USD losing ground Despite some support being provided by the higher-than-expected September US CPI rates yesterday, the USD is taking…
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USD losing ground Despite some support being provided by the higher-than-expected September US CPI rates yesterday, the USD is taking…
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September’s US CPI Rates could shake the markets Market focus today is expected to be on the release of the…
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USD treads water The USD slipped in the FX market in today’s Asian session, relinquishing some of Monday’s gains. It…
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Since our last report Gold’s price, appears to be moving in a downwards trajectory. In today’s report we are to…
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Dollar steady in the FX market The USD remained relatively steady in today’s Asian session, yet the upward motion of…
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FOMC minutes due out today The FOMC’s September meeting minutes are set to be released today. The FOMC’s meetings minutes…
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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.