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The USD edged a bit lower yesterday against its counterparts, yet the overall picture of a sideways motion seems to…
Read MoreThe USD edged a bit lower yesterday against its counterparts, yet the overall picture of a sideways motion seems to…
Read MoreThe USD edged higher against its counterparts on Friday as some degree of uncertainty about the US CPI rates for…
Read MoreThe week we are about to leave behind us tended to move in a rather easy-going mood, yet the coming…
Read MoreThe USD remained relatively unchanged yesterday, allowing for other currencies to take the initiative. US stockmarkets were in the reds…
Read MoreThe dollar closed in the greens yesterday, lifted by the comments of numerous Fed speakers who keep pointing out the…
Read MoreLast week, the Fed’s interest rate decision alongside the hawkish comments from Fed Chair Powell failed to impede the ascent…
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.