The most important advantage of technical analysis is that it can be applied to almost any trading instrument and time frame. Technical analysis can be used to examine stocks, commodities, interest rates, and forex. Technical analysis can also be applied from a short-term to a long-term time frame.
Indeed, it can be applied to charts ranging from intraday minutes to weekly or even monthly timeframes. Models and trading laws based on price and volume shifts, such as the RSI, moving average, slope, or market correlations, are also used in technical analysis. Alternatively, between markets, business cycles, stock market cycles, or by recognizing chart patterns. In analyzing securities, technical analysis differs from fundamental analysis.
Technical analysis can be used to analyze anything from stocks, commodities, interest rates, or forex, and it is considered less complicated than other types of analysis, implying that it is simpler than other types of analyses and has other advantages that distinguish technical analysis from other types of analyses. On a personal level, I use technical analysis as an essential part of my work in forex trading, and I cannot trade without it because it is one of the best, if not the best, analyses on the forex level, and it is one of the best and most famous in terms of accuracy of analysis and access to objectives in a proper and correct manner.