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

Decline should be supported around 1.1497 - 1.1480 zone for rally to above 1.1544. A clear break of 1.1480 will damage this expected rally.

  • Key Point1.1498
  • Entry Point1.1521
  • Elliott1.1583
  • Closing1.1514
  • Projection1.1502
  • Trendline 11.1521
  • Trendline 21.155
Elliott Wave

flat correction down

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