Technical Analysis

Technical analysis is the study of historical price and volume data to forecast future market movements. Unlike fundamental analysis, which examines economic factors, technical analysis assumes that all available information is already reflected in price and that price patterns tend to repeat over time. Tools used include chart patterns, trendlines, support and resistance levels, candlestick formations, and indicators such as moving averages, RSI, and MACD. Widely used in forex trading, technical analysis helps traders identify entry and exit points, determine trend direction, and assess market momentum across all timeframes and instruments.