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House Speaker McCarthy(R) was ousted from his position during a challenge to his leadership by Republican Congressman Matt Gaetz. The…
Read MoreHouse Speaker McCarthy(R) was ousted from his position during a challenge to his leadership by Republican Congressman Matt Gaetz. The…
Read MoreJPY continued to weaken against the USD as the better-than-expected ISM Mfg PMI figure for September boosted the greenback across…
Read MoreThe USD tended to edge lower against its counterparts on Friday as consumption data slowed down as did the core…
Read MoreWith the week nearing its end, we note that the US Core PCE rates have yet to be released and…
Read MoreThe US Senate and House of Representatives are scrambling to pass through a last-minute deal which would avoid a US…
Read MoreOnce again, the US Government is facing a potential shutdown, as early as October 1st , in our report yesterday…
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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.
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