Technical Trading: Is it still beating the foreign exchange market?
Academics from the University of Hong Kong and University of Warwick have carried out a large-scale investigation of technical trading rules in the foreign exchange market, using daily data over 45 years for 30 developed and emerging market currencies.
Employing a stepwise test to counter data-snooping bias and examining over 21,000 technical rules, they found evidence of substantial predictability and excess profitability in both developed and emerging currencies, measured against a variety of performance metrics.
To read the research by the following academics, please click here
Po-Hsuan Hsu
School of Economics and Finance, University of Hong Kong
Mark P. Taylor
Warwick Business School, University of Warwick
Zigan Wang
School of Economics and Finance, University of Hong Kong
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