Technical Analysis in the Foreign Exchange Market: A Layman's Guide (ICPSR 1177)

Version Date: Oct 6, 1998

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Principal Investigator(s):
Christopher J. Neely, Federal Reserve Bank of St. Louis

https://doi.org/10.3886/ICPSR01177.v1

Version V1

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Summary

Economists have traditionally been skeptical of the value of technical analysis, the use of past price behavior to guide trading decisions in asset markets. Instead, they have relied on the logic of the efficient markets hypothesis. This research briefly explains the fundamentals of technical analysis and the efficient markets hypothesis as applied to the foreign exchange market, evaluates the profitability of simple trading rules, and reviews recent ideas that might justify extrapolative technical analysis.

Citation

Neely, Christopher J. Technical Analysis in the Foreign Exchange Market:  A Layman’s Guide. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 1998-10-06. https://doi.org/10.3886/ICPSR01177.v1

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Distributor(s)

Inter-university Consortium for Political and Social Research
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Data Collection Notes

  1. (1) The file submitted is SO97DPGN.ZIP, which unzips to data and program files, along with a README file. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

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Original Release Date

1998-10-06

Version History

2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:

  • Neely, Christopher J. Technical Analysis in the Foreign Exchange Market: A Layman's Guide. ICPSR01177-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 1998-10-06. http://doi.org/10.3886/ICPSR01177.v1

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