The greenback was on the rise against its counterparts yesterday as US President Trump, practically refrained from prior threats made…
Read MoreWatch daily commentary and make informed trading decisions
The greenback was on the rise against its counterparts yesterday as US President Trump, practically refrained from prior threats made…
Read MoreThe USD renewed its bearish tendencies against its counterparts as besides the uncertainty caused by Trump’s trade wars, the US…
Read MoreThe ECB’s interest rate decision is set to occur later on today. The majority of economists are currently anticipating the…
Read MoreAfter some intense trading, US stockmarkets seem to be stabilising somewhat, yet the overall situation remains very fragile as the…
Read MoreThe Bank of Canada’s interest rate decision is set to occur later on today. The majority of market participants are…
Read MoreThe Trump administration has disclosed probes into pharmaceutical and semiconductor imports. The reports by the Department of Commerce aims to…
Read MoreTechnical 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
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