The new coronavirus remains a main concern for the markets, foremost for the deaths it claims, however also for the…
Read MoreWatch daily commentary and make informed trading decisions
The new coronavirus remains a main concern for the markets, foremost for the deaths it claims, however also for the…
Read MoreToday during the American session (13:30, GMT) we get the US employment report for January. The forecasts are for the unemployment rate to remain…
Read MoreThe USD strengthened against a number of its counterparts as US financial data showed the picture of a solid economy ahead of the US…
Read MoreThe Aussie continued to strengthen against the USD yesterday in the aftermath of RBA’s interest rate decision and during today’s Asian session got a…
Read MoreAs was expected, RBA remained on hold at +0.75% and the Aussie jumped some 40 pips against the USD, in the minutes following the announcement.…
Read MoreTomorrow during the Asian session (03:30, GMT) we get RBA’s interest rate decision and the bank is expected to remain on hold at…
Read MoreTechnical 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
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