It may attempt a test higher to 107.7750 - 108.3933 after which weakness may set it to a drift down to below 106.3933 limit.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction 108.5156

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point108.34
  • Entry Point107.13
  • Trendline 1107.73
  • Trendline 2107.32
  • Elliott105.92
  • Closing107.63
  • Ex-Low105.92
  • Ex-High107.92
  • Projection108.52

Supports and Resistance levels

  • Support 1106.39
  • Support 2105.16
  • Resistance 1108.39
  • Resistance 2109.16
  • Pivot107.16

Current fall is near an end of wave around 108.2933 - 107.6067 zone, a rally should then procede to above 109.8933. Fall below 106.6933 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    flat correction down 108.3062

  • Trend Warning

    Warning: Imminent end of bullish move - Harami

Key Points

  • Key Point108.64
  • Entry Point108.11
  • Trendline 1109.76
  • Trendline 2107.57
  • Elliott114.66
  • Closing108.98
  • Ex-Low108.52
  • Ex-High110.12
  • Projection107.22

Supports and Resistance levels

  • Support 1108.29
  • Support 2107.61
  • Resistance 1109.89
  • Resistance 2110.81
  • Pivot109.21

It is likely to fall towards 109.3000 - 106.8800 unless a corrective rally breaks the 113.1900 resistance. Stop above 114.4000 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 110.0914

  • Trend Warning

    Warning: Low Zone - Harami

Key Points

  • Key Point111.53
  • Entry Point112.46
  • Trendline 1113.97
  • Trendline 2113.40
  • Elliott117.94
  • Closing111.72
  • Ex-Low109.56
  • Ex-High114.66
  • Projection107.67

Supports and Resistance levels

  • Support 1109.30
  • Support 2106.88
  • Resistance 1114.40
  • Resistance 2117.08
  • Pivot111.98