Basically, supply and demand determine the value of currencies. To forecast the currency trend, totally there are two methodologies, which are fundamental and technical analysis. Different traders may interested in different method.

Fundamental Analysis

• Based on key economic indicators that can influence various currencies
• Studies cause of market movement
• Use present events to predict future
• Analysts will gain knowledge of charts analysis and indicators
• Find explanation of the current price
• Outcome is based on limited aspects at one time

Technical Analysis

• Basic on past performance of a currency, equity, position or future and exercise with mathematical calculations to predict future results.
• Studies the economical effect.
• Predict future with history.
• Analyst will gain knowledge of awareness of the fundamentals.
• Find accurate forecast of future
• Outcome is based on more than 150 different type of technical analysis