. Invest in Training That Encourages Team Mentality and Recognizes Everyone.