Current rise should end around 121.730255 or 121.872002. Objectives of this downmove are 121.389503 or 121.106003. A rise above 122.070999 is again bullish.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point121.94
  • Entry Point121.75
  • Trendline 1121.30
  • Trendline 2121.82
  • Elliott120.79
  • Closing121.67
  • Ex-Low121.31
  • Ex-High121.79
  • Projection122.26

Supports and Resistance levels

  • Support 1121.39
  • Support 2121.11
  • Resistance 1121.87
  • Resistance 2122.07
  • Pivot121.59

Market should not go lower than 120.990509 - 120.384674. After this move down it should go up to 121.935501 - 122.274673 area.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point120.26
  • Entry Point121.39
  • Trendline 1122.81
  • Trendline 2121.88
  • Elliott123.74
  • Closing121.06
  • Ex-Low120.92
  • Ex-High122.81
  • Projection120.04

Supports and Resistance levels

  • Support 1120.38
  • Support 2119.71
  • Resistance 1122.27
  • Resistance 2123.49
  • Pivot121.60

Market should not go lower than 120.990509 - 119.581345. After this move down it should go up to 123.140518 - 123.881363 area.

Technical Forecast

  • Elliott Wave

    elongated flat resistance in downtrend

Key Points

  • Key Point119.80
  • Entry Point122.40
  • Trendline 1125.28
  • Trendline 2123.62
  • Elliott127.50
  • Closing121.06
  • Ex-Low120.92
  • Ex-High125.22
  • Projection118.90

Supports and Resistance levels

  • Support 1119.58
  • Support 2118.10
  • Resistance 1123.88
  • Resistance 2126.70
  • Pivot122.40