Technical Analysis, Technical Forecasts and Market Trends

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 ( )

Supports and Resistance levels

1.0725

1.0769

1.0861

1.0908

tradertip

EUR/USD Technical Scenario: Monday 06 April 2020

Last updated 1 day ago at 11:00pm

1 day ago

It may meet resistance in 1.0814 - 1.0817 zone for a drift down to 1.0769 zone, after which bounce to 1.0861 is anticipated.

Key Point1.0808
Entry Point1.0801
Elliott1.1147
Closing1.0814
Projection1.0636
Trendline 11.087
Trendline 21.076

Elliott Wave1 day ago

flat correction down

Market Trends

EUR/USD Trends: 05 April 2020

Last updated 1 day ago at 11:00pm

Trend

Start Rate

PNL

Stop Loss

Based Rate

Neutral (-2)

-4 days ago

-

-

1.0814
Neutral (-2)

-2 days ago

-

-

108.5400
Bearish (-9)

1.22702 days ago

0.00%

1.2408

1.2270
Neutral (-2)

-2 days ago

-

-

0.9772
Neutral (-2)

-12 days ago

-

-

0.8797
Bearish (-8)

118.560516 days ago

1.07%

119.3070

117.2870
Bearish (-8)

1.05884 days ago

0.29%

1.0599

1.0557
Bearish (-9)

0.60734 days ago

1.35%

0.6132

0.5991
Bullish (6)

1.42052 days ago

0.00%

1.4065

1.4205
Bearish (-9)

0.59605 days ago

1.68%

0.5989

0.5860
Bearish (-6)

65.04902 days ago

0.00%

66.5122

65.0490
Bearish (-6)

63.73752 days ago

0.00%

64.9211

63.7375
Neutral (-2)

-9 days ago

-

-

133.1790
Bearish (-5)

76.38252 days ago

0.00%

77.0187

76.3825
Neutral (0)

-9 days ago

-

-

1.8034
Bullish (7)

2.02495 days ago

1.12%

2.0079

2.0475
Bearish (-4)

1.19912 days ago

0.00%

1.2079

1.1991
Neutral (1)

-11 days ago

-

-

1.5360
Neutral (0)

-9 days ago

-

-

1.8408
Neutral (2)

-2 days ago

-

-

1.7441