Market should not go lower than 1.5669 - 1.5597. After this move down it should go up to 1.5779 - 1.5818 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 1.5563

  • Trend Warning

    Warning: Imminent end of bearish move

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.5577
  • Entry Point1.5713
  • Trendline 11.5883
  • Trendline 21.5773
  • Elliott1.5992
  • Closing1.5675
  • Ex-Low1.5662
  • Ex-High1.5883
  • Projection1.5430

Supports and Resistance levels

  • Support 11.5597
  • Support 21.5520
  • Resistance 11.5818
  • Resistance 21.5960

No comments available

Technical Forecast

  • Elliott Wave

    extension wave down 1.5580

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.5659
  • Entry Point1.5746
  • Trendline 11.5833
  • Trendline 21.5832
  • Elliott1.5834
  • Closing1.5675
  • Ex-Low1.5662
  • Ex-High1.5833
  • Projection1.5612

Supports and Resistance levels

  • Support 11.5614
  • Support 21.5553
  • Resistance 11.5784
  • Resistance 21.5893

Currently uptrend should end around 1.6081 - 1.6056 area. A correction down to below 1.5708 is expected. A rise above 1.6198 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.5876
  • Entry Point1.5863
  • Trendline 11.5645
  • Trendline 21.6055
  • Elliott1.5235
  • Closing1.5914
  • Ex-Low1.5645
  • Ex-High1.5992
  • Projection1.6090

Supports and Resistance levels

  • Support 11.5708
  • Support 21.5503
  • Resistance 11.6056
  • Resistance 21.6198