Forex technical analysis is a method used by traders to evaluate price movements of a currency pair from historical price data. The data is used to identify patterns and trends in the market, which can then be used to predict price movements.
What is the purpose of forex technical analysis?
The purpose of forex technical analysis is to help traders identify trends and make predictions about where the price of a currency pair may go in the future. It can be used to identify entry and exit points as well as stop-loss levels.
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