Don't just use daily charts - use the weekly chart as well to spot the major trends. Remember, trends in currency trading follow economic cycles and these can last for several years and they are apparent on the weekly chart. You can then use the daily chart to time your trading signals and entry and exit points.
Source: http://www.streetdirectory.com/travel_guide/37617/investment/forex_technical_analysis__6__simple_tips_for_bigger_profits.html
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