Most of the traders are technical analyzers and their source of signal generation is that analysis. Relying on indicators is quite necessary for technical analysis. In this case, you can follow moving average, RSI, stokistics and Bollinger bands.
The forex market analysis involves studying economic indicators, geopolitical events, and technical charts to predict currency price movements. Fundamental analysis assesses economic data and news, while technical analysis uses historical price patterns and indicators. Sentiment analysis gauges market mood to forecast market direction. LQDFX broker offers a range of trading instruments, including forex, CFDs, and precious metals. Traders can trade more than 70 currency pairs, including majors, minors, and exotics.