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.

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EUR/USD Technical Scenario: Thursday 19 January 2017

Last updated 1 day ago at 11:00pm

It looks more likely that it would rise to 1.0688 from 1.0629 or 1.0601. After which a downside move is expected.

  • Key Point1.059
  • Entry Point1.0666
  • Elliott1.0719
  • Closing1.0631
  • Projection1.058
  • Trendline 11.0629
  • Trendline 21.0657
Elliott Wave

flat correction down

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