|
||||||||||||||||||
Data:2009-12-12 2:34
The so-called technical analysis, refers to the use of some historical data to determine the foreign exchange market or individual foreign currency price of the direction and extent of future changes in a variety of analytical methods. The basis of foreign exchange factor analysis and technical analysis of interrelated but also independent of each other and jointly constitute a complete analysis of foreign exchange investment. The purpose of these two analysis methods are to analyze the investment value of foreign currency, but their analysis point of view, the approach and the role of a starting point now is not the opposite grasping Shenglang Jiancang the bottom of the list of agencies is not necessary to earn the foreign exchange market through train is only a sure win .
To sum up, the following main differences:
(1) The main purpose of the basis of factor analysis to analyze the intrinsic investment value of foreign exchange; Technical analysis focuses on the foreign exchange towel between the market price exchange rate) law of motion.
(2) the basis of factor analysis method is from the foreign exchange market, the external determinants, such as political, economic factors, their roots, and from these external factors and the relationship between the foreign exchange market point of view analysis; technical analysis method is to start directly from the foreign exchange market, , according to the foreign exchange market supply and demand conditions, price and trading volume and other market factors were analyzed.
(3) the basis of factor analysis by the international and the national, economic groups, political and economic analysis of the situation and help investors to understand the various currency exchange foreign exchange market value of investments and developments in order to guide investors to correctly choice of investment objects; technical analysis of fluctuations in foreign exchange markets by the form of an analysis of volume and other market factors that can help investors to select the appropriate investment opportunities and technical financing modality, the actual foreign exchange investment activities have important guiding significance. In other words, the basis of foreign exchange factor analysis is designed to determine the level of the current exchange rate, while the technical analysis of the objective is to predict the ebb and flow exchange rate trends; fundamentals analysis, we can solve the "what to buy or sell foreign exchange to be" issue, while the technical analysis of will have to solve the "when the stock market or when the sale of" issue.
Technical analysis is built on a series of theoretical assumptions based on. Well-known technical analyst Edward and Magee have listed out the technical analysis of the key assumptions are as follows:
(1) foreign exchange rate movements, only determined by supply and demand;
(2) the factors affecting supply and demand is extremely complex, some are rational, some irrational investors by different opinions, feelings and conjecture posed by various psychological factors;
(3) Excluding market, small fluctuations in the exchange rate will be quite a long time to maintain a trend;
(4), while the trend of the exchange rate movement is based on supply and demand to changes in the relationship, but this change sooner or later can be out of line graph morphology.
That is to say, technical analysis there are three preconditions: First, market conditions speak for themselves, all the fundamentals are reflected in the price movements in; 2 is history repeating itself. Technical analysts to chart classification of various forms and found that often the chart bears a striking resemblance; 3 according to the trend of price changes, there are certain rules exist, one can discover and use it to guide their practice.
[1] [2] Next Page
Technical analysis includes a number of ways that could be roughly divided into three categories:The first category, mechanical trend trading that traders buying and selling completely rigid, such as mechanization, when a bullish signal occurs, buy admission; short signal occurs, then the approach to sell. This type of chart used by tools such as:
(1) point-shaped mapping technique; (2) moving average line; (3) RSI line; (4) K. D-line.
Mechanical Exchange Act of note: first, in full accordance with this method of trading; second to Rennai Zhu irregular changes in currency exchange market.
The second category, the trend line trading
Refers to the use of this tool is line technical knowledge to determine market transactions, should always take the long-term trend line (weekly or monthly line) of the trend, the market exchange rate to find the support and resistance.
Common analysis tools are:
(1) Long-term lines (weekly and monthly line): support and resistance lines, trend lines, chart patterns.
(2) Daily Chart: secondary and the main trends, a typical graphic form, the trend line (short term), prices assay. Such as: support and resistance levels, head and shoulders top type, triangle type, gapped, 50% adjustment.
(3) technical data analysis. Is the use of a variety of foreign exchange after the close of the day's trading volume and open interest changes in the contract to analyze the impact of future market trends. For example: the amount of trading volume and open interest, the balance of transaction fees, commodity trading report, commodity supply and demand reports.
Previous [1] [2]