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Technical Analysis Debunked: 5 Reasons why we don't believe in Charting
The cult of technical analysis and day trading seems to grow and grow. The Web is crawling with technical analysis (TA). Tax changes have created a boom in spread betting, and hundreds of courses have ...
Read more...Trading Strategy Development With Technical & Fundamental Analysis
LONDON, January 20, 2012 /PRNewswire/ --Do you use charts and statistics to forecast future price movements or do you rely on social and economic news to influence your trading strategies? City Index ( ...
Read more...GBP/USD Forecast February 1, 2012, Technical Analysis
GBP/USD had a strong day on Tuesday as it continued its bullish run of late. The market is certainly dumping the Dollar in this pair, and the push to the 1.58 level was a good sign of strength. However, the level did hold, and this shows that perhaps we are running out of steam at this point.
Read more...GBP/USD Forecast January 26, 2012, Technical Analysis
GBP/USD had a sharp fall in the earlier hours of Wednesday, only to reverse and shoot straight up after the Federal Reserve's promise to keep rates low until the end of 2014. Negative GDP numbers saw the pair falling in the morning though, and over time, this should be a serious concern for the markets involving the pound.
Read more...GBP/USD Forecast January 19, 2012, Technical Analysis
The GBP/USD pair shot straight up on Wednesday as traders took on more risk for the session. However, the pair is currently at the bottom of a massive consolidation pattern from just a couple of session back, and will find the 1.55 level to be very resistive. Because of this, we actually prefer the downside at the moment, but will have to wait in order to see if we get that signal.
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