EVER scratched your head about how financial experts predict whether the Ringgit will rise or fall against other currencies, particularly the U.S. Dollar? And why should you care?
Whether you’re planning a trip abroad or simply wondering why the prices of goods keep changing, this stuff matters. These predictions often rest on two pillars: ‘Technical Analysis’ and ‘Fundamental Analysis’.
Before glancing at key financial buzzwords like ‘Inflation’ and ‘Interest Rates,’ let’s begin with the ABCs of market forecasting, the three easy-to-use technical tools that may help to predict where currency markets might go next: ‘Support’, ‘Resistance’, and ‘Trend Lines’.
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