Technical analysis uses charts and indicators to identify trading opportunities. Learn the basics of analyzing price action and trends.
Chart Types
Candlestick charts are most popular, showing open, high, low, and close. Bar charts and line charts are alternatives. Choose what works for your analysis style.
Trend Analysis
Identify uptrends (higher highs and lows), downtrends (lower highs and lows), and ranges. Trade in the direction of the dominant trend when possible.
Support and Resistance
Price levels where buying or selling pressure historically emerges. Use these levels for entry points, stop losses, and profit targets.
Indicators
Moving averages, RSI, MACD, and Bollinger Bands help confirm trends and identify reversals. Don't use too many - focus on a few you understand well.
Technical analysis is a skill that improves with practice. Use NX Charts for advanced charting and combine with NX AI for comprehensive analysis.