Trading decisions are based on traders’ assessments of the potential future movements of an asset through the use of analysis. Because of this, it is a crucial tool for traders to use in their daily trading routine in order to make the best judgments based on the technical and fundamental characteristics of an asset. Fundamental analysis is based on the state of the economies of the countries, their prospects for the future, and especially their central banks’ intended interest rate actions. Technical analysis emphasizes the repetition of well-known chart patterns, past price movement, and other aspects.