short term perspective

To get an idea about the short term perspective of currency pairs a trader can use technical analysis. Various technical indicators like pivot point; MACD, moving average, candle stick charting, etc. are various weapons in front of the forex traders. And when a trader lacks expertise about fundamental analysis we can easily use technical analysis to take decision within short period of time. However, a trader should try to use a combination of both technical analysis and fundamental analysis.

Technical analysis also can be used to find places with suitable risk-reward ratio to open mid-term trade, based on fundamentals. Of course, sometimes it is difficuilt to understand the fundamental situation. In such cases, trader can use technical analysis to find out about the bias and behaviour of the other traders to outline his own approach.

So far this is just blah blah blah.