August’s US CPI rates to shake the markets The USD got some support in the FX market yesterday re-establishing its…
Read MoreAugust’s US CPI rates to shake the markets The USD got some support in the FX market yesterday re-establishing its…
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ECB expected to hike rates Market focus is expected to be placed on ECB’s interest rate decision today. The bank…
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JPY bulls in a china shop JPY continued to strengthen yesterday and during today’s Asian session, discouraging even further carry…
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In maybe the most impressive move in the markets yesterday JPY rallied, taking the markets by surprise once again. Despite…
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USD remains strong after a hotter-than-expected employment report for August The USD got a boost on Friday as the US…
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USD – August’s CPI rates in focus With the US employment data still to be released as these lines are…
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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.