Forex analysis meaning
Forex analysis is the practice of determining which currency within a pair is likely to be stronger over a given period of time. Forex traders can then use this knowledge to purchase the currency that they expect to increase in value, or to sell the currency they think will decline in value. To help make these predictions, forex traders will study a range of sources. These include fundamental factors, such as the state of the nations’ economies, the price of relevant commodities such as oil, or any major news events affecting international economics. Technical factors are also considered, such as the recent price history of the currency relative to its historical averages.
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