It looks set for gains to 2.4358. Supports at 2.4168 and 2.4113. A break of 2.3979 will damage this bullish structure.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 2.4429

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point2.4282
  • Entry Point2.4186
  • Trendline 12.4210
  • Trendline 22.4210
  • Elliott2.4090
  • Closing2.4247
  • Ex-Low2.4090
  • Ex-High2.4335
  • Projection2.4335

Supports and Resistance levels

  • Support 12.4113
  • Support 22.3979
  • Resistance 12.4358
  • Resistance 22.4469
  • Pivot2.4224

Market should hold major support at 2.4025 before rising towards 2.4402 or even 2.4556 limit.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 2.4059

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point2.4277
  • Entry Point2.4153
  • Trendline 12.4236
  • Trendline 22.4092
  • Elliott2.4968
  • Closing2.4249
  • Ex-Low2.4059
  • Ex-High2.4384
  • Projection2.3903

Supports and Resistance levels

  • Support 12.4077
  • Support 22.3906
  • Resistance 12.4402
  • Resistance 22.4556
  • Pivot2.4231

Preferred view is for a fall to 2.4351 - 2.4145 while 2.4683 - 2.4810 area resists. A clear break of 2.5221 would be bullish.

Technical Forecast

  • Elliott Wave

    correction zigzag 2.4130

Key Points

  • Key Point2.4160
  • Entry Point2.4564
  • Trendline 12.4463
  • Trendline 22.4556
  • Elliott2.4968
  • Closing2.4398
  • Ex-Low2.4303
  • Ex-High2.4968
  • Projection2.3932

Supports and Resistance levels

  • Support 12.4145
  • Support 22.3891
  • Resistance 12.4810
  • Resistance 22.5221
  • Pivot2.4556