September’s preliminary PMI figures in focus The USD continued to strengthen in the FX market yesterday and today we note…
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September’s preliminary PMI figures in focus The USD continued to strengthen in the FX market yesterday and today we note…
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JPY remains weak in the FX market JPY continued to weaken in the FX market against the USD, EUR and…
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Since our last report Gold’s price, appears to be moving in a sideways trajectory. In today’s report we are to…
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USD – Hawkish Fed could provide support for the USD With the Fed’s interest rate decision out the calendar for…
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JPY weakens across the board JPY weakened across the board yesterday, despite BoJ hiking rates as expected. The bank raised…
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The Fed shakes the markets The Fed proceeded with its first rate hike since 2023, as was widely expected. It…
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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.