Resolved Question
What is a psychological, or psychologically significant, level mean?
7 months ago
Best Answer - Chosen by Voters
These are normally price levels that big banks and institutions place their offers at. These can swing the market so sometimes, they act as support / resistance levels. An example of this would be round numbers, like a price of 1.5000 for the EURUSD, or 90.00 for USDJPY.
7 months ago
Answers (2)
That refers to round numbers (those with lots of zeros, like 1.5000) where most traders place their orders on. Because of that, these levels often serve as support/resistance levels.
7 months ago
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Well, people generally want to buy and sell on a round number. This is exhibited when prices find resistances or supports at levels like 0.9000 rather than 0.9019.
7 months ago
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