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The USD tended to gain some ground against other major currencies yesterday, possibly preparing for the best week in the…
Read MoreThe USD tended to gain some ground against other major currencies yesterday, possibly preparing for the best week in the…
Read MoreThe common currency maintained a steady course against the USD, while tended to relent some ground against the pound and…
Read MoreThe USD tended to gain ground against its major counterparts yesterday as the uncertainty in the markets seems to remain…
Read MoreThe USD wobbled near a 3-week low, against a number of counterparts as despite yesterday being on the retreat, during…
Read MoreUSD lost ground against its counterparts on Friday yet during today’s Asian session seems to have found some support. It…
Read MoreWith three weeks left until the US Presidential elections, tensions in the US are high. Fiscal stimulus talks may be…
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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.