|Forex Technical Analysis (Technical Analysis) - a study of market dynamics, often through charts to predict future price trends. Price - the balance between supply and demand for this currency.
There are three basic postulates upon which technical analysis forex:
1) The course addresses all the financial instrument (market takes into account all).
The essence of this assertion lies in the fact that all the possible factors that may affect the value of the analyzed tools - economic, political or psychological - were already covered by the market and are included in the price.
From this it follows that the study of the price chart - that is all that is necessary for prediction.
Despite some simplification of the real situation, since it does not take into account the shift in time of receipt until its impact on the price at time intervals of several hours and more
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