Technical analysis is the study method of price movement dynamics using historical data in order to forecast future price trends.
Technical analysis is a kind of a unique forex strategy consisting of a united analysis of statistical and mathematical calculations based on history of price movement.
One of the main advantages of technical analysis is the ability to forecast the future market movements excluding the fundamental factors.
Thus, a trader is able to implement successful trading activities in short and medium term time intervals on the basis of simple technical instruments.
It is important to understand that the Forex market is not possible to predict the future price behavior in 100% but it is possible more likely due to the basis of technical knowledge.
Technical analysis is an analysis of the psychology of crowds and crowd's behavior is primitive.