Euro rises on U.S.-China tensions? Reading charts from fundamental analysis

For those involved in FX, what criteria do you use when choosing the currency pairs you trade?

If you leverage technical analysis, you might decide based on currency strength indicators, ADX, or the daily range.
In any case, isn't finding charts with high volatility and a large trend the first step to generating substantial profits?

From a fundamental perspective, when you survey the entire investment market, you can identify markets that attract large sums of money. Then you can ride the big trend even without technical analysis.

Ere-san'sDaily Report by Line Trading & Fundamental AnalysisHere, while noting where the investment markets' main streams lie, we break down where funds are currently heading across each market from a fundamental analysis perspective.

As of the most recent July 217/21 Stock Market Analysis & Current Fundamentals AnalysisFrom the perspective of US–China frictions, it is pointed out that the euro may become the focus going forward.

This part is normally paid content, but we are releasing it with Ere-san's cooperation.

Looking at the FX market with the above fundamental direction in mind, you will be able to view charts from a different perspective again.

7/22 Forex Market AnalysisIn the chart analysis, we analyze the rise of the EUR/USD within a channel and look for entry points, but

There are no opportunities today, and other currency pairs with opportunities were presented.

Personally, in addition to horizontal-line analysis, I found how to draw parallel channels to be very instructive.
If you can catch pullbacks that horizontal lines alone cannot capture using parallel channels, your trading range may widen.

Along with fundamental analysis, this is an ideal learning material for those who want to learn how to draw the guidelines for line trading and how to draw channels.

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written by Tera GogoJungle Marketing