Technical analysis of foreign exchange transactions
- 7월 25, 2017
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Technical analysis of foreign exchange transactions
What is important in foreign exchange transactions is to read the flow of exchange rate and to predict its direction.
There are two methods of predicting the direction of the exchange rate: basic analysis and technical analysis.
Today we will look at technical analysis.
The technical analysis is to look at past trends in the market through charts and to understand trends to predict future exchange rates.
Past price fluctuations can be a big help when forecasting exchange rates. Why? This is because the chart reflects not only the direction of the exchange rate but also the psychological part. If you understand the psychology of the traders and make only the right decisions, you will be able to profit.
Types of technical analysis
Trend Analysis
Once prices start to trend, this trend tends to last for a considerable period of time. The method of using this property is called "trend analysis".
Pattern analysis
When the trend changes, the price represents the pattern. The analysis method that predicts future trends is called 'pattern analysis'.
Investment Analysis
The method of analyzing the buying and selling interval using the current stock price or the exchange rate as a supplementary index is called "market analysis".
Psychological analysis
It is an analytical method used to identify the psychology of market participants and to enter the opposite position.
Market structure analysis
It is an analytical method that estimates prices by observing and studying market movements for a long time and understanding the principle of market fluctuation.
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