The technical analysis, intended as the study of the evolution of index trends, can affect the market’s movement.

By analyzing historical trends it is possible to recover important information like points of closing and opening, points of minimum and maximum and other interesting data.

In order to gain benefit from the investments made in the Forex market, it is necessary to study correctly the trend’s historical data, allowing you to identify the right moment to join or leave the position. Some traders even use time filters, which identify the ideal moment to enter the market by analyzing the evolution of the day. These same traders affirm that there are more chances that there is an intraday trend during those set times rather than others.

The principles on which the historical analysis is based are two:

• the first principle states that “history repeats itself”, therefore prices evolve following fixed patterns because they have already manifested in the past;

• the second principle affirms that there is no need in studying the current market information, but the fluctuation of the same to see in which direction it is evolving.

Therefore, in order to analyse historical data it is necessary to represent graphs that measure the market’s performance in time and allow the understanding of trends that are in a positive moment.