{"id":680,"date":"2024-08-26T11:19:23","date_gmt":"2024-08-26T11:19:23","guid":{"rendered":"https:\/\/www.mytradingland.com\/uni\/?page_id=680"},"modified":"2026-01-23T15:18:01","modified_gmt":"2026-01-23T15:18:01","slug":"technical-analysis","status":"publish","type":"page","link":"https:\/\/www.mytradingland.com\/uni\/technical-analysis\/","title":{"rendered":"Technical Analysis"},"content":{"rendered":"<style>\n        body {\n            font-family: 'Montserrat', sans-serif;\n            margin: 0;\n            padding: 0;\n            line-height: 1.6;\n        }\n        .content-container {\n            padding: 10px;\n            max-width: 800px;\n            margin: 5px auto;\n        }\n        .heading-container {\n            padding: 20px;\n            max-width: 1100px;\n            margin: 20px auto;\n            text-align: center;\n        }\n        .breadcrumbs {\n            margin-bottom: 10px;\n            font-size: 0.9em;\n            text-align: left;\n        }\n        .breadcrumbs a {\n            color: #007bff;\n            text-decoration: none;\n        }\n        .breadcrumbs a:hover {\n            text-decoration: underline;\n        }\n        .heading-section h1 {\n            text-align: left;\n            font-weight: bold;\n        }\n        .module-heading {\n            font-size: 3.5em;\n            color: #63baff;\n            text-align: center;\n        }\n        .subheading {\n            font-weight: 600;\n            font-size: 1.1em;\n            color: #8d8d8d;\n            margin-top: 10px;\n            margin-bottom: 20px;\n        }\n        .module-details {\n            margin-bottom: 30px;\n        }\n        .chapter {\n            margin-bottom: 12px;\n        }\n        .chapters-list {\n            margin-top: 40px;\n        }\n        .chapters-list h2 {\n            font-weight: bold;\n            margin-bottom: 10px;\n        }\n        .chapters-list .chapter h3 {\n            font-size: 1.3em;\n        }\n        .chapters-list p {\n            margin-bottom: 35px;\n        }\n        .chapter a {\n            color: inherit; \/* Standard color *\/\n            text-decoration: none; \/* No underline *\/\n        }\n        .chapter a:hover {\n            color: #007bff; \/* Blue on hover *\/\n        }\n        footer p {\n            text-align: left;\n            margin: 0;\n        }\n        @media (max-width: 768px) {\n            .navbar-brand {\n                font-size: 1.2em;\n            }\n            .navbar-toggler {\n                font-size: 1.5em;\n            }\n            .navbar-toggler-icon {\n                display: none;\n            }\n            .navbar-toggler.active .navbar-toggler-icon {\n                display: block;\n            }\n            .content-container, .heading-container {\n                padding: 15px;\n            }\n            .breadcrumbs {\n                font-size: 0.8em;\n            }\n            .heading-section h1 {\n                font-size: 1.5em;\n            }\n            .module-heading {\n                font-size: 2em;\n            }\n            .subheading {\n                font-size: 1em;\n            }\n            .chapters-list h2 {\n                font-size: 1.2em;\n            }\n            .chapters-list .chapter h3 {\n                font-size: 1.2em;\n            }\n            .chapters-list p {\n                font-size: 0.9em;\n            }\n            .navbar-nav {\n                text-align: center;\n                font-weight: bold;\n                width: 100%;\n            }\n            .chapters-heading {\n                font-weight: bold;\n                text-align: left;\n                color:#3282ff;\n            }\n        }\n<\/style>\n<div class=\"content-container\">\n<section class=\"module-details\">\n<p>In our Module on Technical Analysis, we go into full details on what exactly is technical analysis, how you can identify pattern on charts, and in your trading.<\/p>\n<p><strong>Written by:<\/strong> Yokoyi<\/p>\n<\/section>\n<section class=\"chapters-list\">\n<h2>Chapters on Technical Analysis<\/h2>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/dow-theory\/\" >1. Dow Theory<\/a><\/h3>\n<p>Although Dow theory is not directly linked to Forex trading, but if you are a technical trader, you must understand its basics. We explain it in full detail.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/forex-chart-types\/\">2. Types of Charts in Forex<\/a><\/h3>\n<p>In this chapter we explain the various chart types that technical traders can use to visualize the markets, the most common is candlestick chart.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/how-to-read-a-forex-chart\/\">3. How To Read a Forex Chart<\/a><\/h3>\n<p>We explain exactly how you can use the forex chart, which data points to look at.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/how-to-detect-market-trends-on-a-chart\/\">4. How To Identify Price Trends on a Chart<\/a><\/h3>\n<p>This is really important chapter to understand how exactly does the trending market looks like on chart. It can be straight in one direction, but mostly it is zig zag in a direction. So, we explain in detail how you can look at it.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/what-is-support-resistance-in-forex-trading\/\">5. Support &#038; Resistance in Technical Analysis<\/a><\/h3>\n<p>Understand exactly how support &#038; resistance looks like on a price chart &#038; how to trade it.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/what-is-price-action-trading\/\">6. Price Action Trading (Trading Without Indicators)<\/a><\/h3>\n<p>Learn how to trade price action without using any indicators. Mostly, as a trader, you should avoid any indicators, and by understanding what the price is doing, you can easily identify patterns.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/what-is-fibonacci-retracement-in-forex\/\">7. Fibonacci Retracement<\/a><\/h3>\n<p>Fib Retracements are mostly used by traders to analyze important retracement points in a trend from where the price can continue in that direction. Read our complete chapter to understand it.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/simple-moving-average\/\">8. Simple Moving Average<\/a><\/h3>\n<p>Simple Moving average or a collection\/ribbon of the SMAs can help you visually see the trend. Some traders use basic crossover strategies in their trading. This guide is simple explanation of Moving Averages.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/exponential-moving-average\/\">9. Exponential Moving Average<\/a><\/h3>\n<p>Exponential Moving average is similar to SMA, but it assigns more priority to recent price.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/bollinger-bands\/\">10. Bollinger Bands<\/a><\/h3>\n<p>This indicators is mostly used by traders to identify deviation in the price from a standard SMA or EMA. Generally, traders use it as a reversal signal for counter trend trades, or as a signal for trading continuation of the trend when price is near the middle band.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/relative-strength-index\/\">11. Relative Strength Index<\/a><\/h3>\n<p>RSI is a momentum indicator used by traders to identify overbought or oversold points in the markets.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/moving-average-convergence-divergence-macd\/\">12. Moving Average Convergence &#038; Divergence (MACD)<\/a><\/h3>\n<p>MACD is also a momentum indicator that basically plots the relationship between 2 moving averages (the values that you can set, generally a slow &#038; a fast EMA). <\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/volume-indicator\/\">13. Volume Indicator<\/a><\/h3>\n<p>Generally, volume indicators are not useful for forex traders because there is no central volume data. But we will still explain how it works if you are using it for some other CFD or instrument.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/forex-chart-patterns\/\">14. General Forex Chart Patterns<\/a><\/h3>\n<p>In this chapter we cover the important chart patterns (the basic ones, not the fancy ones) that you can identify on the chart to look for signs of reversal or continuation on the price chart.<\/p>\n<\/div>\n<div class=\"chapter\">\n<h3 class=\"chapters-heading\"><a href=\"https:\/\/www.mytradingland.com\/uni\/candlestick-patterns\/\">15. Candlestick Patterns<\/a><\/h3>\n<p>If you are a pure price action trader, certain candlestick chart patterns at important price levels can help in trading &#038; act as signals for entry or exit. For example, many traders use Engulfing candlestick patterns. We cover important candlestick patterns in this chapter<\/p>\n<\/div>\n<p>        <!-- Add more chapters as needed --><br \/>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In our Module on Technical Analysis, we go into full details on what exactly is technical analysis, how you can identify pattern on charts, and in your trading. Written by: Yokoyi Chapters on Technical Analysis 1. Dow Theory Although Dow theory is not directly linked to Forex trading, but if you are a technical trader, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-680","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Technical Analysis - MTL Uni<\/title>\n<meta name=\"description\" content=\"Learn why technical analysis is important in forex, &amp; how you can read any forex chart, apply technical indicators &amp; get results in forex\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mytradingland.com\/uni\/technical-analysis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Technical Analysis - MTL Uni\" \/>\n<meta property=\"og:description\" content=\"Learn why technical analysis is important in forex, &amp; how you can read any forex chart, apply technical indicators &amp; get results in forex\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mytradingland.com\/uni\/technical-analysis\/\" \/>\n<meta property=\"og:site_name\" content=\"MTL Uni\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-23T15:18:01+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/technical-analysis\/\",\"url\":\"https:\/\/www.mytradingland.com\/uni\/technical-analysis\/\",\"name\":\"Technical Analysis - MTL Uni\",\"isPartOf\":{\"@id\":\"https:\/\/www.mytradingland.com\/uni\/#website\"},\"datePublished\":\"2024-08-26T11:19:23+00:00\",\"dateModified\":\"2026-01-23T15:18:01+00:00\",\"description\":\"Learn why technical analysis is important in forex, & how you can read any forex chart, apply technical indicators & get results in forex\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mytradingland.com\/uni\/technical-analysis\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mytradingland.com\/uni\/technical-analysis\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/technical-analysis\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.mytradingland.com\/uni\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Technical Analysis\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mytradingland.com\/uni\/#website\",\"url\":\"https:\/\/www.mytradingland.com\/uni\/\",\"name\":\"MTL Uni\",\"description\":\"MyTradingLand Uni is our Fee Resource to learn the basics of Forex Trading. 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