Midterm forecast: - While the price is above the support 1747.50, resumption of uptrend is expected.
- We make sure when the resistance at 1848.75 breaks.
- If the support at 1747.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis: - While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
- A peak is formed in daily chart at 1898.75 on 11/16/2020, so more losses minimum to Major Support (1747.50) is expected.
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index (RSI) is 31.
Supports and Resistances: - 1848.75
- Support on 11/09/2020
- Support on 09/28/2020
- Support on 09/25/2020
- Support on 09/24/2020
- 1817.75
- Resistance on 07/20/2020
- Resistance on 07/15/2020
- Resistance on 07/09/2020
- 1747.50
- Support on 06/26/2020
- Support on 06/23/2020
- Resistance on 06/19/2020
- Resistance on 06/11/2020
- Resistance on 06/02/2020
- Resistance on 05/21/2020
- Resistance on 05/20/2020
- Resistance on 05/19/2020
- Resistance on 05/18/2020
- Resistance on 05/15/2020
- Resistance on 04/14/2020
- 1688.65
- Support on 06/03/2020
- Support on 05/05/2020
- Support on 04/28/2020
- Resistance on 04/09/2020
- Resistance on 03/06/2020
- Resistance on 02/24/2020
- Support on 01/22/2013
- Resistance on 01/18/2013
- Resistance on 01/17/2013
- Resistance on 01/03/2013
- Resistance on 01/02/2013
- Support on 12/17/2012
- Support on 12/13/2012
- Support on 12/07/2012
- Support on 12/06/2012
- 1557.00
- Resistance on 03/23/2020
- Resistance on 03/17/2020
- Support on 03/12/2020
- Support on 01/24/2020
- Support on 01/23/2020
- Resistance on 01/16/2020
- Resistance on 01/15/2020
- Support on 01/07/2020
- Resistance on 09/04/2019
- Resistance on 08/26/2019
- Support on 04/11/2013
- Support on 04/10/2013
- Support on 04/03/2013
- Support on 02/21/2013
- Support on 02/20/2013
Click on the level to view price action history. |