In finance, technical analysis is an analysis tecnica de scalping forex for forecasting the direction of prices through the study of past market data, primarily price and volume. The principles of technical analysis are derived from hundreds of years of financial market data.

Some aspects of technical analysis began to appear in Amsterdam-based merchant Joseph de la Vega’s accounts of the Dutch financial markets in the 17th century. Dow theory is based on the collected writings of Dow Jones co-founder and editor Charles Dow, and inspired the use and development of modern technical analysis at the end of the 19th century. Fundamental analysts examine earnings, dividends, assets, quality, ratio, new products, research and the like. Technicians employ many methods, tools and techniques as well, one of which is the use of charts.

Using charts, technical analysts seek to identify price patterns and market trends in financial markets and attempt to exploit those patterns. These indicators are used to help assess whether an asset is trending, and if it is, the probability of its direction and of continuation. There are many techniques in technical analysis. Contrasting with technical analysis is fundamental analysis, the study of economic factors that influence the way investors price financial markets. Technical analysis holds that prices already reflect all the underlying fundamental factors.