At its heart, technical analysis represents the study of price trends (or anticipated trends). In price terms, at their most basic, these can be divided into uptrends and downtrends. Within such trends, we see points where little price action occurs and conversely other points reflecting substantial price action and market tension. The idea behind support [...]
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 [...]