At least in its modern version, technical analysis is generally seen as emanating from the “Dow Theory” established by Charles Dow at the start of the twentieth century. The core original ideas of technical analysis focused on the trending nature of prices, the idea of support and resistance and the concept of volume mirroring changes [...]
SPECULATIVE AND NON-SPECULATIVE FLOWS
While these flow and sentiment models vary, both in terms of the time span they focus on and the kind of information they look at, the basic premise behind them is the same — exchange rates are determined by the supply and demand for currencies, in other words by “order flow”. Over time, economic fundamentals [...]