Midterm forecast: - While the price is above the support 1.5480, beginning of uptrend is expected.
- We make sure when the resistance at 6.0515 breaks.
- If the support at 1.5480 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis: - There is a divergence in RSI and price between the trough at 3.2965 on 2019-07-16 and the trough at 2.4175 on 2019-09-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
- A trough is formed in daily chart at 2.4300 on 09/24/2019, so more gains to resistance(s) 3.0365, 3.5140, 4.3200 and maximum to Major Resistance (6.0515) 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 42.
Take Profits: - 4.6415
- Resistance on 07/27/2019
- Resistance on 07/26/2019
- Resistance on 07/25/2019
- Resistance on 07/24/2019
- Resistance on 07/14/2019
- Support on 05/10/2019
- Support on 04/30/2019
- Support on 04/29/2019
- Support on 04/26/2019
- Support on 04/25/2019
- Support on 04/24/2019
- Resistance on 11/19/2018
- Resistance on 11/18/2018
- Resistance on 11/17/2018
- Support on 11/15/2018
- Support on 11/14/2018
- Support on 09/18/2018
- Support on 09/17/2018
- Support on 09/11/2018
- Support on 09/09/2018
- Support on 09/08/2018
- Support on 08/21/2018
- Resistance on 08/14/2018
- Resistance on 03/18/2018
- 5.1140
- Support on 07/10/2019
- Resistance on 05/09/2019
- Support on 05/06/2019
- Support on 05/05/2019
- Support on 05/04/2019
- Resistance on 05/01/2019
- Support on 04/22/2019
- Support on 04/21/2019
- Support on 04/12/2019
- Support on 04/11/2019
- Support on 11/13/2018
- Support on 10/31/2018
- Support on 10/30/2018
- Support on 10/29/2018
- Support on 10/15/2018
- Support on 10/14/2018
- Support on 10/13/2018
- Support on 10/12/2018
- Support on 10/11/2018
- Support on 09/26/2018
- Support on 09/25/2018
- Support on 09/20/2018
- Resistance on 09/18/2018
- Support on 09/16/2018
- Support on 09/15/2018
- Support on 09/14/2018
- Resistance on 09/12/2018
- Resistance on 09/11/2018
- Resistance on 09/10/2018
- Resistance on 09/09/2018
- Resistance on 09/08/2018
- Resistance on 09/07/2018
- Support on 08/28/2018
- Resistance on 08/26/2018
- Resistance on 08/25/2018
- Resistance on 08/24/2018
- Resistance on 08/22/2018
- Resistance on 08/21/2018
- Resistance on 08/13/2018
- Support on 08/11/2018
- Support on 08/10/2018
- Support on 04/01/2018
- Support on 03/27/2018
- 6.0515
- Resistance on 07/09/2019
- Resistance on 07/08/2019
- Resistance on 07/07/2019
- Resistance on 07/06/2019
- Resistance on 07/04/2019
- Support on 06/29/2019
- Support on 06/10/2019
- Support on 06/09/2019
- Support on 06/07/2019
- Support on 06/06/2019
- Support on 06/05/2019
- Support on 06/04/2019
- Resistance on 05/23/2019
- Resistance on 05/18/2019
- Resistance on 05/14/2019
- Resistance on 04/10/2019
- Resistance on 10/15/2018
- Resistance on 10/10/2018
- Resistance on 10/09/2018
- Resistance on 10/08/2018
- Resistance on 09/28/2018
- Resistance on 09/27/2018
- Resistance on 09/24/2018
- Resistance on 09/23/2018
- Resistance on 09/22/2018
- Resistance on 09/21/2018
- Resistance on 08/28/2018
- Resistance on 04/10/2018
- Resistance on 04/09/2018
- Resistance on 04/06/2018
- Resistance on 04/05/2018
- Resistance on 04/04/2018
- Resistance on 04/03/2018
- Resistance on 03/31/2018
- Resistance on 03/30/2018
- Resistance on 03/27/2018
- Support on 03/22/2018
- Support on 03/21/2018
- 6.7520
- Resistance on 06/27/2019
- Support on 06/20/2019
- Support on 06/19/2019
- Support on 06/18/2019
- Resistance on 06/08/2019
- Resistance on 06/07/2019
- Resistance on 05/16/2019
- Resistance on 09/03/2018
- Resistance on 09/02/2018
- Resistance on 09/01/2018
- Support on 08/03/2018
- Support on 08/02/2018
- Support on 07/15/2018
- Support on 07/14/2018
- Support on 07/11/2018
- Support on 03/24/2018
- Resistance on 03/22/2018
- Resistance on 03/21/2018
- 7.6735
- Resistance on 06/23/2019
- Resistance on 06/03/2019
- Support on 06/01/2019
- Support on 05/31/2019
- Support on 05/30/2019
- Resistance on 05/27/2019
- Support on 07/30/2018
- Support on 07/24/2018
- Support on 07/23/2018
- Support on 07/21/2018
- Support on 07/20/2018
- Support on 07/01/2018
- Resistance on 06/29/2018
- Support on 06/27/2018
- Support on 06/26/2018
- Support on 06/25/2018
- Support on 06/24/2018
- Resistance on 04/11/2018
- Support on 03/04/2018
- Support on 02/26/2018
- Support on 02/25/2018
- Support on 02/24/2018
- Support on 02/23/2018
- Support on 02/22/2018
- Support on 02/08/2018
- Support on 02/07/2018
- 9.8555
- Support on 06/14/2018
- Support on 06/13/2018
- Support on 06/12/2018
- Support on 06/11/2018
- Support on 04/21/2018
- Resistance on 02/20/2018
- Resistance on 02/16/2018
- Resistance on 02/15/2018
- 12.3640
- Resistance on 05/30/2018
- Resistance on 05/29/2018
- Resistance on 05/28/2018
- Resistance on 05/25/2018
- Resistance on 05/24/2018
- 14.8615
- Resistance on 06/09/2018
- Resistance on 06/08/2018
- Resistance on 06/04/2018
- Resistance on 06/03/2018
- Resistance on 06/02/2018
- Resistance on 05/12/2018
- 18.4395
- Resistance on 05/10/2018
- Resistance on 05/08/2018
- Resistance on 05/07/2018
- Resistance on 05/05/2018
- Resistance on 05/01/2018
- 22.9885
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