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.


EUR/USD Technical Scenario: Wednesday 29 January 2020

Last updated 1 day ago at 11:00pm

Market should hold major support at 1.1001 before rising towards 1.1033 or even 1.1042 limit.

  • Key Point1.1034
  • Entry Point1.1016
  • Elliott1.0998
  • Closing1.1023
  • Projection1.104
  • Trendline 11.1014
  • Trendline 21.1012
Elliott Wave

flat correction up

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