In FOREX Market the news divided in two categories; technical news & fundamental news, after collecting the data about this news you have to distinguish between the previous news, forecasted (predicted) news & Actual news. Then you will see a war between the bull (raise in prices) & bear (declination in prices) that cause fluctuations in prices according to the demand & supply between traders & brokers.
Price reflects the perception and action taken by the market participants. It is the urgency between buyers and sellers in the trading pit that creates price movement. Thus, all fundamental factors are quickly discounted in price. Therefore, by studying the price charts, you are indirectly seeing the fundamental and market psychology all at once - after all the market is feed by two emotions - Greed and Fear and once you understand that, then you begin to understand the psychology of the market and how it relates to the chart patterns.
Data Window.
Most computer programs will display a small box of data usually called a display window which will contain the following items:
O = Opening Price
H = Highest Price
L = Lowest Price
C = Close or Last Price
Tr = Volume or number of trades (not contracts) in that time period.
