Forex Training: Fundamental Analysis
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Get Forex Overview: Fundamental Analysis
Fundamental analysis involves examining the intrinsic value of a nation’s currency based on economic news releases that reflect the strength, or weakness, of a country’s economy. Fundamental traders follow these news announcements, known as “fundamental indicators,” because they paint a picture of a currency’s strength in relation to other countries.
Fundamental indicators are reports that include statistical data on things such as employment, gross domestic product (GDP), international trade, retail sales, housing, manufacturing, and interest rates. The stability, growth, or decline in any of these sectors may have an effect – direct or indirect – on the value of a country’s currency.
Main terms of trend analysis
Trend Channel: Frequently price trends develop between two parallel trendlines, reacting at the channel highs and lows. Once the channel is broken the trend lines reverse influence - i.e. a channel support line, when broken becomes resistance and vice-versa. An approximate target for a price reaction will be the vertical width of the channel projected from the point of break-out.
Trend-Following: A trading technique where the trader looks for a major trend to begin and holds positions in the direction of the trend.
Trendless: Sideways price movement with no clear direction.
Trend Line: When a trend occurs, in many cases it is possible to draw support lines under an uptrend or resistance lines above a downtrend. It is considered that once these lines are broken that the trend has completed. This implies that it should result in a correction at the very least and possibly a reversal in the trend.
Trend Reversal: A change in the direction of market prices. Trend reversals often follow a 4-step pattern. The market makes a new high. The trendline is broken and the market makes an intermediate low. The next rally does not exceed the previous high. Prices subsequently break the previous low. Popular trend reversal patterns include Double and Triple Tops and Bottoms, and Head and Shoulders patterns.
Upward Trend:
Forex Fundamental Analysis Upward Trend
Download Trend:
Forex Fundamental Analysis Downward Trend
Sideway Trend:
Forex Trading Analysis Sideway Trend
The market trend is consisted of three stages:
The first is the initial stage where the market trend is shaped up.
The second one is the developing stage where the trend is strongly kept as it is.
The last one is final stage where the forex market begins to suggest the next new trend on a certain turning point.
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