Technical Analysis Definition:

Technical analysis is the examination of past price movements in order to predict future price movements. Technical tools, indicators, and charts are thoroughly reviewed during this process. Technical analysis considers the support and resistance lines, trend lines, chart formations, and other technical indicators such as MACD, RSI, and Money Flow.

When a trader learns how to master technical analysis, it becomes easier to apply it into any currency and time frame, the technical analysis allows the trader in a relatively short amount of time to figure out where trends are going. Due to the market volatility, traders who use technical analysis can follow numerous currencies at the same time, whereas traders who use fundamental analysis usually focus on one or two pairs of currencies, since there is so much information and data in the market to analyze. 

Many of advance traders are basing most of their decisions on technical indicators; the main reason behind using technical analysis is to find trends when they first develop, identifying the trends allows the trader to ride the trend until it ends, and profit from it.