Yesterday’s session marked the end of the first month of 2023 with all three large cap US stock market indices…
Read MoreYesterday’s session marked the end of the first month of 2023 with all three large cap US stock market indices…
Read MoreThe USD remained relatively unchanged against its counterparts yesterday as the market awaits the Fed’s interest rate decision later today.…
Read MoreThe USD edged a bit higher yesterday against its counterparts as the market has started to be more cautious ahead…
Read MoreThe greenback edged a bit higher against its counterparts on Friday, yet overall tends to remain rather stable given also…
Read MoreThe USD found support yesterday after a series of upbeat economic data. Yesterday, the results of the GDP Advance showcased…
Read MoreToday, the market’s attention is expected to shift towards the crucial preliminary quarter-on-quarter GDP estimate for Q4 as the results…
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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.