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Horizons ETFs launches advanced technical analysis tools for ETFs

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Horizons ETFs Management (Canada) is to offer Recognia Technical Insight with Elliott Wave analytics to its clients across Canada.

 
“Technical analysis is a longstanding method for attempting to forecast the price trends of securities and indices. Many ETF investors recognise its potential to improve the timing of their trades, which is why we’re excited to be the first ETF provider in Canada to offer Recognia’s technical analysis tools to our investors,” says Howard Atkinson (pictured), president of Horizons ETFs. “We believe that these evaluation tools can potentially allow ETF investors to make more informed and less emotionally biased decisions.”
 
Recognia Technical Insight, developed by Recognia Inc, aims to deliver clear and easy to understand tools that provide an interpretation of daily bullish or bearish trading trends. Investors can leverage Recognia Technical Insight to help plan trades in any exchange traded funds in the Horizons ETFs’ family, within the context of potential trends signalled by over 30 types of chart patterns, candlesticks, indicators and oscillators. Recognia Technical Insight includes an email alert function, alerting investors and traders when events of significance occur.
 
Elliott Wave is a form of technical analysis developed by Ralph Nelson Elliott in the 1930s. Elliott observed that financial markets move in recognisable patterns which are created by underlying investor behaviours of fear and enthusiasm. He developed a rational system of stock price analysis that isolates patterns or “waves” of directional movements that recur in markets and are repetitive in nature, but are not necessarily repetitive in time or amplitude.
 
“We are pleased to be providing Horizons ETFs with Technical Insight, our flagship product, together with our advanced Elliott Wave analytics,” says Rick Escher, president and chief executive of Recognia Inc. “Horizons ETFs has a strong reputation for ETF innovation in Canada, and we’re thrilled to be a part of that continuing tradition.”

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