There is bearish potential for a fall to 120.102745 while 120.532372 - 120.674385 resist. After this fall a recovery up to 120.674385 or 120.816399 is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point120.17
  • Entry Point120.64
  • Trendline 1120.96
  • Trendline 2120.91
  • Elliott121.02
  • Closing120.39
  • Ex-Low120.25
  • Ex-High120.96
  • Projection120.18

Supports and Resistance levels

  • Support 1120.10
  • Support 2119.82
  • Resistance 1120.82
  • Resistance 2121.25
  • Pivot120.53

Currently uptrend should end around 120.713066 - 121.061348 area. A correction down to below 119.966942 is expected. A rise above 121.459190 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point121.11
  • Entry Point120.29
  • Trendline 1119.87
  • Trendline 2119.88
  • Elliott119.25
  • Closing120.66
  • Ex-Low119.67
  • Ex-High120.76
  • Projection121.48

Supports and Resistance levels

  • Support 1119.97
  • Support 2119.27
  • Resistance 1121.06
  • Resistance 2121.46
  • Pivot120.36

While below 120.982353 - 121.559738 it is more likely to fall further towards 119.956841 or 119.508713. Premature rise above 121.559738 could see it rising above 122.455994 zone.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point121.69
  • Entry Point120.98
  • Trendline 1119.31
  • Trendline 2121.42
  • Elliott115.87
  • Closing120.66
  • Ex-Low119.25
  • Ex-High121.30
  • Projection123.35

Supports and Resistance levels

  • Support 1119.51
  • Support 2118.35
  • Resistance 1121.56
  • Resistance 2122.46
  • Pivot120.40