USD corrects higher USD gained across the board in the FX market yesterday, even against the Yen, which clung largely…
Read More
USD corrects higher USD gained across the board in the FX market yesterday, even against the Yen, which clung largely…
Read More
JPY’s strengthening dominates the FX market The continuation of the strengthening of the JPY against the USD as the week,…
Read More
Fed remains on hold and the USD takes a hit The Fed remained on hold as was expected, yet the…
Read MoreHawkish expectations for the Fed lift the USD The greenback, despite a bad start yesterday, managed to rebound in the…
Read More
Oil prices drop as Middle East market worries ease Oil prices dropped in today’s opening as US and Iran halted…
Read More
USD gains on safe-haven inflows The USD gained in the FX market fuelled on a fundamental level by worries about…
Read More
Technical Analysts believe that every relevant market factor is already counted in the instrument’s price. As such, the only thing they need to analyse is the price movement.
Prices are always expected to form and follow trends, even at random. It is more likely for a price to continue a past trend than to move erratically.
Technical Analysts base their predictions on the observation that history tends to move in circles and thus repeat itself. They attribute historic price movement to market psychology based on fear or excitement. By trying to pinpoint these emotions when analysing chart patterns and understanding movement trends, analysts aim at predicting future price movement from market sentiment.
Peter Iosif
Senior Research Analyst
Chartered Accountant (ACA), Member of ICAEW
All trading involves risk. It is possible to lose all your capital.