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US stock markets rallied last week after the softer than expected inflation print reported last Thursday, reignited hopes that the…
Read MoreUS stock markets rallied last week after the softer than expected inflation print reported last Thursday, reignited hopes that the…
Read MoreThe USD edged lower yesterday after the release of the US PPI rates for October, slowed down more than expected,…
Read MoreThe USD seems to have been able to halt last week’s drop and stabilise in the first day of the…
Read MoreThe USD tended to stabilise, halting its drop after Fed Governor Waller made some hawkish comments late last Friday. Fed…
Read MoreAs we are leaving behind us an exciting week we take a peek at what next week has in store…
Read MoreThe US Dollar fell sharply yesterday to a fresh 8 week low, as the inflationary pressures eased more than expected…
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.