One move lower to 112.091171 or 111.653030 is anticipated while below 112.576942 - 112.796013 area. Stop loss above 113.062714 zone.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point113.15
  • Entry Point112.40
  • Trendline 1111.52
  • Trendline 2113.07
  • Elliott110.28
  • Closing112.53
  • Ex-Low111.92
  • Ex-High112.62
  • Projection113.59

Supports and Resistance levels

  • Support 1112.09
  • Support 2111.65
  • Resistance 1112.80
  • Resistance 2113.06
  • Pivot112.36

There are initial signs of a good corrective recovery towards 110.802071 or even 110.975624. Supports at 110.376694 and 110.124878 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point110.24
  • Entry Point110.68
  • Trendline 1110.28
  • Trendline 2111.19
  • Elliott111.13
  • Closing110.47
  • Ex-Low110.28
  • Ex-High111.13
  • Projection110.04

Supports and Resistance levels

  • Support 1110.12
  • Support 2109.78
  • Resistance 1110.98
  • Resistance 2111.48
  • Pivot110.63

The current rise has limited upside potential between 110.827774 and 111.528999. A correction down to 109.718422 - 109.310295 zone is expected. Then if 109.310295 area hold it should resume his uptrend. Needs to cross below 107.907845 to wriggle out of this bullish setup.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point127.89
  • Entry Point127.05
  • Trendline 1129.35
  • Trendline 2129.72
  • Elliott3.76
  • Closing110.71
  • Ex-Low108.72
  • Ex-High110.94
  • Projection114.74

Supports and Resistance levels

  • Support 1109.31
  • Support 2107.91
  • Resistance 1111.53
  • Resistance 2112.35
  • Pivot110.13