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.

tradertip

Market should not go lower than 1.2100 - 1.2063. After this move down it should go up to 1.2157 - 1.2177 area.

  • Key Point1.2096
  • Entry Point1.214
  • Elliott1.2414
  • Closing1.2103
  • Projection1.2061
  • Trendline 11.2197
  • Trendline 21.2181
Elliott Wave

extended impulse wave down

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Market Trends