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

It looks set to visit further lower territory down to around 1.1050 - 1.1030. Its corrective attempts should fail ahead of 1.1085 - 1.1100. Stop loss above 1.1140 zone.

  • Key Point1.1045
  • Entry Point1.1078
  • Elliott1.111
  • Closing1.106
  • Projection1.104
  • Trendline 11.1084
  • Trendline 21.1084
Elliott Wave

elongated flat correction down

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