While below 121.149002 - 121.386833 it could fall towards below 120.557838. Rise above 121.534622 could activate some bullish pattern.
Technical Forecast
-
Elliott Wave
elongated flat correction down
Key Points
- Key Point120.79
- Entry Point121.36
- Trendline 1121.46
- Trendline 2121.46
- Elliott121.92
- Closing121.15
- Ex-Low121.09
- Ex-High121.92
- Projection120.54
Supports and Resistance levels
- Support 1120.85
- Support 2120.56
- Resistance 1121.68
- Resistance 2122.22
- Pivot121.39
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