When evaluating market price movements, many investors, traders and analysts use weekly charts to look at underlying price trends and how particular stocks, indices, commodities and currencies have done over a longer period of time. The weekly chart captures the performance of the asset over a period of weeks, covering all the daily price movements that took place during that period.

In technical analysis, traders and investors would look at chart patterns, price action and other indicators to identify the direction of the trend. These patterns can be used to help investors make more informed decisions regarding trading entry and exit points.

The weekly chart gives investors a much more advantageous insight into the overall long-term trend for a particular security or investment instrument. As such, one of the key benefits of using weekly charts is that traders are able to identify trends over a much longer period of time than what is afforded by looking at the day's price movements on a daily chart.

For instance, indexes or stocks that are in a steady up or downtrend will take much longer to move from one significant support or resistance level to another. A weekly chart gives investors the time needed to identify and interact with trends, as well as identify potential entry and exit points. The ability to identify long-term trends helps investors enter and exit the market in a smarter and more efficient way.

Weekly charts are also useful for calculating key technical indicators, such as moving averages, which can play a significant role in helping traders make better trades over the long term. Moving averages rely on a given period of price data and they produce better results when analyzed over multiple weeks rather than looking just at one day's worth of data.

Overall, weekly charts provide a thorough view of market movements and how stocks, commodities and currencies have reacted over a longer period of time. These charts offer a big-picture approach that allows investors to analyze accurate data in a timely manner and provide the best opportunity to make intelligent trading decisions.