TECHNICAL ANALYSIS
Technical Analysis is an analysis of price movements of currencies based on the price movement of the currency itself in the past.
Technical analysis has 3 basic principles of thought:
1. Market Price Discount Everything
That is reflected in the price chart or graph has described all the factors that influence the market.
2. Price Moves in Trends
That is the price movement does not move at random but lasts in one pattern (trend) specific and will continue until there are signs that this movement pattern to stop and reverse direction.
3. History Repeats it selfs
That there is a strong tendency that the behavior of investors and market players in the past is equal to the present in addressing a variety of information that affect the market.
Technical Analysis is an analysis of price movements of currencies based on the price movement of the currency itself in the past.
Technical analysis has 3 basic principles of thought:
1. Market Price Discount Everything
That is reflected in the price chart or graph has described all the factors that influence the market.
2. Price Moves in Trends
That is the price movement does not move at random but lasts in one pattern (trend) specific and will continue until there are signs that this movement pattern to stop and reverse direction.
3. History Repeats it selfs
That there is a strong tendency that the behavior of investors and market players in the past is equal to the present in addressing a variety of information that affect the market.
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