Technical forex analysis is a study of price fluctuations and market actions that traders use to help them make trading decisions in the forex market. Below is a brief overview of forex technical analysis.
Assumptions of Forex Technical Analysis
Technical forex analysis is based on a few key assumptions. They are:
A combined effect of market forces such as economic conditions, political events, supply/demand and seasonal fluctuations consequently lead to changes in price. Currency pricing changes are usually taken into account when traders determine their future trading strategies.
Forex market trends determine currency pricing changes. This concept helps traders determine their next move. The market […]