Market should pop up towards 1.5240 or 1.5259 this bullish scenario would be damaged if 1.5200 - 1.5178 zone is broken, a severe break down could then occur.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.5200
  • Entry Point1.5223
  • Trendline 11.5265
  • Trendline 21.5225
  • Elliott1.5305
  • Closing1.5215
  • Ex-Low1.5185
  • Ex-High1.5265
  • Projection1.5150

Supports and Resistance levels

  • Support 11.5178
  • Support 21.5141
  • Resistance 11.5259
  • Resistance 21.5303
  • Pivot1.5222

It may meet resistance in 1.5215 - 1.5229 zone for a drift down to 1.5136 zone, after which bounce to 1.5308 is anticipated.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.5064
  • Entry Point1.5113
  • Trendline 11.5323
  • Trendline 21.4999
  • Elliott1.5646
  • Closing1.5215
  • Ex-Low1.5150
  • Ex-High1.5323
  • Projection1.4915

Supports and Resistance levels

  • Support 11.5136
  • Support 21.5057
  • Resistance 11.5308
  • Resistance 21.5402
  • Pivot1.5229

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5822 or 1.5883 if support around 1.5399 hold. After which a pullback to 1.5399 - 1.5276 zone is possible.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point1.5992
  • Entry Point1.5325
  • Trendline 11.4941
  • Trendline 21.4992
  • Elliott1.4761
  • Closing1.5636
  • Ex-Low1.4915
  • Ex-High1.5646
  • Projection1.6126

Supports and Resistance levels

  • Support 11.5152
  • Support 21.4668
  • Resistance 11.5883
  • Resistance 21.6130
  • Pivot1.5399