There is bearish potential for a fall to 1.4995 - 1.4926 while 1.5064 - 1.5111 resist. After this fall a recovery up to 1.5111 or 1.5158 is expected.

Technical Forecast

  • Elliott Wave

    correction zigzag 1.4934

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point1.4957
  • Entry Point1.5079
  • Trendline 11.5097
  • Trendline 21.5097
  • Elliott1.5201
  • Closing1.5021
  • Ex-Low1.4969
  • Ex-High1.5201
  • Projection1.4871

Supports and Resistance levels

  • Support 11.4926
  • Support 21.4832
  • Resistance 11.5158
  • Resistance 21.5296
  • Pivot1.5064

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5334 or 1.5230 if support around 1.4949 hold. After which a pullback to 1.4949 - 1.4867 zone is possible.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 1.5237

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point1.5245
  • Entry Point1.5032
  • Trendline 11.4711
  • Trendline 21.4953
  • Elliott1.4149
  • Closing1.5067
  • Ex-Low1.4667
  • Ex-High1.5112
  • Projection1.5573

Supports and Resistance levels

  • Support 11.4785
  • Support 21.4504
  • Resistance 11.5230
  • Resistance 21.5394
  • Pivot1.4949

There are initial signs of a good corrective recovery towards 1.4799 or even 1.5016. Supports at 1.4359 and 1.4136 zone.

Technical Forecast

  • Elliott Wave

    irregular flat support in correction up 1.4306

Key Points

  • Key Point1.4880
  • Entry Point1.4729
  • Trendline 11.4149
  • Trendline 21.5008
  • Elliott1.3290
  • Closing1.4570
  • Ex-Low1.4149
  • Ex-High1.5029
  • Projection1.5482

Supports and Resistance levels

  • Support 11.4136
  • Support 21.3703
  • Resistance 11.5016
  • Resistance 21.5463
  • Pivot1.4583