Market should not go lower than 1.4623 - 1.4544. After this move down it should go up to 1.4755 - 1.4809 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 1.4531

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point1.4616
  • Entry Point1.4722
  • Trendline 11.4859
  • Trendline 21.4796
  • Elliott1.4922
  • Closing1.4652
  • Ex-Low1.4594
  • Ex-High1.4859
  • Projection1.4464

Supports and Resistance levels

  • Support 11.4544
  • Support 21.4437
  • Resistance 11.4809
  • Resistance 21.4967
  • Pivot1.4702

It should be subject to more sell off towards 1.4708 or 1.4671. Corrective upward swings should face resistance around 1.4873 area. A break of 1.4925 is bullish.

Technical Forecast

  • Elliott Wave

    flat correction up 1.4871

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point1.4852
  • Entry Point1.4779
  • Trendline 11.4701
  • Trendline 21.4773
  • Elliott1.4310
  • Closing1.4777
  • Ex-Low1.4639
  • Ex-High1.4819
  • Projection1.4967

Supports and Resistance levels

  • Support 11.4671
  • Support 21.4565
  • Resistance 11.4851
  • Resistance 21.4925
  • Pivot1.4745

It should test 1.4680 area after which a sell off down to 1.4343 or extended to 1.4097 area is expected.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point1.4574
  • Entry Point1.4623
  • Trendline 11.4770
  • Trendline 21.4573
  • Elliott1.4967
  • Closing1.4590
  • Ex-Low1.4310
  • Ex-High1.4770
  • Projection1.4353

Supports and Resistance levels

  • Support 11.4343
  • Support 21.4097
  • Resistance 11.4803
  • Resistance 21.5017
  • Pivot1.4557