Examining the Use of Technical Currency Analysis

Lukas Menkhoff

International Journal of Finance & Economics, 1997, vol. 2, issue 4, 307-18

Abstract: Although the use of technical analysis in foreign exchange markets is well known, enduring and possibly profitably used, it is not well understood. In this paper implications of the efficient market hypothesis for the use of technical currency analysis are examined by an evaluation of the response to a postal questionnaire by foreign exchange professionals in Germany. The results indicate that technical currency analysis should be interpreted not as either a marginal phenomenon or representing secondary information or a self-eliminating or second-best strategy, but possibly as a kind of self-fulfilling prophecy. Copyright @ 1997 by John Wiley & Sons, Ltd. All rights reserved.

Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (94)

Downloads: (external link)
http://www3.interscience.wiley.com/cgi-bin/jtoc?ID=15416 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ijf:ijfiec:v:2:y:1997:i:4:p:307-18

Ordering information: This journal article can be ordered from
http://jws-edcv.wile ... PRINT_ISSN=1076-9307

Access Statistics for this article

International Journal of Finance & Economics is currently edited by Mark P. Taylor, Keith Cuthbertson and Michael P. Dooley

More articles in International Journal of Finance & Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().