Earlier on today, during the Asian trading session, Japan’s GDP rate for Q1 came in better than expected. The better-than-expected…
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Earlier on today, during the Asian trading session, Japan’s GDP rate for Q1 came in better than expected. The better-than-expected…
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The week is drawing to a close and we open a window at what next week has in store for…
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With the USD remaining relatively stable yesterday, market attention today is expected to turn towards the release of the US…
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The USD edged higher yesterday yet lost any gains made in today’s Asian session. The markets seem to have shifted…
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The upward movement of US equities seems to be on the rise for a second week in a row. In…
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The Bank of Canada’s interest rate decision is set to occur during today’s American session. In particular the majority of…
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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.
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