Forex Market Analysis

Forex Have Few Types Market Analysis :-

Technical Analysis.

Technical analysis in use a different tools , indicators , trendline , chart, chart patterns, fibonacci,candles,candle patterns,triangles,elliott wave etc by to identify trend, and get buy or sell signal.

It's a very helps to trader . when trader make trade.

In the forex have many more strategy and system to help through get more profit.where traders which system understand and which they use depend on it.

Fundamental Analysis.

fundamental analysis is in depend on country profit and loss . who’s effect on Country Economy , GDP ,Supply And Demand Goods, Political Pressure , Investments, Employment And Unemployment.

Fundamental Analysis Some Factor

Gross Domestic Product(GDP)

Gdp is country"s base. It declare country's situation.if country gdp is growth so its good for country , otherwise gdp is down so it bad for country.

Let's take an one example, country make a own product not buy from another country,country not to demand or import any thing for any make productivity. they make by self and by within country employee .so its product making cost goes down and profit higher up.That's effect to increase currency high.

Country's News

Country on the day get good news and bad news. If gets economy related good news that good effect on country's currency otherwise vice versa.

Consumer Price Index (CPI)

We shown you by above example about country who make a own product by self. product is completed and owner make a price (mrp) then product gone on sell. They want to make more profit and decide to export to another country but that's price costing low to compare with the manufacturing cost.

Within country that's item sold by MRP .but in another country sold by low profit by same MRP of compare to own country.Now What Do?

Because low price to selling is low profit its a general knowledge that's time low profit sure to effect on country GDP.

Using Economic Calendar

Economic calendar is using to see a foreign exchange related data. Its to easy way to get all the information country related information what effect on forex.

Many website available on the internet who provide news and which date and time announce for which country.

Candlesticks types