Which of the following statements regarding technical analysis of exchange rate forecasting is/are correct?. Chartists...
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Finance
Which of the following statements regarding technical analysis of exchange rate forecasting is/are correct?. Chartists use graphs to detect trends rather than using statistics; patterns they identify may be spurious.i. Moving-average crossover rules suggest to go long in the foreign currency when the short-term moving average crosses the long-term moving average from above.ii. When a trading range is broken, a sudden rise or fall is expected; such a sudden rise or fall is called a resistance leveliv. Non-linear models apply Darwinian-like, natural-selection process to filter rules applied to past data that eventually breed the "best" trading rules.
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