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 may meet resistance in 1.1209 - 1.1213 zone for a drift down to 1.1202 zone, after which bounce to 1.1221 is anticipated.

  • Key Point1.1202
  • Entry Point1.1188
  • Elliott1.1282
  • Closing1.1209
  • Projection1.1204
  • Trendline 11.1225
  • Trendline 21.1168
Elliott Wave

elongated flat correction down

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