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The USD strengthened substantially against its major counterparts yesterday, while US stock markets tumbled as uncertainty was on the rise…
Read MoreThe USD strengthened substantially against its major counterparts yesterday, while US stock markets tumbled as uncertainty was on the rise…
Read MoreUSD seemed to retreat against a number of its counterparts yesterday while some stabilisation took place during the Asian session…
Read MoreAfter the announcement on Friday that US President Trump tested positive for COVID 19 the USD tended to remain rather…
Read MoreThe main focus for traders today is possibly the US employment report for September to be released in the early…
Read MoreThe USD had some marked gains against a number of its counterparts on Friday and during today’s Asian session as…
Read MoreToday’s economic calendar is important for various instruments as the financial releases are from all around the world and volatility…
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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.