The three types of forex market analysis can be combined by traders. The following steps can be taken:
Using fundamental analysis to identify long-term trends
Identifying ideal entry points using technical analysis and accompanying indicators
Before entering a trade, consider client sentiment.
Here are in-depth examples of how to analyze forex market trends with the three analysis techniques:
Fundamentals of forex revolve mainly around the currency's interest rate. It is due to the fact that interest rates have a significant effect on the forex market. Additionally, gross domestic product, inflation, manufacturing, and economic growth activity are considered. It is less important whether those other fundamental releases are good or bad than how they affect the interest rate of that country.