Technical analysis can be used on any freely traded security in the global market and is used on a wide range of financial instruments, such as equities, bonds, ...We’reusingcookies,butyoucanturnthemoffinPrivacySettings.Otherwise,youareagreeingtoouruseofcookies.LearnmoreinourPrivacyPolicy.PrivacySettingsSkiptoContentCFAInstituteMembershipCommittoProfessionalLearningRefresherReadingsTechnicalAnalysisRefresherReadingTechnicalAnalysisPrivacySettingsFunctionalcookies,whicharenecessaryforbasicsitefunctionalitylikekeepingyouloggedin,arealwaysenabled.Allowanalyticstracking.Analyticshelpusunderstandhowthesiteisused,andwhichpagesarethemostpopular.ReadthePrivacyPolicytolearnhowthisinformationisused.SaveSettingsCloseModal2021CurriculumCFAProgramLevelIEconomicsFinancialReportingandAnalysisTechnicalAnalysisDownloadthefullreading(PDF)AvailabletomembersIntroductionTechnicalanalysishasbeenusedbytraders,analysts,andinvestorsforcenturiesandhasachievedbroadacceptanceamongregulatorsandtheacademiccommunity—particularlywithregardtoitsbehavioralfinanceaspects.Thisreadinggivesabriefoverviewofthefield,comparestechnicalanalysiswithotherschoolsofanalysis,anddescribessomeofthemaintoolsusedintechnicalanalysis.Althoughtechnicalanalysisfollowspredefinedrulesandprinciples,theinterpretationofresultsisgenerallysubjective.Thatis,althoughcertainaspects,suchasthecalculationofindicators,followspecificrules,theinterpretationoffindingsisoftenbasedonameldingoftechniquesthatsuitthestyleandapproachoftheindividualanalyst.Inthisrespect,technicalanalysisissimilartofundamentalanalysis,whichhasspecificrulesforcalculatingratios,forexample,butintroducesincreasedsubjectivityintheevaluationphase. LearningOutcomesThemembershouldbeableto:explainprinciplesandassumptionsoftechnicalanalysis;describepotentiallinksbetweentechnicalanalysisandbehavioralfinance;compareprinciplesoftechnicalanalysisandfundamentalanalysis;describeandinterpretdifferenttypesoftechnicalanalysischarts;explainusesoftrend,support,andresistancelines;exp