Basically, supply and demand determine the value of currencies. To forecast the currency trend, totally there are two methodologies, which are fundamental and technical analysis. Different traders may interested in different method.Fundamental Analysis
Based on key economic indicators that can influence various currencies
Studies cause of market movement
Analysts will gain knowledge of charts analysis and indicators
Find explanation of the current price
Technical Analysis
Basic on past performance of a currency, equity, position or future and exercise with mathematical calculations to predict future results.
Studies the economical effect.
Predict future with history.
Analyst will gain knowledge of awareness of the fundamentals.
Find accurate forecast of future
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