Technical Analysis

Technical analysis is a widely accepted approach across global financial markets, notably within the Forex market. Its popularity stems from its ability to facilitate the examination of past price movements through graphical representations. The fundamental objective of technical analysis is to assess investments by considering price trends and patterns. It relies on data from trading activities, encompassing factors like price movements and trading volume. Distinguishing itself from fundamental analysis, the technical analysis method offers access to more intricate charts and historical data. This capability allows for the review of past market performance and the anticipation of future movements. Grounded in the principle that "history repeats itself," technical analysis proves effective in forecasting how markets will respond to similar conditionFurthermore, technical analysis provides a structured framework not only for identifying optimal market entry points but also for strategic exit decisions.