Market should not go lower than 1.5444. After this move down it should go up to 1.5652 area.

Technical Forecast

  • Elliott Wave

    extended impulse wave down 1.5432

  • Trend Warning

    Warning: Imminent end of bearish move

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.5473
  • Entry Point1.5595
  • Trendline 11.5697
  • Trendline 21.5628
  • Elliott1.5803
  • Closing1.5532
  • Ex-Low1.5493
  • Ex-High1.5692
  • Projection1.5432

Supports and Resistance levels

  • Support 11.5453
  • Support 21.5374
  • Resistance 11.5652
  • Resistance 21.5771

Market should not go lower than 1.5513 - 1.5416. After this move down it should go up to 1.5668 - 1.5726 area.

Technical Forecast

  • Elliott Wave

    elongated flat correction down 1.5417

  • Trend Warning

    Warning: Imminent end of bearish move

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.5417
  • Entry Point1.5589
  • Trendline 11.5803
  • Trendline 21.5664
  • Elliott1.5942
  • Closing1.5532
  • Ex-Low1.5493
  • Ex-High1.5803
  • Projection1.5375

Supports and Resistance levels

  • Support 11.5416
  • Support 21.5299
  • Resistance 11.5726
  • Resistance 21.5920

Structure is bearish for 1.5582 but slowing momentum suggests a correction first to above 1.6113. A fall below 1.5412 will weaken this anticipated correction.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 1.5453

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.5664
  • Entry Point1.5803
  • Trendline 11.5592
  • Trendline 21.5637
  • Elliott1.5942
  • Closing1.5752
  • Ex-Low1.5592
  • Ex-High1.5942
  • Projection1.5302

Supports and Resistance levels

  • Support 11.5582
  • Support 21.5412
  • Resistance 11.5932
  • Resistance 21.6113