Technical Analysis is a method of estimating price movements by looking at historical data on the market. Price data is the type of data that is most widely used in the analysis process, although there are several other types of data that are also used in the analysis process such as volume and open interest …
In forex trading, the formed price actually follows the buy-sell mechanism in the market. Therefore, there are certain levels that are indirectly agreed upon by traders as a price reversal point, ie when the selling power weakens (while the purchasing power strengthens) or when the purchasing power weakens (while the selling power strengthens). These price …
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