Technical Analysis For All Forex Pairs

Forex trading is an activity of buying and selling foreign currencies online to make a profit. The purpose of forex trading is to make a profit from the difference between the sales and purchases of a foreign currency. In Indonesia, forex is known as forex or foreign exchange and people who trade are called traders.

Forex trading is also not only done by individuals but also by a group. For example, multinational companies, banks and countries carry out currency transactions in order to make a profit. They do this forex trading in a network called the forex market.

Technical analysis is a price analysis approach that studies market activity using historical price data, including price charts, that have occurred in the past, to predict and anticipate future price movements.

In this case, of course, the technical analyst must have data and price charts. Historical data used in technical analysis includes information on opening, closing, highs, lows, and trading volumes.

In technical analysis, many of us are familiar with indicators that function to tell when it is time to trade. The data is processed into various indicators, and presented on a chart along with price movement data.

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