Experienced traders follow the principle "The trend is your friend"!
Technical analysis is the practice of using past price patterns to identify future trends and using that information to profit on the markets. It is needed in order to predict the direction in which the market is moving.
How does it work?
There are a number of different tools used in technical analysis, such as Elliott Wave, MACD, Bollinger Bands, ADX, etc. These tools help you identify an adequate picture of what is currently happening in the market and try to determine where the price of the asset is headed in the future.
Surely, there are a lot of indicators to choose from. Some are great, some are not, but you should understand them all to determine which ones work best with your own trading style.
In this section, we publish daily and weekly technical analysis articles on various trading instruments. The analysis is prepared by our analyst team.
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