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

1.0846

1.0874

1.0942

1.0982

tradertip

EUR/USD Technical Scenario: Monday 25 May 2020

Last updated 2 days ago at 11:00pm

2 days ago

Current fall is near an end of wave around 1.0874 zone, a rally should then procede to above 1.0942. Fall below 1.0846 would cancel this scenario.

Key Point1.0886
Entry Point1.0901
Elliott1.1008
Closing1.0903
Projection1.0864
Trendline 11.0954
Trendline 21.0899

Elliott Wave2 days ago

flat correction down

Market Trends

EUR/USD Trends: Monday 25 May 2020

Last updated 2 days ago at 11:00pm

Trend

Start Rate

PNL

Stop Loss

Based Rate

Bullish (4)

1.09033 days ago

0.00%

1.0825

1.0903
Neutral (-3)

-4 days ago

-

-

107.6355
Neutral (-1)

-17 days ago

-

-

1.2168
Neutral (0)

-3 days ago

-

-

0.9713
Bearish (-5)

0.89594 days ago

0.01%

0.8992

0.8958
Bearish (-4)

115.638717 days ago

-1.46%

118.2674

117.3260
Bearish (-5)

1.052317 days ago

-0.63%

1.0644

1.0589
Bullish (4)

0.65373 days ago

0.00%

0.6449

0.6537
Bearish (-5)

1.40043 days ago

0.00%

1.4090

1.4004
Neutral (3)

-10 days ago

-

-

0.6095
Neutral (3)

-10 days ago

-

-

70.3580
Bullish (4)

65.58803 days ago

0.00%

64.1842

65.5880
Neutral (-1)

-6 days ago

-

-

130.9435
Bearish (-5)

75.901510 days ago

-1.31%

77.6034

76.8965
Bearish (-9)

1.66783 days ago

0.00%

1.6807

1.6678
Bearish (-8)

1.903318 days ago

2.16%

1.8785

1.8622
Neutral (-1)

-25 days ago

-

-

1.1815
Bullish (4)

1.526410 days ago

-0.02%

1.5194

1.5261
Bearish (-10)

1.80707 days ago

1.03%

1.8124

1.7883
Neutral (-2)

-19 days ago

-

-

1.7035