Fundamental analysis depends on technical analysis

[HOLA]

Fundamental analysis and technical analysis are two distinct methods used by traders to analyze financial markets. While they may be used together in some cases, fundamental analysis does not depend on technical analysis, and vice versa.
Fundamental analysis is an approach that focuses on the underlying economic and financial factors that affect the value of an asset. Traders who use fundamental analysis will examine factors such as economic indicators, company financial statements, and geopolitical events to identify trading opportunities. The goal of fundamental analysis is to determine the intrinsic value of an asset and whether it is overvalued or undervalued in the market.
On the other hand, technical analysis involves analyzing past price and volume data to identify patterns and trends in the market. Technical traders use charts and technical indicators to identify potential trading opportunities based on historical price movements. The goal of technical analysis is to identify trends and patterns that can be used to predict future price movements.
While some traders may use both fundamental and technical analysis in their trading strategies, it is not accurate to say that one depends on the other. Fundamental analysis is based on underlying economic and financial factors that may have little to do with past price movements. Technical analysis, on the other hand, is based solely on historical price data and does not consider underlying economic or financial factors.
In conclusion, fundamental analysis and technical analysis are two distinct methods used by traders to analyze financial markets. While they may be used together in some cases, they are not dependent on each other. Traders may choose to use one or both methods based on their individual trading strategies and goals.

 

[selena1]

This is a well-explained overview of fundamental and technical analysis. It is important for traders to understand the differences between these two methods and how they can be used to analyze financial markets. While both methods have their own strengths and weaknesses, traders should choose the method that suits their trading style and goals. Combining both methods can provide a more comprehensive analysis, but it is not necessary to rely on one method over the other. Ultimately, traders should conduct their own research and analysis to make informed trading decisions.

 

[uptrendfinancialsignal]

I will not totally say that the fundamental analysis is dependent on the technical analysis because the fundamental analysis itself is a way to analyse the forex market and the technical analysis is also a way to analyse the forex market but it is possible for a trader to combine both the fundamental and technical analysis in order to make an informed decision. Relying on only one analysis wouldn't be enough to make reasonable judgement of the forex market and that is why it is advisable to juggle both the fundamental and technical analysis to make an informed decision .

 

[marym]

Technical analysis is the outlook for how a financial price will move in the future based on an examination of past price movements. Technical analysis is very similar to a weather forecast that predicts rain, snow, or if your favorite team is going to cover the spread. You can gather the information you have and make an educated guess or assumption that is used
. Charts in technical analysis to show how high and low a price has gone over a longer period of time Some of the charts used are the line chart, which is the basic type of chart and is a single point chart of the price of a security The next is the bar chart, which is the most common way to chart the price of a security A bar chart provides a chart per unit
price (open high low close) for each period The final example is a candlestick chart which is a chart of the price of a security using all four price points (open high low close)

To keep up with the discussion of the importance and influence of charts in technical analysis, here are the things a chart helps us discover:
Trend: This is achieved using trend lines, peak analysis, or moving averages
Support: Congestion areas and also previously low areas below the current price indicating support levels
Resistance: areas Congestion with previous high above current price tag and resistance levels
Momentum: Momentum is usually used to measure the oscillator with things like
buying/selling pressure: Selling pressure becomes dominant when it drops below zero
Relative Strength: This plot on this line over a larger time period is able It will let you know if a stock is outperforming, rising as many call it, underperforming, or falling behind the main index