Intro to Charting and Technical Analysis

Technical analysis is a methodology employed to forecast the likely future price movement of a security, such as a stock or currency pair. It relies on analyzing historical market data and patterns to make predictions.

The underlying premise of technical analysis is that the combined actions of all market participants—buying and selling—accurately reflect relevant information about the traded security. By studying price charts, trends, and indicators, traders aim to make informed decisions based on historical behavior and patterns.

In summary, technical analysis provides valuable insights into market dynamics and helps traders anticipate potential price movements.

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