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With worries about the spread of the coronavirus still present and the UK leaving the EU, marking the end of…
Read MoreWith worries about the spread of the coronavirus still present and the UK leaving the EU, marking the end of…
Read MoreYesterday, the FOMC decided unanimously to keep unchanged its current federal funds rate at +1.5% to +1.75% percent. The most positive comment made…
Read MoreToday, during the American session (19:00, GMT), we get FOMC’s first interest rate decision for 2020, with the new voting members as per the…
Read MoreGold as well as JPY strengthened yesterday and during today’s Asian session as the US announced that two top Iranian…
Read MoreThe Aussie continued to rise yesterday and during today’s Asian session as the currency hit a five month high against…
Read MoreThe USD was on the retreat during Monday’s Asian session as the light trading near year end seems to be…
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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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