Current upmove should continue up to 1.8322. Supports at 1.8219 and 1.8195. Stop Loss below 1.8171 limit.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.8235
  • Entry Point1.8255
  • Trendline 11.8267
  • Trendline 21.8266
  • Elliott1.8269
  • Closing1.8226
  • Ex-Low1.8165
  • Ex-High1.8267
  • Projection1.8163

Supports and Resistance levels

  • Support 11.8171
  • Support 21.8117
  • Resistance 11.8274
  • Resistance 21.8322
  • Pivot1.8219

One more dip to 1.8156 - 1.8118 is likely followed by a grind higher to 1.8231 - 1.8268. After which it can resume its downtrend.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.8109
  • Entry Point1.8123
  • Trendline 11.8188
  • Trendline 21.8098
  • Elliott1.8883
  • Closing1.8193
  • Ex-Low1.8119
  • Ex-High1.8269
  • Projection1.8100

Supports and Resistance levels

  • Support 11.8118
  • Support 21.8044
  • Resistance 11.8268
  • Resistance 21.8344
  • Pivot1.8194

It is a triangle configuration. Market should break either side. Acceleration should occur above 1.8883 or under 1.8171 limits.

Technical Forecast

  • Elliott Wave

    common flat resistance in downtrend

Key Points

  • Key Point1.7889
  • Entry Point1.8386
  • Trendline 11.8171
  • Trendline 21.8242
  • Elliott1.8883
  • Closing1.8208
  • Ex-Low1.8171
  • Ex-High1.8883
  • Projection1.7616

Supports and Resistance levels

  • Support 11.7958
  • Support 21.7708
  • Resistance 11.8671
  • Resistance 21.9133
  • Pivot1.8421