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Regular version of the site

Article

Forex predicton with neural network: usd/eur currency pair

Actual Problems of Economics. 2013. Vol. 10. No. 148. P. 261-273.
Vukovic D., Vyklyuk Y., Jovanovic A.

In this paper we investigate and design the neural networks model for FOREX prediction based on the historical data movement of USD/EUR exchange rates. Given that the model analyzes historical data of exchange rates, neural networks can be used as an important technique of technical analysis. Unlike many other techniques of technical analysis which are based on price trends analysis, neural networks offer autocorrelation analysis and the estimation of possible errors in forecasting. This theory is consistent with the semi-strong form of the efficient markets hypothesis. The empirical data used in the model of neural networks are related to the exchange rate USD / EUR in the period 23.04.2012 - 04.05.2012. The results shows that the model can be used for FOREX prediction.