Midterm forecast: - While the price is above the support 78.650, beginning of uptrend is expected.
- We make sure when the resistance at 83.900 breaks.
- If the support at 78.650 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 80.495 on 2018-03-23 and the trough at 78.68 on 2018-09-07, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
- The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
- While the RSI support #2 at 50 is not broken, the probability of price decrease would be too low.
- Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
- Relative strength index (RSI) is 61.
Take Profits: - 82.50
- Resistance on 09/26/2018
- Resistance on 08/09/2018
- Resistance on 08/06/2018
- Resistance on 08/03/2018
- Resistance on 07/24/2018
- Support on 07/20/2018
- Support on 07/19/2018
- Support on 06/08/2018
- Resistance on 05/31/2018
- Resistance on 05/30/2018
- Support on 05/28/2018
- Support on 05/25/2018
- Support on 05/24/2018
- Support on 05/23/2018
- Resistance on 05/15/2018
- Resistance on 05/11/2018
- Resistance on 05/10/2018
- Support on 04/27/2018
- Support on 04/26/2018
- Support on 04/25/2018
- Support on 04/24/2018
- Support on 04/23/2018
- Support on 04/20/2018
- Resistance on 04/09/2018
- Resistance on 04/06/2018
- Resistance on 04/04/2018
- Resistance on 03/22/2018
- Resistance on 03/21/2018
- 83.10
- Resistance on 08/01/2018
- Resistance on 07/31/2018
- Resistance on 07/10/2018
- Support on 06/08/2018
- Resistance on 05/28/2018
- Support on 05/23/2018
- Resistance on 04/24/2018
- Resistance on 04/20/2018
- Resistance on 03/08/2018
- Resistance on 03/07/2018
- Resistance on 03/06/2018
- Resistance on 03/01/2018
- Support on 06/15/2017
- Resistance on 06/13/2017
- Resistance on 06/12/2017
- Resistance on 06/09/2017
- Resistance on 06/08/2017
- Support on 05/23/2017
- Support on 05/08/2017
- Support on 05/05/2017
- Support on 05/04/2017
- Support on 05/01/2017
- Resistance on 04/27/2017
- Support on 04/10/2017
- Support on 04/07/2017
- Support on 04/06/2017
- Resistance on 11/23/2016
- Support on 04/13/2016
- Support on 04/06/2016
- Support on 04/05/2016
- Support on 03/04/2016
- Support on 02/03/2016
- Support on 01/28/2016
- Resistance on 01/26/2016
- Resistance on 01/13/2016
- Resistance on 01/11/2016
- Resistance on 01/08/2016
- Support on 09/29/2015
- Support on 09/24/2015
- Support on 08/24/2015
- Support on 11/15/2012
- Support on 11/07/2012
- Support on 11/06/2012
- Resistance on 10/31/2012
- Resistance on 10/26/2012
- Resistance on 10/25/2012
- Resistance on 09/17/2012
- Resistance on 09/14/2012
- Resistance on 08/20/2012
- Resistance on 08/14/2012
- Resistance on 08/08/2012
- Resistance on 08/07/2012
- Resistance on 08/06/2012
- Resistance on 08/03/2012
- Support on 04/30/2012
- Support on 04/24/2012
- Support on 04/17/2012
- Support on 04/16/2012
- Support on 02/14/2012
- Support on 02/09/2012
- Resistance on 02/07/2012
- Resistance on 11/01/2011
- Resistance on 10/31/2011
- Resistance on 08/05/2011
- Support on 08/02/2011
- Support on 07/13/2011
- 83.90
- Resistance on 07/19/2018
- Resistance on 06/13/2018
- Resistance on 06/12/2018
- Resistance on 06/11/2018
- Resistance on 04/19/2018
- Resistance on 04/13/2018
- Resistance on 03/14/2018
- Resistance on 03/13/2018
- Resistance on 03/12/2018
- Resistance on 03/09/2018
- Support on 02/26/2018
- Support on 02/21/2018
- Support on 02/19/2018
- Support on 02/16/2018
- Support on 02/15/2018
- Support on 02/14/2018
- 84.50
- Resistance on 06/07/2018
- Resistance on 06/06/2018
- Resistance on 05/22/2018
- Resistance on 03/13/2018
- Support on 02/14/2018
- Support on 02/13/2018
- Support on 02/09/2018
- Support on 02/08/2018
- Support on 11/29/2017
- Support on 11/23/2017
- Support on 11/20/2017
- 85.85
- Resistance on 02/08/2018
- Support on 02/06/2018
- Support on 02/05/2018
- Resistance on 12/12/2017
- Resistance on 12/06/2017
- Resistance on 12/05/2017
- Resistance on 12/04/2017
- Resistance on 11/17/2017
- Support on 08/29/2017
- Support on 08/24/2017
- Support on 08/11/2017
- Support on 07/05/2017
- Support on 07/04/2017
- Resistance on 06/28/2017
- Resistance on 03/31/2017
- Support on 03/21/2017
- Support on 03/09/2017
- Support on 02/28/2017
- Support on 02/27/2017
- Support on 02/24/2017
- Support on 02/02/2017
- Support on 01/30/2017
- Support on 01/19/2017
- Resistance on 01/16/2017
- Resistance on 01/09/2017
- Resistance on 12/21/2016
- Support on 12/16/2016
- Support on 12/12/2016
- Resistance on 04/21/2016
- Resistance on 04/20/2016
- Resistance on 04/04/2016
- Support on 03/31/2016
- Support on 03/30/2016
- Resistance on 03/23/2016
- Resistance on 03/17/2016
- Resistance on 01/29/2016
- Support on 01/04/2016
- Support on 11/03/2015
- Support on 10/28/2015
- Support on 10/08/2015
- 87.00
- Resistance on 12/20/2017
- Support on 11/09/2017
- Support on 11/08/2017
- Support on 11/07/2017
- Support on 11/01/2017
- Support on 10/27/2017
- Support on 09/11/2017
- Support on 09/07/2017
- Support on 09/04/2017
- Support on 08/31/2017
- Resistance on 08/28/2017
- Resistance on 08/25/2017
- Resistance on 08/22/2017
- Resistance on 08/18/2017
- Resistance on 08/10/2017
- Resistance on 07/12/2017
- Resistance on 07/11/2017
- Resistance on 07/10/2017
- Resistance on 07/04/2017
- Resistance on 07/03/2017
- Resistance on 03/21/2017
- Support on 03/16/2017
- Resistance on 03/14/2017
- Resistance on 03/13/2017
- Resistance on 03/10/2017
- Resistance on 03/07/2017
- Resistance on 02/24/2017
- Support on 02/22/2017
- Support on 02/16/2017
- Resistance on 02/10/2017
- Resistance on 01/27/2017
- Resistance on 01/20/2017
- Resistance on 01/19/2017
- Resistance on 12/16/2016
- Resistance on 12/15/2016
- Support on 12/22/2015
- Support on 12/17/2015
- Support on 12/15/2015
- Support on 12/14/2015
- Support on 11/16/2015
- Resistance on 11/11/2015
- Resistance on 11/10/2015
- Resistance on 11/09/2015
- Resistance on 11/06/2015
- Resistance on 11/05/2015
- Resistance on 11/04/2015
- Resistance on 11/03/2015
- Resistance on 10/22/2015
- Resistance on 10/21/2015
- Resistance on 10/20/2015
- Support on 10/09/2015
- Resistance on 10/07/2015
- Resistance on 09/18/2015
- Resistance on 09/17/2015
- Resistance on 08/31/2015
- 89.05
- Resistance on 01/23/2018
- Resistance on 01/22/2018
- Resistance on 01/19/2018
- Resistance on 01/18/2018
- Resistance on 01/17/2018
- Resistance on 01/08/2018
- Resistance on 01/05/2018
- Resistance on 10/23/2017
- Resistance on 10/20/2017
- Resistance on 10/19/2017
- Support on 09/22/2017
- Support on 09/21/2017
- Resistance on 09/18/2017
- Resistance on 09/15/2017
- Resistance on 07/27/2017
- Resistance on 07/26/2017
- Resistance on 07/21/2017
- Resistance on 07/20/2017
- Resistance on 07/19/2017
- Resistance on 07/18/2017
- Resistance on 12/10/2015
- Resistance on 12/09/2015
- Resistance on 11/30/2015
- Resistance on 11/26/2015
- Resistance on 11/25/2015
- Resistance on 11/20/2015
- Resistance on 08/24/2015
- Support on 07/09/2015
- Support on 01/31/2014
- Support on 01/30/2014
- Support on 01/29/2014
- Support on 09/03/2013
- Resistance on 08/27/2013
- Resistance on 08/26/2013
- Resistance on 08/23/2013
- Resistance on 08/22/2013
- Resistance on 08/20/2013
- Resistance on 08/12/2013
- Resistance on 08/02/2013
- Resistance on 08/01/2013
- Resistance on 07/31/2013
- Support on 06/21/2013
- Support on 06/20/2013
- Support on 06/13/2013
- Resistance on 12/17/2012
- 90.30
- Resistance on 09/21/2017
- Resistance on 12/03/2015
- Resistance on 12/02/2015
- Support on 08/20/2015
- Support on 08/12/2015
- Support on 08/04/2015
- Support on 08/03/2015
- Support on 07/31/2015
- Support on 07/30/2015
- Support on 07/29/2015
- Support on 07/10/2015
- Support on 07/07/2015
- Support on 04/02/2015
- Support on 02/03/2015
- Support on 02/06/2014
- Support on 02/05/2014
Click on the level to view price action history. |