If the foreign exchange market is ____ efficient, then technical analysis is not useful in forecasting exchange rate movements.
A)weak-form
B)semistrong-form
C)strong-form
D)all of the above

Question

Quizplus · Accepted Answer

In an efficient foreign exchange market, regardless of the level (weak-form, semistrong-form, or strong-form), current prices reflect all available information. Therefore, technical analysis, which relies on historical price and volume data, would not provide an advantage in forecasting future exchange rate movements.

If the Foreign Exchange Market Is ____ Efficient, Then Technical