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: Thursday 06 August 2020

Last updated 5 months ago at 11:00pm

Currently uptrend should end around 1.1945 - 1.1925 area. A correction down to below 1.1818 is expected. A rise above 1.1966 will abort the expected correction.

  • Key Point1.1924
  • Entry Point1.1868
  • Elliott1.1696
  • Closing1.1883
  • Projection1.204
  • Trendline 11.1788
  • Trendline 21.1865
Elliott Wave

irregular flat correction up

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