USD wobbles amid conflicting fundamentals The USD remained stable, with markets focusing on the US-Iran conflict and worries for inflationary…
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USD wobbles amid conflicting fundamentals The USD remained stable, with markets focusing on the US-Iran conflict and worries for inflationary…
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Canada’s June CPI rates in the forefront There were mixed signals in the FX market today, with the USD possibly…
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US stock markets close distinctly lower The tech sector suffered substantial losses, dragging Nasdaq and the S&P 500 lower. US…
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Pound rallies in anticipation of the new UK Labour Government In the FX market the main move yesterday may have…
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Inflation eases in the US economy The US CPI rates for June came in lower than expected, weighing on the…
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June’s US CPI rates Market focus is expected to be placed on the release of the US CPI rates for…
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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.