Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5554 or 1.5529 if support around 1.5404 hold. After which a pullback to 1.5404 - 1.5370 zone is possible.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point1.5545
  • Entry Point1.5390
  • Trendline 11.5270
  • Trendline 21.5362
  • Elliott1.5081
  • Closing1.5461
  • Ex-Low1.5280
  • Ex-High1.5473
  • Projection1.5626

Supports and Resistance levels

  • Support 11.5336
  • Support 21.5211
  • Resistance 11.5529
  • Resistance 21.5598
  • Pivot1.5404

It should try higher up to 1.5229 - 1.5278. Entry point 1.5180 or 1.5152. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.5289
  • Entry Point1.5185
  • Trendline 11.5160
  • Trendline 21.5160
  • Elliott1.5081
  • Closing1.5223
  • Ex-Low1.5081
  • Ex-High1.5235
  • Projection1.5274

Supports and Resistance levels

  • Support 11.5125
  • Support 21.5027
  • Resistance 11.5278
  • Resistance 21.5333
  • Pivot1.5180

While below 1.5302 - 1.5419 it is more likely to fall further towards 1.4976 or 1.4742.

Technical Forecast

  • Elliott Wave

    irregular flat support in correction up

Key Points

  • Key Point1.5268
  • Entry Point1.5175
  • Trendline 11.5021
  • Trendline 21.5125
  • Elliott1.4426
  • Closing1.5210
  • Ex-Low1.4950
  • Ex-High1.5393
  • Projection1.5722

Supports and Resistance levels

  • Support 11.4976
  • Support 21.4742
  • Resistance 11.5419
  • Resistance 21.5627
  • Pivot1.5184