Market should not go lower than 2.1666. After this move down it should go up to 2.2172 area.

Technical Forecast

  • Elliott Wave

    extended impulse wave down 2.1760

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point2.1832
  • Entry Point2.1994
  • Trendline 12.2239
  • Trendline 22.2117
  • Elliott2.2744
  • Closing2.1908
  • Ex-Low2.1849
  • Ex-High2.2274
  • Projection2.1760

Supports and Resistance levels

  • Support 12.1747
  • Support 22.1585
  • Resistance 12.2172
  • Resistance 22.2435
  • Pivot2.2010

Market should hold major support at 2.2314 before rising towards 2.2922 or even 2.3190 limit.

Technical Forecast

  • Elliott Wave

    flat correction down 2.2438

Key Points

  • Key Point2.2622
  • Entry Point2.2665
  • Trendline 12.2688
  • Trendline 22.2673
  • Elliott2.3890
  • Closing2.2654
  • Ex-Low2.2304
  • Ex-High2.2881
  • Projection2.2190

Supports and Resistance levels

  • Support 12.2345
  • Support 22.2036
  • Resistance 12.2922
  • Resistance 22.3190
  • Pivot2.2613

There are initial signs of a good corrective recovery towards 2.3388 or even 2.4093. Supports at 2.2628 and 2.2275 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 2.2314

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point2.2497
  • Entry Point2.3040
  • Trendline 12.2538
  • Trendline 22.2872
  • Elliott2.3890
  • Closing2.2683
  • Ex-Low2.2572
  • Ex-High2.3685
  • Projection2.2190

Supports and Resistance levels

  • Support 12.2275
  • Support 22.1867
  • Resistance 12.3388
  • Resistance 22.4093
  • Pivot2.2980