Technical Analysis, Technical Forecasts and Market Trends

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.

EUR/USD ( )

Supports and Resistance levels

1.1692

1.1746

1.1831

1.1860

tradertip

EUR/USD Technical Scenario: Wednesday 05 August 2020

Last updated 7 days ago at 11:00pm

7 days ago

It looks set for gains to 1.1831. Supports at 1.1761 and 1.1746. A break of 1.1692 will damage this bullish structure.

Key Point1.1838
Entry Point1.1778
Elliott1.1696
Closing1.1801
Projection1.1827
Trendline 11.1721
Trendline 21.1747

Elliott Wave7 days ago

flat correction up

Market Trends

EUR/USD Trends: Wednesday 12 August 2020

Last updated 7 days ago at 11:00pm

Trend

Start Rate

PNL

Stop Loss

Based Rate

Bullish (6)

1.18017 days ago

0.00%

1.1674

1.1801
Neutral (-3)

-1 month ago

-

-

105.7475
Neutral (2)

-8 days ago

-

-

1.3071
Bearish (-10)

0.91798 days ago

0.50%

0.9203

0.9133
Bullish (4)

0.90307 days ago

0.00%

0.8970

0.9030
Bullish (6)

123.697513 days ago

0.88%

123.5908

124.7880
Bearish (-5)

1.07787 days ago

0.00%

1.0812

1.0778
Bullish (6)

0.71597 days ago

0.00%

0.7098

0.7159
Bearish (-9)

1.341518 days ago

0.69%

1.3454

1.3322
Neutral (0)

-11 days ago

-

-

0.6619
Bullish (6)

75.340212 days ago

0.49%

75.1116

75.7082
Neutral (-1)

-11 days ago

-

-

70.0240
Bullish (4)

135.821515 days ago

1.74%

136.3351

138.1908
Neutral (-1)

-14 days ago

-

-

79.4050
Bullish (5)

1.649111 days ago

-0.02%

1.6390

1.6487
Neutral (3)

-7 days ago

-

-

1.8247
Neutral (3)

-7 days ago

-

-

1.1932
Neutral (2)

-8 days ago

-

-

1.5718
Bullish (7)

1.776911 days ago

0.29%

1.7606

1.7821
Neutral (2)

-8 days ago

-

-

1.7401