Forex analysis is how traders assess the next moves a currency pair is about to take, providing insights for taking a position. For this reason is an essential tool for traders to make the best decisions in their daily trading routine, based on the fundamental and technical aspects of an asset. Fundamental analysis is based on the countries' economic situation, future prospects, and primarily what central banks plan to do with interest rates. Technical analysis focuses on previous price action, the repeat of well-known chart patterns, and other factors. Forex analysis could have only a fundamental view, a technical one, or a mix of both. They offer forex traders an insight into how an asset could move, taking into account all the elements that could affect it. That's why every forex trader should conduct a thorough analysis in order to make the best investment decisions and maximize profits.