Futures Technical Analysis Importance For Finances

By Sarah Turner


When talking about finance, technical analysis is a type of method for security analysis in order to forecast the direction of all the prices through studying the past data of market, usually the price and the volume. Two common fields that are using this kind of method are the behavioral economics and the quantitative analysis. This method has become one of the aspects of active management and also, its efficacy, together with fundamental analysis is being debated by market hypothesis in which it states that the prices are very unpredictable.

The job of fundamental analysts is to examine the quality, earnings, ratio, dividends, new products, assets, research, etc. Many methods are already being used by most people but the most common is the chart. Through using the charts, to do futures technical analysis is made so much easy to identify the patterns of the prices and also the market trends in financial market and to exploit the patterns.

The technicians are going to search on the patterns such as the head and shoulders or double bottom or top reversal pattern, to study about technical indicators, to move the averages, and to look for forms like resistance, lines of support, channels, and some other forms that are obscure such as pennants, handle and cup patterns, flags, and balance days. They also use many kind of indicators and some of these are the mathematical transformation of prices. This transformation often includes up and down volumes and advanced or declined data and other type of inputs.

And also, they look at the relationships in between the indices of volume and price and as well as indicators. Examples for this are MACD, moving averages, and relative strength indices. Some other indicators that are also important are bear or bull ratios, implied volatility, call or put ratios, short interest, etc.

Many kinds of techniques are used for technical methods and the most common in use today is subjective judgment. This is in use for deciding the pattern to be reflected by an instrument and the interpretation of such pattern. Some technicians will use systematic or mechanical approach for interpreting and identifying patterns.

In contrast with it, the fundamental method is a study about the economic factors that will influence on how the investors will price their financial markets. In technical method, it is stated that the prices are already reflected to the fundamental factors. Some traders use either of the two methods while others use both.

The technical method is being used widely by different traders and other financial professionals and usually, it is used by the market makers, pit traders, and day traders. But users have stated that this cannot be able to predict the future, but instead, helps in identifying the trading opportunities. This is because its evidences are sparse and inconsistent.

One main principle on this method is prices reflect the relevant information. This is done so that the analysis will look on the trading security pattern history rather than external drivers. The drivers are economic, news, and fundamental events.

There are three basic principles that the analysts believe. These include market action that discounts everything, prices will move in trends, and history will tend to repeat itself. Thus, the action of price will tend to repeat because the investors will continue tending towards the patterned behaviors.




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