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.


There are initial signs of a good corrective recovery towards 1.2256 or even 1.2269. Supports at 1.2215 and 1.2189 zone.

  • Key Point1.2177
  • Entry Point1.2236
  • Elliott1.2295
  • Closing1.2216
  • Projection1.2165
  • Trendline 11.2215
  • Trendline 21.2264
Elliott Wave

flat correction down

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