Forex fundamental analysis is a complex and thorough method of predicting the situation on the international currency market. Unlike technical analysis, which takes into account only fluctuations in the exchange rate, fundamental analysis proceeds from the fact that many factors affect the value of a currency.
The results of the fundamental analysis of the Forex market in Africa and the conclusions of analysts will be useful for traders who trade currencies of African countries.
Complex of factors for fundamental analysis of the Forex market in Africa.
Fundamental analysis is carried out by leading analysts and experts of the Forex market in Africa. In order to make the most accurate and detailed forecast, they take into account a combination of factors. These factors can be divided into 4 groups:
After analyzing the whole range of factors, analysts make a forecast of the exchange rate of currencies of African countries. The accuracy of this forecast is very high for countries in which the political and economic situation is stable. Force majeure factors are the most difficult to predict in fundamental analysis. Natural disasters, social unrest, power grabs are hard to foresee. But these catastrophes greatly affect the exchange rates.
Benefits of Fundamental Analysis for Forex Traders.
Fundamental analysis of the Forex market in Africa will be useful for traders and investors. The conclusions and forecasts of experts will allow you to make the right decision to buy or sell a particular currency. After reviewing the results of the analysis, traders will be able to conclude profitable deals or get rid of the currency in time, the rate of which will soon begin to decline.
Also, forecasts and conclusions obtained by the method of fundamental analysis are necessary for investors. This forecast has the highest accuracy and reliability. It will be of interest to market participants earning on long-term investments at the currencies of the countries of Africa.
30 December 2019 - 03 January 2020 |
weekly
forecast 30 December 2019 - 03 January 2020
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2019 - 2020 | EURUSD | GBPUSD | USDJPY |
03 January | EURUSD trading plan: We are expecting an uptrend to develop. A bullish rally in the gold market will have a positive impact on the value of the Euro. Gold prices rose to their highest in more than three months. The precious metal has risen some 2% against the dollar since the Christmas break. Globa | GBPUSD trading plan: Good and bad news for the British currency. British factory output fell in December at the fastest rate since July 2012. The output gauge in the IHS Markit/CIPS UK Manufacturing Purchasing Managers' Index fell to 45.6 from 49.1 in November. Readings below 50 denote contraction. | USDJPY trading plan: U.S. President Donald Trump said on Tuesday the U.S.-China Phase 1 trade deal would be signed on Jan. 15 at the White House. This is a good signal for the stock market and USD JPY, which has a correlation with the shares. Additional support for stock markets will be provided by |
02 January |