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The market tended to wobble yesterday with the release of the Fed’s last meeting minutes. The document showed the bank’s…
Read MoreThe market tended to wobble yesterday with the release of the Fed’s last meeting minutes. The document showed the bank’s…
Read MoreIn an easy-going Monday, the USD continued to weaken against its counterparts, as the market’s expectations that the Fed has…
Read MoreMarket sentiment seems to have improved somewhat yet uncertainty is still present. In the coming week, we note that on…
Read MoreThe USD stabilized somewhat yesterday yet is about to end the week in the reds after the release of lower-than-expected…
Read MoreThe USD recovered some of Tuesday’s losses against its counterparts yet is still pretty much lower than where the week…
Read MoreWe highlight the rise of US equities markets for a third week in a row and overall the positive market…
Read More
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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