Technical Analysis

 

This is an analysis of price movement of currencies based on the price movement of the currency itself in the past.
Technical analysis has three basic principles of thought:
1. Market Price Discount Everything
Is the price reflected in the chart or graph has illustrated all the factors that influence the market.

2. Price Moves in Trend
Price movements are not moving randomly but rather takes place in a single pattern (trend) specific and will continue until there are signs that the movement pattern is stopped and reversed.

3. History Repeats it selfs
Strong tendency that the behavior of investors and market participants in the past is equal to the present in addressing a variety of information affects markets.