Is it true that demand and supply analysis doesn't apply to forex?

For me it is totally false, applying demand and supply in forex is the key to the economic system in which we live, since everything is related to the goods and services offered and demanded in the market
 
No, this statement is not true. The whole Forex markets are based on the demand and supply forces. The prices of the instruments are also based on the demand and supply factors of those instruments. Many traders frame their strategy by speculating the changes in demand and supply of various instruments for the future to make profits.

So we can say that demand and supply have a major role in the forex markets.
 
Not True...I visit a room in the morning that is dedicated to trading Forex with Demand and Supply levels. Those live trades do not lie.
ES

helpme_please said:
Someone told me demand and supply analysis does not apply to forex. This is because currency can be printed by central banks. Look at QE. There is no finite supply for a currency because money can be printed. So, demand and supply analysis for forex is pointless.

So, what is the view of the more experienced forex players on this issue? Is it true that demand and supply analysis doesn't apply to forex? If yes, what are the implications when using technical analysis / chart analysis on forex?
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