What is Forex technical analysis? Forex technical analysis is the study of market action by the primary use of charts for the purpose of forecasting future price trends. Forex traders can develop strategies based on various technical analysis tools including –
- Market trends
- Resistance levels
- Chart patterns
Forex traders can conduct a Multiple Time Frame Analysis by the use of different timeframe charts. Technical analysis strategies are a crucial method of evaluating assets based on the analysis and statistics of past market action, past prices and past volume.