Forex Basics Technical Analysis have two factors :
Some people argue that the exchange rate was not influenced by fundamental factors, but rather is a pattern of repetition from time to time, so the actual direction of these changes can be predicted by using the data – data that has been past.
Psychological Factors :
Requests or offers of market participants based on estimates / expectations about future developments in the exchange rate by buying a currency when rates are low and likely to sell after the currency exchange rate rose or vice versa in order to benefit from these transactions (investments / speculation)
Currency Trading Mechanism :