Do Japanese Candlestick Patterns Help Identify Profitable Trading Opportunities? An Analysis on Selected Forex Markets

الموضوعات

اقتصاد

الملخص

Japanese candlestick charts were first introduced to the Western world in 1989 by Steve Nison. No one in the West got to know about the Japanese technical analysis before the first edition of his textbook, and no charting packages included them either prior to the first edition. Japanese candlestick patterns have become very popular since then. Japanese candlestick patterns are technical trading rules that are used to predict price directions based on the relationship between opening, high, low and closing prices. Currently many market participants are implementing Japanese candle patterns as part of their robust trading systems. This research examines the profitability of four bullish and four bearish Japanese candlestick reversal patterns in seven foreign exchange currencies which represent both advanced and emerging foreign currency markets. These currencies include AUD/USD, USD/CAD, EUR/USD, GBP/USD, USD/INR, USD/JPY and USD/ZAR. The sample covers a 12-year span of 3,129 observations. The statistical z score test is used to test the statistical significance of the returns at 5% level for seven holding periods. The RSI is used with three candle patterns to further filter the results. The findings show strong evidence of some profitable candlestick reversal patterns in foreign currency markets.

روابط وملفات

الوثيقة في المستودع الخارجي عرض في AskZad

التعريف والنوع

رقم الوثيقة: fe023b00-5309-48db-b756-08960e04c596
رقم العقد: 0
نوع الوسائط: Crawler
نوع المحتوى: الرسائل العلمية
صيغة المصدر: رسائل ماجيستير
نوع الملف: pdf text
أسماء الملفات: 8838_1.pdf

بيانات النشر

ترجمة العنوان: هل تساعد نماذج الشموع اليابانية على إيجاد فرص تداول مربحة؟ تحليل لاسواق عملات اجنبية مختارة
ألقاب المؤلفين: [{"name_ar":" Aisha Ahmed Ameen","title_ar":"اعداد","title_en":"Preparation"},{"name_ar":" Elango Rengasamy","title_ar":"اشراف","title_en":"Supervision"}]
اللغة: English

المصدر والدورية

اسم المصدر: Do Japanese Candlestick Patterns Help Identify Profitable Trading Opportunities? An Analysis on Selected Forex Markets

المحتوى والصفحات

عدد الصفحات: 0

إشراف وإعداد

الإشراف: Elango Rengasamy
الإعداد: Aisha Ahmed Ameen

الاقتباسات الببليوغرافية

APA

Aisha Ahmed Ameen و Elango Rengasamy. (2013). Do Japanese Candlestick Patterns Help Identify Profitable Trading Opportunities? An Analysis on Selected Forex Markets. أطروحة(رسائل ماجيستير). كلية إدارة الأعمال والقانون-الجامعة البريطانية في دبي. الامارات .

MLA

Aisha Ahmed Ameen و Elango Rengasamy. Do Japanese Candlestick Patterns Help Identify Profitable Trading Opportunities? An Analysis on Selected Forex Markets. 2013. كلية إدارة الأعمال والقانون-الجامعة البريطانية في دبي، رسائل ماجيستير.