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.


Current fall is near an end of wave around 1.0874 zone, a rally should then procede to above 1.0942. Fall below 1.0846 would cancel this scenario.

  • Key Point1.0886
  • Entry Point1.0901
  • Elliott1.1008
  • Closing1.0903
  • Projection1.0864
  • Trendline 11.0954
  • Trendline 21.0899
Elliott Wave

flat correction down

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