Currently uptrend should end around 1.4839 - 1.4891 area. A correction down to 1.4750 - 1.4715 is expected. A rise above 1.4962 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction 1.4910

Key Points

  • Key Point1.4874
  • Entry Point1.4770
  • Trendline 11.4680
  • Trendline 21.4715
  • Elliott1.4645
  • Closing1.4821
  • Ex-Low1.4680
  • Ex-High1.4856
  • Projection1.4910

Supports and Resistance levels

  • Support 11.4715
  • Support 21.4610
  • Resistance 11.4891
  • Resistance 21.4962
  • Pivot1.4786

Current rise should end around 1.5154. Objectives of this downmove are 1.4787 or 1.4564. A rise above 1.5298 is again bullish.

Technical Forecast

  • Elliott Wave

    flat correction up 1.5143

  • Trend Warning

    Warning: Imminent end of bullish move

Key Points

  • Key Point1.5143
  • Entry Point1.4947
  • Trendline 11.4677
  • Trendline 21.4943
  • Elliott1.4413
  • Closing1.5011
  • Ex-Low1.4707
  • Ex-High1.5074
  • Projection1.5201

Supports and Resistance levels

  • Support 11.4787
  • Support 21.4564
  • Resistance 11.5154
  • Resistance 21.5298
  • Pivot1.4931

Strength can extend to 1.5253 as declines are expected to find support at 1.4676. A fall below 1.4502 could turn it bearish.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 1.5163

Key Points

  • Key Point1.5190
  • Entry Point1.5014
  • Trendline 11.4804
  • Trendline 21.5030
  • Elliott1.3290
  • Closing1.4903
  • Ex-Low1.4450
  • Ex-High1.5201
  • Projection1.5482

Supports and Resistance levels

  • Support 11.4502
  • Support 21.4100
  • Resistance 11.5253
  • Resistance 21.5602
  • Pivot1.4851