Detecting buying and selling territories in the foreign currency exchange market
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Islam, Tuba and Kapinchev, Konstantin (2023) Detecting buying and selling territories in the foreign currency exchange market. In: 16th International Conference on Signal Processing and Communication System (ICSPCS), 6th - 8th September 2023, Bydgoszcz, Poland. Institute of Electrical and Electronics Engineers (IEEE), Piscataway, New Jersey, 01-06. ISBN 979-8350333510; 979-8350333503; 979-8350333527 (doi:https://doi.org/10.1109/ICSPCS58109.2023.10261149)
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Abstract
The foreign currency exchange market is known for its unpredictability, making it a challenging environment for traders. The possibility to forecast with a certain degree of accuracy the directions of future price movements is a key component of successful trading. This paper presents a financial model, based on novel trading strategy. This strategy combines technical indicators, such as Moving Average and Relative Strength Index, which are calculated based on historical market data. Based on these technical indicators, buy and sell signals can be generated. These signals help define buying and selling territories within the data. As a result, the proposed financial model can identify potentially profitable trading opportunities, which can be applied in the foreign currency exchange market.
| Item Type: | Conference Proceedings |
|---|---|
| Title of Proceedings: | 16th International Conference on Signal Processing and Communication System (ICSPCS), 6th - 8th September 2023, Bydgoszcz, Poland |
| Uncontrolled Keywords: | technical indicators; moving average; relative strength index; buy and sell signals |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HG Finance Q Science > QA Mathematics > QA75 Electronic computers. Computer science |
| Faculty / School / Research Centre / Research Group: | Faculty of Engineering & Science Faculty of Engineering & Science > School of Computing & Mathematical Sciences (CMS) |
| Last Modified: | 09 Oct 2023 11:32 |
| URI: | http://gala.gre.ac.uk/id/eprint/44386 |
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