Over the last two decades, the foreign exchange market has undergone tremendous development thanks to the development of the internet and technology and it has become available to almost everyone. From the perspective of individual traders, the foreign exchange market is a type of investment - a possible way to make profit by speculating on the movement of the currency price. It is technical analysis that can help you make decisions about whether to buy or sell the currency. The aim of this diploma paper is to explain the technical analysis from a theoretical point of view and to show, with concrete examples, the use of the most common tools and indicators of technical analysis. The paper explains the characteristics of the foreign exchange market, its advantages and disadvantages, and defines the most important terms when trading in the foreign exchange market. The main types of charts in technical analysis, price trends and the importance of time frames are explained. The most famous candle patterns and the most famous candle formations, which are of great importance in interpreting the price on the chart, are listed and explained. Support and resistance levels, trend lines and channels are also explained as one of the most important tools in technical analysis, describing their use on specific examples, followed by describing the most well-known indicators and giving examples of their use via charts. The use of technical analysis implies knowledge of the tools and indicators provided by the platform to the trader, enabling him to successfully predict price movements and ultimately improve trading results.