What is Technical Analysis? Technical analysis is a strategy used in the financial markets to assess and project future price changes for assets like stocks, currencies, commodities, and virtual currencies. It is predicated on the notion that forecasts for future price trends may be made using historical price and trading volume data, patterns, and indications. Key concepts and tools used in technical analysis include: 1. Price Charts: Price charts are generally used by technical analysts to display historical price data. Line charts, bar charts, and candlestick charts are the three most popular types of charting. For a specific time period, these charts show the open, high, low, and closing prices. 2. Support and Resistance: A price level known as support is one where an asset typically attracts buying interest, keeping it from falling any lower. An asset typically experiences selling pressure at resistance levels, blocking further price gains. These levels are found ...