Currently uptrend should end around 1.3168 - 1.3184 area. A correction down to below 1.3079 is expected. A rise above 1.3226 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.3184
  • Entry Point1.3139
  • Trendline 11.3056
  • Trendline 21.3131
  • Elliott1.2981
  • Closing1.3143
  • Ex-Low1.3056
  • Ex-High1.3162
  • Projection1.3170

Supports and Resistance levels

  • Support 11.3079
  • Support 21.3015
  • Resistance 11.3184
  • Resistance 21.3226
  • Pivot1.3120

One move lower to 1.2853 or 1.2622 is anticipated while below 1.3127 - 1.3242 area. Stop loss above 1.3401 zone.

Technical Forecast

  • Elliott Wave

    null

Key Points

  • Key Point1.3220
  • Entry Point1.3010
  • Trendline 11.2749
  • Trendline 21.3043
  • Elliott1.2252
  • Closing1.3083
  • Ex-Low1.2781
  • Ex-High1.3170
  • Projection1.3506

Supports and Resistance levels

  • Support 11.2853
  • Support 21.2622
  • Resistance 11.3242
  • Resistance 21.3401
  • Pivot1.3011

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3390 or 1.3383 if support around 1.2871 hold. After which a pullback to 1.2871 - 1.2722 zone is possible.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.3402
  • Entry Point1.2802
  • Trendline 11.2420
  • Trendline 21.2501
  • Elliott1.2076
  • Closing1.3083
  • Ex-Low1.2360
  • Ex-High1.3170
  • Projection1.3895

Supports and Resistance levels

  • Support 11.2572
  • Support 21.2061
  • Resistance 11.3383
  • Resistance 21.3682
  • Pivot1.2871