If market stays below 2.3958 a fall to 2.3795 is expected. If market breaks the point 2.4014 it could reach the sky.

Technical Forecast

  • Elliott Wave

    extended impulse wave down 2.3760

Key Points

  • Key Point2.3928
  • Entry Point2.3915
  • Trendline 12.3940
  • Trendline 22.3986
  • Elliott2.4335
  • Closing2.3907
  • Ex-Low2.3789
  • Ex-High2.4008
  • Projection2.3760

Supports and Resistance levels

  • Support 12.3795
  • Support 22.3682
  • Resistance 12.4014
  • Resistance 22.4120
  • Pivot2.3901

Market should not go lower than 2.3825 - 2.3654. After this move down it should go up to 2.4111 - 2.4227 area.

Technical Forecast

  • Elliott Wave

    elongated flat resistance in downtrend 2.4059

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point2.3848
  • Entry Point2.3986
  • Trendline 12.4157
  • Trendline 22.4215
  • Elliott2.4968
  • Closing2.3887
  • Ex-Low2.3762
  • Ex-High2.4335
  • Projection2.3497

Supports and Resistance levels

  • Support 12.3654
  • Support 22.3422
  • Resistance 12.4227
  • Resistance 22.4568
  • Pivot2.3995

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