Which approach to forecasting exchange rate movements uses price and volume data to determine past trends?

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Technical analysis is the approach to forecasting exchange rate movements that uses price and volume data to determine past trends, and it is based on the idea that historical price and volume data can help predict future price movements. The other models listed do not rely on price and volume data exclusively. Behavioral equilibrium model involves incorporating psychological factors that influence market participants' decisions, interest rate parity equation model focuses on the relationship between interest rates and exchange rates, fundamental analysis involves analyzing economic factors that affect the value of a currency, and portfolio balance model involves analyzing the demand and supply of currencies based on the allocation of assets within a portfolio.

Which Approach to Forecasting Exchange Rate Movements Uses Price and Volume