Technical Analysis in Foreign Exchange - The Workhorse Gains Further Ground

Thomas Gehrig and Lukas Menkhoff

Hannover Economic Papers (HEP) from Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät

Abstract: This work extends earlier survey studies on the use of technical analysis by considering flow analysis as a third form of information production. Moreover the survey covers FX dealers and also the rising fund managers. Technical analysis has gained importance over time and is now the most equally spread kind of analysis. It has by far the greatest importance in FX dealing and is second in fund management. Charts are used for shorter-term forecasting horizons while flows dominate at the shortest-term and fundamentals at longer horizons. Preferred users of each kind of analysis exhibit different views about market frictions.

Keywords: foreign exchange markets; technical analysis; flow analysis; fundamentals; fund managers (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2003-03
New Economics Papers: this item is included in nep-fin, nep-fmk and nep-ifn
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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