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 Technical Scenario: Wednesday 05 August 2020

Last updated 7 days ago at 11:00pm

It looks set for gains to 1.1831. Supports at 1.1761 and 1.1746. A break of 1.1692 will damage this bullish structure.

  • Key Point1.1838
  • Entry Point1.1778
  • Elliott1.1696
  • Closing1.1801
  • Projection1.1827
  • Trendline 11.1721
  • Trendline 21.1747
Elliott Wave

flat correction up

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