It should be clear by now that we are in an era where reliance on traditional approaches to analyzing currency markets is not sufficient in predictive effectiveness. In previous periods (pre-2008 collapse), technical and fundamental analyses were reliable methods for shaping currency trades. Forex traders could be in positions for days and even weeks. Today's markets are different. Central Bank monetary policies are punctuating price patterns and steering currency valuations. As a result, all eyes of market traders have been focusing on whether quantitative easing will continue. The consequence for traders has been a significant weakening of the value of both traditional technical and fundamental analytical approaches as predictive tools. Let's look closer at this conclusion.
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