oussama94
05-28-2017, 23:34
However, it is important to take into consideration both strategies, as
fundamentals can trigger technical movements such as breakouts or trend
reversals, while technical analysis can explain moves that fundamentals
cannot, especially in quiet markets, such as resistance in trends. For example,
as you can see in Figure 3.4, in the days leading up to September
11, 2001, USD/JPY had just broken out of a triangle formation and looked
poised to head higher. However, as the chart indicates, instead of breaking
higher as technicians may have expected, USD/JPY broke down following
the terrorist attacks and ended up hitting a low of 115.81 from a high of
121.88 on September 10.
fundamentals can trigger technical movements such as breakouts or trend
reversals, while technical analysis can explain moves that fundamentals
cannot, especially in quiet markets, such as resistance in trends. For example,
as you can see in Figure 3.4, in the days leading up to September
11, 2001, USD/JPY had just broken out of a triangle formation and looked
poised to head higher. However, as the chart indicates, instead of breaking
higher as technicians may have expected, USD/JPY broke down following
the terrorist attacks and ended up hitting a low of 115.81 from a high of
121.88 on September 10.