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

It should be subject to more weakness towards 1.1149. After which a correction to above 1.1178 is anticipated. A break of 1.1138 is bearish.

  • Key Point1.1149
  • Entry Point1.1158
  • Elliott1.1264
  • Closing1.116
  • Projection1.1118
  • Trendline 11.1189
  • Trendline 21.1164
Elliott Wave

elongated flat correction down

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