Question

In terms of the approaches to exchange rate forecasting, _____ is based on the premise that there are analyzable market trends and waves and that previous trends and waves can be used to predict future trends and waves.

Answer 1

The answer is technical analysis.

Step-by-step explanation:

Technical analysis refers to the evaluation of a security's available data, which allows to predict future outcomes based on statistics. Some of the most common points of reference are the changes in the price of a given security, as well as its past trading activity.