Technical Trading and Testing of Intra-day Market Efficiency in the Foreign Exchange Market

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F14%3A43887545" target="_blank" >RIV/60076658:12510/14:43887545 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Technical Trading and Testing of Intra-day Market Efficiency in the Foreign Exchange Market

Popis výsledku v původním jazyce

Due to the growing interest of investors in intra-day trading it is necessary to pay even more attention to the analysis of the microstructure of financial markets. This article analyses the behaviour of the exchange rate EUR/USD at short intervals. Thebase aim of this paper is to verify the possibility to reach the "above average return" through automated trading systems based on technical analysis. In the case that, the selected strategies will be achieved above average profits, it is possible to reject the efficient market hypothesis in its weak form. Otherwise, it can be argued that it could not disprove the hypothesis of efficient market in a very short time intervals and movement of the exchange rate EUR/USD is not predictable.

Název v anglickém jazyce

Technical Trading and Testing of Intra-day Market Efficiency in the Foreign Exchange Market

Popis výsledku anglicky

Due to the growing interest of investors in intra-day trading it is necessary to pay even more attention to the analysis of the microstructure of financial markets. This article analyses the behaviour of the exchange rate EUR/USD at short intervals. Thebase aim of this paper is to verify the possibility to reach the "above average return" through automated trading systems based on technical analysis. In the case that, the selected strategies will be achieved above average profits, it is possible to reject the efficient market hypothesis in its weak form. Otherwise, it can be argued that it could not disprove the hypothesis of efficient market in a very short time intervals and movement of the exchange rate EUR/USD is not predictable.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Acta Universitatis Bohemiae Meridionales : vědecký časopis pro ekonomiku, řízení a obchod

ISSN

1212-3285

e-ISSN

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Svazek periodika

17

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

11

Strana od-do

3-13

Kód UT WoS článku

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EID výsledku v databázi Scopus

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