Market should not go lower than 1.5474 - 1.5435. After this move down it should go up to 1.5540 - 1.5567 area.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1.5476
  • Entry Point1.5523
  • Trendline 11.5572
  • Trendline 21.5560
  • Elliott1.5657
  • Closing1.5489
  • Ex-Low1.5460
  • Ex-High1.5592
  • Projection1.5438

Supports and Resistance levels

  • Support 11.5435
  • Support 21.5381
  • Resistance 11.5567
  • Resistance 21.5646
  • Pivot1.5514

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5788 or 1.5763 if support around 1.5480 hold. After which a pullback to 1.5480 - 1.5392 zone is possible.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point1.5745
  • Entry Point1.5461
  • Trendline 11.5198
  • Trendline 21.5314
  • Elliott1.5081
  • Closing1.5586
  • Ex-Low1.5198
  • Ex-High1.5657
  • Projection1.5778

Supports and Resistance levels

  • Support 11.5303
  • Support 21.5021
  • Resistance 11.5763
  • Resistance 21.5940
  • Pivot1.5480

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