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Technical Analysis
Technical analysis is the study of price movements in terms of mathematical analysis. From here we can imagine there will be graphics-and computation / mathematical formulas in it. With historical data and current price movements that there is then an analysis could provide a projection in which the value of the price will go up, down, or turn around. Or it could be called a 'trend' this is sought in the technical analysis. By identifying trends or patterns correctly, will be able to help you find the best trading opportunities. Traders believe that “History tends to repeat it self“ So if if a price level of any currency held as a key support or resistance in the past,
traders will keep an eye out for it and base their trades around that
historical price level. Traders using chart that visualized currency movement in the late periode and try to recognized the pattern so they could define recent trend.
Fundamental Analysis
Fundamental
analysis is a way of looking at the market through economic, social
power, and political influence supply and demand. In other words, you
see that good economic conditions, or nod good. The fundamental idea
behind the analysis is that if the economy of a country in good
condition, then their currencies will also be good. And result in
increased confidence that other countries for currencies. For example,
the value of the U.S. dollar continues to rise as the U.S. economy
strengthened / improved. The consequence could be higher interest rates
to control inflation, the effect is the value of the dollar will
continue to strengthe.
Sentiment Analysis
Sentiment of the market built from trader's opinions, how they expressed through whatever their short or long position they take. It's helps form the overall. BUT, the truth is that as traders, you can’t move the markets in your own opinions. Even if you strongly believe that the dollar is going to go up, but everyone else is bearish on it, you can do anything about it. Sometimes the chart on your MT5 said it's time for bullish, and so fundamental but if market ( the majority ) have negative sentiment so you have to let it go.
Sentiment of the market built from trader's opinions, how they expressed through whatever their short or long position they take. It's helps form the overall. BUT, the truth is that as traders, you can’t move the markets in your own opinions. Even if you strongly believe that the dollar is going to go up, but everyone else is bearish on it, you can do anything about it. Sometimes the chart on your MT5 said it's time for bullish, and so fundamental but if market ( the majority ) have negative sentiment so you have to let it go.
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