Technical Analysis is one of the most used methods by investors to devise a trading strategy. These technical analysts examine price data of an asset (Stock, Currency, Commodity, etc) to determine the probable future price movement of the assets.
Technical analysis involves the use of charts as a tool to identify patterns or trends in a currency market.
Although technical analysis is often related to fundamental analysis, it focuses on the effects of market movements, rather than the causes. Investors who use this strategy always look at an asset’s past price to determine what might happen in the future.