Technical Analysis and Its Charts
12-07-2024
Technical analysis is one of the two basic tools used to assess the market situation and make investment decisions. To put it simply, analysis is the study of market behavior primarily through charts. This makes it easier to predict the direction of future price movements based on their historical levels. The main elements of the analysis are chart analysis, recognizing chart patterns, trend indicators, and Forex oscillators, while additional elements include momentum, market strength and volatility indicators, as well as support and resistance levels.