The USD remained relatively stable against its counterparts yesterday, as the market worries about a possible contagion of the crisis…
Read MoreThe USD remained relatively stable against its counterparts yesterday, as the market worries about a possible contagion of the crisis…
Read MoreUS stock markets managed to maintain the support they gained last week, with prices remaining relatively stable. It could appear…
Read MoreUSD remained relatively stable against its counterparts yesterday, maybe rescued by safe-haven inflows. Also, the unexpected improvement of the consumer…
Read MoreGBP was on the rise against the USD yesterday and on the monetary front, BoE’s Bailley’s speech was hawkish in…
Read MoreUSD tended to edge higher on Friday while Fed’s Bullard on Friday stated “Even with considerable forward guidance, it is…
Read MoreWith market worries easing after UBS took over Credit Suisse and the Fed’s interest rate decision, we are about to…
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.
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