Technical Analysis

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| By Fxctrade

Fxctrade

Community Contributor

Quizzes Created: 2 | Total Attempts: 7,770

Questions: 15 | Attempts: 1,050 | Updated: Mar 20, 2023

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Questions and Answers

1.

A green candlestick signifies which of the following?
- A.
  
  Close higher than the Open
- B.
  
  Open higher than the Close
- C.
  
  Close at the Open
- D.
  
  None of the Above
Correct Answer
A. Close higher than the Open

Explanation
A green candlestick signifies a positive day in the markets.

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2.

Reversal Candlesticks have?
- A.
  
  Large wicks, small bodies
- B.
  
  Small wicks, large bodies
- C.
  
  Large wicks, large bodies
- D.
  
  Small wicks, small bodies
Correct Answer
A. Large wicks, small bodies

Explanation
A large wick signifies that a market reached a certain level that it was not able to close at.

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3.

Characteristic(s) of a marabozu candletstick is(are) ?
- A.
  
  Full candlestick
- B.
  
  Signifies strong uptrend or downtrend
- C.
  
  Little to no wick
- D.
  
  All of the Above
Correct Answer
D. All of the Above

Explanation
Marabozu candlesticks are a good sign of a strong uptrend or downtrend

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4.

A Doji shows?
- A.
  
  Uptrend
- B.
  
  Downtrend
- C.
  
  Indecision
- D.
  
  Market Close
Correct Answer
C. Indecision

Explanation
A doji occurs when the market open is near the market close. Shows indecision in the markets.

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5.

Tweezer Bottoms indicates?
- A.
  
  Bullish Rally
- B.
  
  Reversal
- C.
  
  Bearish Rally
- D.
  
  Both a & b
Correct Answer
D. Both a & b

Explanation
Tweezer bottoms indicate the bottom of the market

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6.

An evening star indicates?
- A.
  
  End of an uptrend
- B.
  
  End of a downtrend
- C.
  
  Indecision
- D.
  
  Market Close
Correct Answer
A. End of an uptrend

Explanation
The bulls have burned out!

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7.

A symmetrical candle indicates ?
- A.
  
  Bullish market
- B.
  
  Bearish market
- C.
  
  Indecision
- D.
  
  None of the Above
Correct Answer
C. Indecision

Explanation
Buyers and sellers are fighting in the formation of a symmetrical triangle.

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8.

Which of the following in an example of dynamic support and resistance?
- A.
  
  Bollinger Bands
- B.
  
  RSI
- C.
  
  MACD
- D.
  
  None of the Above
Correct Answer
A. Bollinger Bands

Explanation
Bollinger Bands are uses to show price action within a certain standard deviation of price

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1
0
9.

Breakout occur when price breaks which of the following?
- A.
  
  Support
- B.
  
  Resistance
- C.
  
  Open
- D.
  
  Both a & b
Correct Answer
D. Both a & b

Explanation
Breakout occurs when the price of an asset breaks through a significant level of support or resistance. Support is a level where the price tends to find buying pressure and bounces back up, while resistance is a level where the price tends to find selling pressure and reverses its upward movement. When the price breaks through either support or resistance, it indicates a shift in market sentiment and often leads to a significant move in the direction of the breakout. Therefore, the correct answer is "Both a & b" because breakout can occur when the price breaks either support or resistance levels.

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10.

An acceptable risk to reward ratio is ?
- A.
  
  4:1
- B.
  
  3:1
- C.
  
  2:1
- D.
  
  1:2
Correct Answer
D. 1:2

Explanation
You want the odds in your favor!

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11.

The following image shows the formation of?
- A.
  
  Bearish Engulfing
- B.
  
  Bullish Engulfing
- C.
  
  Morning Star
- D.
  
  Evening Star
Correct Answer
B. Bullish Engulfing

Explanation
The given image shows a bullish engulfing pattern. This pattern occurs when a small bearish candle is followed by a larger bullish candle that completely engulfs the previous candle's body. It indicates a reversal of the previous downtrend and suggests that buyers have taken control of the market.

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12.

The following image shows?
- A.
  
  Breakout
- B.
  
  Open
- C.
  
  Close
- D.
  
  None of the Above
Correct Answer
A. Breakout

Explanation
The given image shows a breakout, which is a technical analysis pattern in which the price of an asset breaks through a resistance level or a support level. A breakout is considered significant as it indicates a potential change in the direction of the price trend. In this case, since the image does not show any other relevant information or options, we can conclude that the correct answer is breakout.

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13.

The following image shows?
- A.
  
  Morning Star
- B.
  
  Evening Star
- C.
  
  Three White Soldiers
- D.
  
  Three Black Crows
Correct Answer
B. Evening Star

Explanation
Indication that prices will move lower.

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14.

The following image shows?
- A.
  
  Market has found a floor at 79.00
- B.
  
  Bearish market
- C.
  
  Market will not go higher than 84.00
- D.
  
  None of the Above
Correct Answer
A. Market has found a floor at 79.00

Explanation
Market failed to close below 79.00. Formed an extremely long wick.

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15.

The following image shows?
- A.
  
  A break through of the 1.04 level
- B.
  
  An uptrend
- C.
  
  Three White Soldiers
- D.
  
  All of the Above
Correct Answer
D. All of the Above

Explanation
This is a strong bullish signal. The market looks like it will go higher until it finds a new resistance level.

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