Acta Univ. Agric. Silvic. Mendelianae Brun. 2004, 52, 157-166
Published online 2015-06-17

Performance of technical indicators in forecasting high-frequency foreign exchange rates

Václav Mastný

Ústav financí, Mendelova zemědělská a lesnická univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika

This paper deals with technical analysis and its forecasting ability in the intradaily foreign exchange market. The objective of this study is to investigate whether technical indicators are able to provide prediction superior to „buy and hold“ strategy. Each indicator is tested with series of parameters in time series of different frequency (5, 15, 30, 60 min). The profitability of each indicator is examined in simple trading modell.


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