Decline should be supported around 112.156075 - 111.954918 zone for rally to above 112.679314. A clear break of 111.954918 will damage this expected rally.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point112.18
  • Entry Point112.49
  • Trendline 1112.36
  • Trendline 2113.03
  • Elliott112.80
  • Closing112.36
  • Ex-Low112.28
  • Ex-High112.80
  • Projection112.02

Supports and Resistance levels

  • Support 1112.16
  • Support 2111.95
  • Resistance 1112.68
  • Resistance 2113.00
  • Pivot112.48

Uptrend is still intact in a triangle configuration. It should continue to rally to 113.149124 or 113.320663 if support around 111.836815 hold. After which a pullback to 111.836815 - 111.355103 zone is possible.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point113.14
  • Entry Point111.61
  • Trendline 1110.79
  • Trendline 2110.84
  • Elliott109.37
  • Closing112.36
  • Ex-Low110.35
  • Ex-High112.80
  • Projection114.10

Supports and Resistance levels

  • Support 1110.87
  • Support 2109.39
  • Resistance 1113.32
  • Resistance 2114.28
  • Pivot111.84

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