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

Current rise should end around 1.1356 or 1.1364. Objectives of this downmove are 1.1336 or 1.1321. A rise above 1.1377 is again bullish.

  • Key Point1.1364
  • Entry Point1.1357
  • Elliott1.1177
  • Closing1.1351
  • Projection1.142
  • Trendline 11.1345
  • Trendline 21.1355
Elliott Wave

flat correction up

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