Price prediction is the most important thing in forex trading and for that matter stock trading. If you can predict daily and weekly candle with a fair degree of accuracy you can make a lot of pips. Read this post in which we discuss how to use Multivariate Adaptive Regression Splines MARS in forex trading. We give you the rough idea but if you work, you can develop a good predictive model. Regression splines try to fit polynomials of lower order to the data instead of straight line as in regular regression.
