Uptrend is still intact in a triangle configuration. It should continue to rally to 110.647690 or 110.641411 if support around 110.201080 hold. After which a pullback to 110.201080 - 110.066620 zone is possible.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point110.63
  • Entry Point110.08
  • Trendline 1109.75
  • Trendline 2109.87
  • Elliott109.56
  • Closing110.37
  • Ex-Low109.76
  • Ex-High110.47
  • Projection110.91

Supports and Resistance levels

  • Support 1109.93
  • Support 2109.49
  • Resistance 1110.64
  • Resistance 2110.91
  • Pivot110.20

Resistances lie around 109.953079 and 110.126190. It should test lower towards 109.397522 zone. A clear break of 109.635071 would be bearish.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point110.09
  • Entry Point110.00
  • Trendline 1109.43
  • Trendline 2110.37
  • Elliott108.50
  • Closing109.74
  • Ex-Low109.43
  • Ex-High110.16
  • Projection110.00

Supports and Resistance levels

  • Support 1109.40
  • Support 2109.05
  • Resistance 1110.13
  • Resistance 2110.51
  • Pivot109.78

It should try higher up to 109.440598 - 111.021523. Entry point 107.859680 or 106.790421. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point110.42
  • Entry Point107.56
  • Trendline 1111.03
  • Trendline 2107.89
  • Elliott104.70
  • Closing108.88
  • Ex-Low104.70
  • Ex-High110.00
  • Projection110.79

Supports and Resistance levels

  • Support 1105.72
  • Support 2102.56
  • Resistance 1111.02
  • Resistance 2113.16
  • Pivot107.86