What is Chart Analysis?
Chart analysis examines the historical movement of the chart. If the chart shows EUR/USD, analysis is to examine the movement of EUR/USD. Many experts from various sectors of financial market use chart for technical analysis. Considering the FX market is the largest one, there are large number of analysts, traders or brokers monitoring the market movement and participate in analysis. Analysis process can be manual, however, due to fast movements and volatility of currency rates, many prefer software analysis such as chart analysis done by computers.
There are many types of analysis. Forex analysis is highly dependent on the business or individual doing the trading and it can be technical, fundamental or based on sentiment.