Technical analysis predicts future price trends by studying past price changes. Technical analysis is sometimes referred to as chart analysis because it relies almost entirely on analyzing charts.
Technical analysis is applicable to currency, stocks, indices, commodities, futures trading, or any trading product whose price is constrained by supply and demand. Price refers to any combination of the opening price, highest price, lowest price, or closing price of a specific commodity/security at a specific time.
The price period can be based on single day (at a certain point in time, 5 minutes, 15 minutes, per hour), daily, weekly, or monthly price data, or historical price data that can be traced back several hours or even years ago. In addition, some technical analysis also includes research on trading volume and/or position changes and price trends.
MARKETSTRADER provides customers with 20 types of chart analysis, including moving averages, Pauli Plus channels, and volume analysis.