USD – October’s US CPI rates to be the next test for the greenback The USD seems about to end…
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USD – October’s US CPI rates to be the next test for the greenback The USD seems about to end…
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US stock markets, deep in the red US stock markets tumbled yesterday as market worries for the AI sector resurfaced.…
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Oil tumbles as hopes for diplomacy in the Middle East rise In maybe the most influential market movement yesterday, oil…
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Democrats seem to be winning in a landslide The blue wave is sweeping the markets as the Democrats seem about…
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US elections could shake the markets The USD continued to weaken in the FX market yesterday. The US midterm elections…
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The US midterm elections, are in the market’s focus, as nothing less than US President Trump’s total control over the…
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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.