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

Preferred view is for a fall to 1.0559 - 1.0540 while 1.0590 - 1.0600 area resists. A clear break of 1.0640 would be bullish.

  • Key Point1.0535
  • Entry Point1.0576
  • Elliott1.0618
  • Closing1.0561
  • Projection1.0541
  • Trendline 11.0574
  • Trendline 21.0588
Elliott Wave

flat correction down

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