Forex Technical Analysis

Technical analysis maintains that all information is already reflected in the price and that price movements lead to recognizable price chart patterns. It therefore tries to determine a trend on the grounds that sentiment changes may, at least in part, forecast trend changes.

tradertip

Decline should be supported around 1.0772 - 1.0750 zone for rally to above 1.0820. A clear break of 1.0750 will damage this expected rally.

  • Key Point1.0813
  • Entry Point1.0809
  • Elliott1.0719
  • Closing1.0794
  • Projection1.0821
  • Trendline 11.0776
  • Trendline 21.0833
Elliott Wave

impulse wave up

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