JPY unexpectedly rallies In a surprise move in the FX market, JPY strengthened across the board. JPY’s strengthening seems to…
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JPY unexpectedly rallies In a surprise move in the FX market, JPY strengthened across the board. JPY’s strengthening seems to…
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BoC expected to stand pat In today’s American session, we highlight from Canada, BoC’s interest rate decision. The bank is…
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Australia’s Q2 GDP rates eyed The FX market presented little volatility and on a fundamental level the rise of yields…
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Increased hawkishness by Fed’s Warsh Fed Chair Warsh, in his Jackson Hole speech, renewed the bank’s hawkishness, as he warned…
Read MoreUSD – August’s employment report to shake the USD The upcoming speech of Fed Chair Warsh, later today, is expected…
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USD about to end the week higher The USD continued to edge higher yesterday and in today’s Asian session. Market…
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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.