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Multiple time frame analysis of the spot forex is by far the most thorough method of analyzing a currency pair. It takes time and effort but you will have all of the details in front of you on any pair or group of pairs when you analyze the market using this method. It is easy to set up some exponential moving averages on any pair on meta trader or any other charting platform. You can set up the indicators on 28 pairs in about 30 minutes. After you drill down the charts you will know what pairs are trending or cycling.