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.


There is bearish potential for a fall to 1.1742 while 1.1800 - 1.1819 resist. After this fall a recovery up to 1.1819 or 1.1838 is expected.

  • Key Point1.175
  • Entry Point1.1804
  • Elliott1.1858
  • Closing1.178
  • Projection1.1731
  • Trendline 11.1812
  • Trendline 21.1812
Elliott Wave

irregular flat correction down

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