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.

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EUR/USD Technical Scenario: Thursday 15 November 2018

Last updated 1 day ago at 11:00pm

While below 1.1328 - 1.1349 it is more likely to fall further towards 1.1286 or 1.1265. Premature rise above 1.1349 could see it rising above 1.1390 zone.

  • Key Point1.1322
  • Entry Point1.1295
  • Elliott1.1216
  • Closing1.1308
  • Projection1.1391
  • Trendline 11.1252
  • Trendline 21.131
Elliott Wave

correction zigzag

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