Current upmove should be ended around 85.1400 - 85.5133. Any correction consolidation should find support in 84.4300 - 84.0933 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 85.5462

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point84.95
  • Entry Point84.43
  • Trendline 184.02
  • Trendline 284.15
  • Elliott83.89
  • Closing84.84
  • Ex-Low84.02
  • Ex-High85.44
  • Projection85.23

Supports and Resistance levels

  • Support 184.09
  • Support 283.35
  • Resistance 185.51
  • Resistance 286.19
  • Pivot84.77

Uptrend is still intact. It should continue to rally to 84.9000 or 85.6067 if supports at 84.1933 area hold. Then we anticipate a pullback to 84.1933 - 83.6750 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point85.88
  • Entry Point85.10
  • Trendline 184.00
  • Trendline 285.08
  • Elliott78.18
  • Closing84.57
  • Ex-Low82.78
  • Ex-High85.23
  • Projection88.24

Supports and Resistance levels

  • Support 183.16
  • Support 281.74
  • Resistance 185.61
  • Resistance 286.64
  • Pivot84.19

Market should hold major support at 79.0967 before rising towards 87.4667 or even 91.1133 limit.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point84.28
  • Entry Point84.86
  • Trendline 186.57
  • Trendline 283.82
  • Elliott91.46
  • Closing83.82
  • Ex-Low78.18
  • Ex-High86.47
  • Projection80.84

Supports and Resistance levels

  • Support 179.18
  • Support 274.53
  • Resistance 187.47
  • Resistance 291.11
  • Pivot82.82