What is believed by the technical analyzer?

History tends to repeat itself: this core idea is believed by the technical analyzer. It means that these traders think that history repeats. According to the technical analysis methodology, if a currency's price level corresponds to a preceding hold up or struggle level, then traders will follow the previous price level and form their own trade on the basis of past behavior. Technical analysis looks at the trade pattern in the precedent and it is based on the belief that the value of the currency that is traded will change just like before.