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With the holiday season in many European countries and Northern America on and with worries for the path of the…
Read MoreWith the holiday season in many European countries and Northern America on and with worries for the path of the…
Read MoreThe US Dollar strengthened against a number of its counterparts remaining at rather high levels, as the markets maintain their…
Read MoreEUR/USD H1 Support: 1.1705 (S1), 1.1680 (S2), 1.1640 (S3) Resistance: 1.1765 (R1), 1.1805 (R2), 1.1835 (R3) Since the 6th of…
Read MoreThe USD weakened against a number of its counterparts yesterday, as the US CPI rates for July seem to have…
Read MoreThe USD tended to edge a bit higher against a number of its counterparts yesterday, while stockmarkets wobbled with little…
Read MoreThe greenback seemed to be rather downbeat yesterday, as there was little volatility in the markets, with the US stockmarkets…
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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