Quiz 2

Q1. What is the minimum number of points needed to draw a trend line?

A. 1

B. 2

C. 3

D. 4

 

Q2. What does the trend line show in the Forex Trading?

A. Trend of Fashion

B. Trend of shares of any product

C. Trend of any currency

D. None of these

 

Q3. How many types of trend lines are there?

A. 1

B. 2

C. 3

D. 4

 

Q4. What is support level for a currency in the Forex market?

A. Support for a currency is that price level below which the price of a currency has not gone

B. Support for a currency is that price level above which the price of a currency has not gone

C. Support for a currency is equal to the current price

D. None of these

 

Q5. What is resistance level for a currency?

A. Resistance for a currency is that price level above which the price of currency has not gone

B. Resistance for a currency is that price level below which the price of currency has not gone

C. Resistance for a currency is equal to the current price

D. None of these

 

Q6. Which lines are used to create channels in a chart?

A. Upper trend line and lower trend line

B. Support and Resistance line

C. Media Line

D. None of these

 

Q7. How many types of breakout are there?

A. 1

B. 2

C. 3

D. 4

 

Q8. Which trend line is crossed when a false breakout occurs?

A. Upper trend line

B. Lower trend line

C. Any of the two upper and lower trend lines

D. None of these

 

Q9. Is a false breakout profitable?

A. Yes, 100% profitable

B. No, not at all profitable

C. Sometimes profitable

D. Depends on the market situations

 

Q10. Who invented Andrew’s Pitchfork?

A. Dr Alan H. Andrews

B. Leonardo de Pisa

C. John Andrews

D. None of these

 

Answer of Question 1: B

Answer of Question 2: C

Answer of Question 3: C

Answer of Question 4: A

Answer of Question 5: A

Answer of Question 6: A

Answer of Question 7: B

Answer of Question 8: C

Answer of Question 9: D

Answer of Question 10: A

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