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What are Technical Analysis Fundamentals

Generally speaking technical analysis is a formula to calculate short term market prediction. Where the market trend is heading. The formula that most traders use of Fibonacci. Measure the graph from bottom to top for each recent market trend.

Fundamentals is where the volatility becomes in, all the breaking news and microeconomics calendar. In later chapters I will tell which significant monthly and weekly calendar days you must be aware of. For instance every Friday on first month nonfarm payroll report data is published and market volatility is very high for EUR/USD. There are many others I will tackle those in later chapters with examples.

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