Introduction to Technical Analysis - Part 1

FOREX analysis is divided into two types: Fundamental and Technical. Fundamental analysis attempts to predict movements in currencies by examining current political and economic events. Technical analysis uses historical economic data to predict movements in the FOREX. These two articles will examine the principles of technical analysis and the tools involved.Basic PrinciplesTechnical analysis is based on three assumptions:1 ? Price movements are a result of all market forces combined. Things that can affect currency prices include political events, economic conditions, supply