Quizzes 77 to 80

When a price level was meeting a support level, it means?

A) It is difficult to rise
B) it is difficult to fall further
C) it is possible to bounce
D) none of the above

The wrong answers include A) it is difficult to rise, and D), none of the above.

The correct answer is B) it is difficult to fall further, and C) it is possible to bounce. This is because a support level represents an area where there is a lot of buying pressure.

Resistance means?

A) Price is reaching an area difficult to break to the upside
B) price is reaching an area difficult to break to the downside
C) has no meaning and technical analysis
D) none of the above

The wrong answers include B) price is reaching an area difficult to break to the downside, C) has no meaning in technical analysis, and D) none of the above.

The correct answer is A) price is reaching an area difficult to break to the upside. This is because there is a lot of selling pressure at the level.

In Forex trading, a gap is normally forming?

A) Tuesdays
B) Wednesdays
C) Mondays
D) Fridays

The wrong answers include A) Tuesdays, B) Wednesdays, and D) Fridays.

The correct answer is C) Mondays. This is normally due to headlines or news coming across the wires during the weekend. As it is a 24-hour market, it’s almost impossible to get a gap in any other time.

Forex stands for?

A) Foreigner exchange
B) Foreign exchange
C) forever exchange
D) none of the above

The wrong answers include A) foreigner exchange, C) forever exchange, and D) none of the above.

The correct answer of course is B) foreign exchange.

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