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Buy and sell signal needs proper understanding before you venture into forex trading. You don't buy an asset simply because the price is going up or sell because the price is going down. There are principles behind buying and selling an asset. That is where fundamental and technical analysis comes in.
Fundamental analysis controls how economical, political and social factors affect price movement. While technical analysis uses past price actions to predict the future price movement of an asset. The information produced by fundamental analysis is displayed on forex chart, then technical analysis is carried out by interpreting the results through technical indicators and time frame analysis.
Fundamental analysis controls how economical, political and social factors affect price movement. While technical analysis uses past price actions to predict the future price movement of an asset. The information produced by fundamental analysis is displayed on forex chart, then technical analysis is carried out by interpreting the results through technical indicators and time frame analysis.
All this analysis need to be understood and applied in an appropriate manner for better results delivery. Over seven months bear (sell) signal has been in control of the market for London and Asian currency pairs. But bull (buy) signal for New-York currency pairs. From the look of things is like the market has taken a different shape for the past few days. Trade carefully until the bull is fully in control only then you can have confidence to swing high if you are a swing trader.
Buy Signal Confirmation Price ($)
EURUSD: 1.065
AUDUSD: 0.965
GBPUSD: 1.265
Once the price gets to those levels seen above then and only then you can confirm that bull has entered the market. But for now trade cautiously. For USDJPY sell when the price gets to 133.5
Last edited by Admin on Sat Jul 23 2022, 03:39; edited 6 times in total
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