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A was widely expected RBA remained on hold at +0.75% today, yet the accompanying statement strengthened the Aussie somewhat. In…
Read MoreA was widely expected RBA remained on hold at +0.75% today, yet the accompanying statement strengthened the Aussie somewhat. In…
Read MoreAustralia’s retails sales growth rate release showed a surprise slowdown, confusing Aussie traders somewhat during today’s Asian session. Albeit there…
Read MoreToday at 12:30 (GMT), the US employment report for October with its Non-Farm Payrolls Figure is due out. The release…
Read MoreBy leaving behind us a very active week, we orient ourselves towards next week’s events which could move the markets.…
Read MoreAs was widely expected the Fed delivered its third consecutive rate cut lowering the Fed Funds target rate to +1.75%.…
Read MoreToday during the late American session (18:00, GMT), the FOMC will be releasing its interest rate decision. The market widely…
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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.