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

Any possible decline should be supported around 1.1762 - 1.1735 zone for rally to above 1.1848. A clear break of 1.1705 will damage this expected rally.

  • Key Point1.1782
  • Entry Point1.1776
  • Elliott1.1757
  • Closing1.1788
  • Projection1.1821
  • Trendline 11.1765
  • Trendline 21.1773
Elliott Wave

common flat correction up

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