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Technical Analysis in the Foreign Exchange Market: A Layman’s Guide Christopher J. Neely Technical analysis suggests that a long-term rally frequently is interrupted by a short-lived decline. Such a dip, according to this view, reinforces the original uptrend. Should the dollar fall below 1.5750 marks, dealers said, technical signals would
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Working Paper 2011-001B by Christopher J. Neely and Paul A. Weller This article introduces the subject of technical analysis in the foreign exchange market, with emphasis on its importance for questions of market efficiency.
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