What to use technical or fundamental

[TLenyk]

How do you know what currency to buy or sell?
Both the technical and fundamental analysis are important when trading on the FX.

Fundamental components - Macro, Micro and Monetary


Macro - The big picture news and politics. Elections of a new government leader can have a real big impact on currency. Look at the trade relationship with another country. Are countries deflating their currency with the intent to increase, their exports.

Micro - Day to day activities, which are the employment rate, GDP and inflation data.

Do your homework and really uncover the data. You will need real hard data and not just a few days of news.

Monetary Interest Rates

The central bank sets the interest rate and the direction of the countries currency
With monetary it is important to know where the interest rates are going.

The technical indicators and principles such as Fibonacci Retracement, Candlesticks and oscillators analyze past price movement and the probability of a currency's future price direction.

What analysis and or charts do you use for trading?
Forex Trading Articles, Audios, News and Tools - Forex-Money-Exchange.com

Tracy Lenyk

[forexexpert]

I agree both fundamentals and technicals are essential..

Fundamentals drive the direction of the market, while the technicals should be used to establish entry and exit points!

[Mikhail Kurakin]

I think that we should use both types of analysis.

[managedfx]

You always need to use a blend of both forms of analysis, and honestly with the recent market events, you can NOT miss the fundamental side of things.

[frezlar26]

both should be interpreted in order to get the best results. That's what most forex mentors say.

[Mary Jam]

I usually make intraday trading... I look first at technical