Technical analysis is the study of historical price behavior to determine charts and probabilities of future movements in the forex market that are used by technical analysts to help analyze price data and produce tradable buy and sell opportunities using technical studies, indicators, and other analytical tools. For savvy Forex traders who know how to use them when trading the market, foreign exchange indicators and charting software can be of great help for some traders. What is an Indicator? Technical indicators are mathematical calculations that use historical price action and volume to predict future price movements, providing signals of trade. Such signals indicate a possible time and price for a trader to enter a trade, to take advantage of the forecast price change. Technical indicators are typically shown above or below price charts to help FX traders recognize trends and conditions where they are overbought or oversold. Using technical analysis enables you to identify bou