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

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1387 or 1.1400 if support around 1.1289 hold. After which a pullback to 1.1289 - 1.1258 zone is possible.

  • Key Point1.1414
  • Entry Point1.1257
  • Elliott1.1119
  • Closing1.1339
  • Projection1.141
  • Trendline 11.1186
  • Trendline 21.1194
Elliott Wave

extended impulse wave up

Read MoreView All

Market Trends