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.


It may meet resistance in 1.0814 - 1.0817 zone for a drift down to 1.0769 zone, after which bounce to 1.0861 is anticipated.

  • Key Point1.0808
  • Entry Point1.0801
  • Elliott1.1147
  • Closing1.0814
  • Projection1.0636
  • Trendline 11.087
  • Trendline 21.076
Elliott Wave

flat correction down

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