Fundamental and Technical Analysis of the Forex Market

technical analysis

Traders in the Forex market rely on two basic forms of evaluation which are used to study the markets and predict price movement: fundamental and technical analysis. Fundamental analysis is essentially the study of a nation’s overall economy. The idea of this “Big Picture” approach is that the strength of a nation’s economy will affect the supply and demand for its currency, which will, in turn, affect the price of the currency. On the other side of the “fence” is technical analysis where the currency…

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