Midterm forecast: - There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.11400 would begin in Midterm.
Technical analysis: - The ascending flag taking shape suggests we will soon see another leg higher.
- The RSI bounced from the resistance #1 at 75 and it prevented price from more gains.
- The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
- A peak is formed in daily chart at 1.1175 on 08/10/2018, so more losses to support(s) 1.0905, 1.0850, 1.0760 and more depths 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 47.
Take Profits: - 1.0905
- Resistance on 08/01/2018
- Resistance on 07/31/2018
- Resistance on 07/27/2018
- Resistance on 07/26/2018
- Resistance on 07/25/2018
- Resistance on 07/24/2018
- Resistance on 07/11/2018
- Resistance on 06/07/2018
- Resistance on 06/06/2018
- Resistance on 05/16/2018
- Resistance on 05/15/2018
- Support on 01/16/2018
- Support on 01/09/2018
- Support on 01/08/2018
- Support on 12/18/2017
- Support on 12/15/2017
- Support on 10/17/2017
- Resistance on 09/28/2017
- Support on 09/26/2017
- Support on 09/20/2017
- Resistance on 05/02/2017
- Resistance on 05/01/2017
- Resistance on 04/28/2017
- Resistance on 04/05/2017
- Resistance on 04/03/2017
- Resistance on 03/29/2017
- Resistance on 03/23/2017
- Support on 03/21/2017
- Support on 03/15/2017
- Resistance on 03/10/2017
- Resistance on 03/09/2017
- Resistance on 05/10/2016
- Resistance on 02/02/2016
- Resistance on 12/09/2015
- Support on 11/20/2015
- Resistance on 11/13/2015
- Resistance on 11/12/2015
- Resistance on 10/14/2015
- Support on 10/06/2015
- Support on 10/05/2015
- Support on 10/02/2015
- Support on 08/24/2015
- Support on 07/29/2015
- Resistance on 06/03/2015
- Support on 11/25/2014
- Resistance on 04/22/2014
- Resistance on 04/21/2014
- Resistance on 04/16/2014
- Resistance on 02/06/2014
- Resistance on 02/04/2014
- Resistance on 01/03/2014
- Resistance on 12/27/2013
- Resistance on 12/26/2013
- Resistance on 12/24/2013
- 1.0850
- Support on 07/06/2018
- Trough on 07/06/2018
- Resistance on 06/27/2018
- Resistance on 06/08/2018
- Support on 05/29/2018
- Support on 05/21/2018
- Resistance on 02/08/2018
- Resistance on 02/07/2018
- Resistance on 02/06/2018
- Support on 02/01/2018
- Support on 01/23/2018
- Support on 01/12/2018
- Support on 10/02/2017
- Support on 09/29/2017
- Support on 09/28/2017
- Support on 09/25/2017
- Resistance on 08/21/2017
- Resistance on 08/18/2017
- Resistance on 08/17/2017
- Resistance on 08/16/2017
- Resistance on 08/10/2017
- Resistance on 07/20/2017
- Support on 05/02/2017
- Support on 04/28/2017
- Resistance on 04/27/2017
- Resistance on 04/26/2017
- Resistance on 04/25/2017
- Resistance on 04/13/2017
- 1.0760
- Resistance on 06/25/2018
- Resistance on 06/22/2018
- Resistance on 06/21/2018
- Support on 06/13/2018
- Resistance on 05/04/2018
- Resistance on 03/22/2018
- Peak on 03/22/2018
- Resistance on 03/21/2018
- Resistance on 03/16/2018
- Resistance on 03/08/2018
- Resistance on 03/06/2018
- Resistance on 02/26/2018
- Resistance on 02/23/2018
- Resistance on 02/21/2018
- Resistance on 02/20/2018
- Resistance on 02/16/2018
- Resistance on 02/15/2018
- Support on 02/13/2018
- Support on 02/12/2018
- Support on 02/08/2018
- Support on 02/07/2018
- Support on 02/06/2018
- Support on 08/15/2017
- Support on 08/14/2017
- Resistance on 08/07/2017
- Resistance on 07/21/2017
- Support on 07/19/2017
- Resistance on 05/22/2017
- Resistance on 05/18/2017
- Support on 05/04/2017
- Resistance on 04/21/2017
- Support on 04/11/2017
- Support on 04/10/2017
- Support on 04/07/2017
- Resistance on 03/02/2017
- Resistance on 03/01/2017
- Resistance on 10/26/2016
- Resistance on 10/14/2016
- Resistance on 07/21/2016
- Resistance on 07/19/2016
- Resistance on 05/31/2016
- Resistance on 05/18/2016
- Support on 05/09/2016
- Support on 05/06/2016
- Support on 03/01/2016
- Support on 02/23/2016
- Support on 02/22/2016
- Support on 02/19/2016
- Support on 02/18/2016
- Resistance on 02/15/2016
- Resistance on 02/04/2016
- Support on 02/02/2016
- Support on 01/27/2016
- Resistance on 01/21/2016
- Support on 11/12/2015
- Support on 11/10/2015
- Support on 11/09/2015
- Support on 11/04/2015
- Resistance on 10/22/2015
- Resistance on 10/21/2015
- Resistance on 10/20/2015
- Resistance on 10/15/2015
- Support on 06/10/2015
- Support on 06/09/2015
- Support on 06/08/2015
- Support on 06/05/2015
- Support on 06/04/2015
- Support on 05/20/2015
- Support on 05/19/2015
- Support on 05/18/2015
- Support on 05/14/2015
- Resistance on 05/11/2015
- Resistance on 01/22/2015
- Support on 12/09/2014
- Support on 12/05/2014
- Support on 12/04/2014
- Support on 12/01/2014
- Resistance on 07/16/2014
- Resistance on 07/03/2014
- Support on 07/01/2014
- Support on 06/23/2014
- Support on 06/19/2014
- Support on 06/18/2014
- Support on 05/23/2014
- Support on 05/22/2014
- Support on 05/21/2014
- Support on 05/08/2014
- Resistance on 05/02/2014
- Support on 04/30/2014
- Support on 04/24/2014
- Support on 04/10/2014
- Support on 04/09/2014
- Support on 04/08/2014
- Support on 04/07/2014
- Resistance on 03/07/2014
- Support on 02/13/2014
- Support on 01/31/2014
- Support on 01/09/2014
- Support on 01/08/2014
- Support on 01/07/2014
- Resistance on 12/18/2013
- 1.0660
- Support on 06/19/2018
- Trough on 06/19/2018
- Support on 05/09/2018
- Support on 05/02/2018
- Resistance on 04/23/2018
- Resistance on 04/20/2018
- Resistance on 04/19/2018
- Resistance on 04/03/2018
- Resistance on 03/29/2018
- Support on 03/22/2018
- Support on 03/07/2018
- Support on 03/02/2018
- Trough on 03/02/2018
- Support on 08/02/2017
- Resistance on 07/31/2017
- Resistance on 07/28/2017
- Resistance on 07/27/2017
- Resistance on 07/24/2017
- Resistance on 07/17/2017
- Resistance on 07/14/2017
- Resistance on 05/25/2017
- Support on 04/20/2017
- Resistance on 02/28/2017
- Support on 02/27/2017
- Support on 02/23/2017
- Resistance on 02/13/2017
- Resistance on 11/16/2016
- Resistance on 11/15/2016
- Resistance on 11/14/2016
- 1.0500
- Support on 04/13/2018
- Support on 04/12/2018
- Support on 04/09/2018
- Resistance on 07/04/2017
- Resistance on 07/03/2017
- Resistance on 06/20/2017
- Resistance on 06/19/2017
- Resistance on 06/12/2017
- Resistance on 06/08/2017
- Resistance on 06/07/2017
- Resistance on 06/06/2017
- Resistance on 06/01/2017
- Support on 05/29/2017
- Resistance on 02/02/2017
- Support on 01/20/2017
- Support on 01/19/2017
- Support on 01/16/2017
- Support on 01/13/2017
- Resistance on 01/09/2017
- Resistance on 12/22/2016
- Resistance on 12/21/2016
- Resistance on 12/20/2016
- Resistance on 12/16/2016
- Resistance on 12/07/2016
- Resistance on 12/05/2016
- Resistance on 11/30/2016
- Resistance on 11/22/2016
- Support on 11/11/2016
- Support on 11/08/2016
- Support on 11/02/2016
- Support on 10/04/2016
- Support on 10/03/2016
- Resistance on 09/27/2016
- Support on 08/03/2016
- Support on 08/02/2016
- Support on 08/01/2016
- Resistance on 06/30/2016
- Resistance on 06/28/2016
- Resistance on 06/27/2016
- Resistance on 06/24/2016
- Resistance on 06/23/2016
- Support on 06/15/2016
- Support on 11/03/2015
- Support on 10/30/2015
- Support on 05/06/2015
- Resistance on 04/30/2015
- Resistance on 03/11/2015
- Resistance on 03/10/2015
- Resistance on 03/09/2015
- Resistance on 03/06/2015
- Support on 02/09/2015
- Support on 02/05/2015
- Resistance on 01/12/2015
- Resistance on 12/26/2014
- Support on 12/23/2014
- Support on 12/22/2014
- Support on 12/18/2014
- Support on 12/17/2014
- Support on 01/24/2014
- 1.0360
- Support on 02/01/2017
- Support on 01/31/2017
- Support on 01/30/2017
- Support on 01/26/2017
- Support on 01/25/2017
- Support on 01/03/2017
- Support on 01/02/2017
- Support on 12/30/2016
- Support on 12/29/2016
- Support on 12/28/2016
- Support on 11/09/2016
- 1.0255
- Support on 09/16/2016
- Support on 09/13/2016
- Support on 09/07/2016
- Support on 04/28/2015
- Resistance on 04/23/2015
- Resistance on 04/01/2015
- Resistance on 03/30/2015
- Support on 03/24/2015
- Support on 03/23/2015
- 1.0010
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