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 should try higher up to 1.1651 - 1.1668. Entry point 1.1635 or 1.1620. After this rise, a correction is expected.

  • Key Point1.1608
  • Entry Point1.1617
  • Elliott1.1745
  • Closing1.1638
  • Projection1.1613
  • Trendline 11.1665
  • Trendline 21.1585
Elliott Wave

irregular flat correction down

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