Midterm forecast: - 83.500 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis: - The descending flag taking shape suggests we will soon see another leg lower.
- The RSI bounced from the support #1 at 21 and it prevented price from more losses.
- While the RSI downtrend #2 is not broken, bearish wave in price would continue.
- A peak is formed in daily chart at 85.25 on 12/13/2018, so more losses to support(s) 80.55, 79.60, 78.80 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 27.
Supports and Resistances: - 91.65
- Resistance on 09/15/2017
- Peak on 09/15/2017
- Support on 12/04/2015
- Support on 12/03/2015
- Support on 11/30/2015
- Support on 11/27/2015
- Support on 11/24/2015
- Support on 11/23/2015
- 88.45
- Support on 10/03/2018
- Support on 01/23/2018
- Support on 01/22/2018
- Support on 01/19/2018
- Support on 01/17/2018
- Support on 01/11/2018
- Support on 01/10/2018
- Resistance on 12/20/2017
- Resistance on 12/12/2017
- Resistance on 12/11/2017
- Resistance on 12/08/2017
- Support on 10/27/2017
- Support on 10/26/2017
- Support on 09/08/2017
- Resistance on 09/05/2017
- Resistance on 09/04/2017
- Support on 07/28/2017
- Support on 07/27/2017
- Support on 07/24/2017
- Support on 07/21/2017
- Resistance on 07/11/2017
- Resistance on 07/10/2017
- Resistance on 07/07/2017
- Resistance on 01/09/2017
- Resistance on 01/06/2017
- Resistance on 01/04/2017
- Resistance on 12/19/2016
- Resistance on 12/14/2016
- Resistance on 12/12/2016
- 87.45
- Resistance on 10/10/2018
- Resistance on 09/21/2018
- Peak on 09/21/2018
- Resistance on 02/08/2018
- Support on 12/19/2017
- Support on 12/18/2017
- Support on 12/15/2017
- Support on 12/14/2017
- Support on 12/07/2017
- Support on 11/22/2017
- Support on 11/20/2017
- Support on 11/17/2017
- Support on 09/06/2017
- Resistance on 08/28/2017
- Resistance on 08/17/2017
- Resistance on 08/08/2017
- Support on 07/12/2017
- Resistance on 07/06/2017
- Resistance on 02/16/2017
- Resistance on 02/15/2017
- Resistance on 02/14/2017
- Resistance on 01/30/2017
- Support on 01/11/2017
- Support on 01/10/2017
- Support on 01/04/2017
- Resistance on 01/02/2017
- Support on 12/21/2016
- Support on 12/14/2016
- Resistance on 12/09/2016
- Support on 04/26/2016
- Support on 04/25/2016
- Resistance on 03/31/2016
- Support on 12/14/2015
- Support on 08/24/2015
- Resistance on 04/13/2011
- Resistance on 04/04/2011
- Resistance on 04/01/2011
- 86.30
- Resistance on 12/03/2018
- Resistance on 11/16/2018
- Resistance on 11/15/2018
- Resistance on 11/14/2018
- Resistance on 11/13/2018
- Resistance on 11/12/2018
- Resistance on 11/02/2018
- Resistance on 11/01/2018
- Resistance on 10/31/2018
- Resistance on 10/30/2018
- Support on 10/17/2018
- Support on 09/27/2018
- Resistance on 09/14/2018
- Resistance on 08/01/2018
- Peak on 08/01/2018
- 85.65
- Support on 12/03/2018
- Resistance on 11/29/2018
- Resistance on 11/28/2018
- Resistance on 11/23/2018
- Resistance on 11/22/2018
- Support on 11/16/2018
- Support on 11/15/2018
- Support on 11/14/2018
- Support on 11/01/2018
- Support on 10/31/2018
- Support on 10/25/2018
- Support on 10/23/2018
- Support on 10/22/2018
- Support on 10/19/2018
- Support on 10/18/2018
- Support on 10/15/2018
- Support on 10/11/2018
- Support on 09/18/2018
- Resistance on 09/12/2018
- Resistance on 08/27/2018
- Resistance on 08/07/2018
- Resistance on 08/06/2018
- Resistance on 07/19/2018
- Resistance on 07/17/2018
- Resistance on 07/16/2018
- Resistance on 07/13/2018
- Resistance on 06/06/2018
- Peak on 06/06/2018
- Support on 05/23/2018
- Support on 05/16/2018
- Resistance on 05/14/2018
- Resistance on 05/11/2018
- Resistance on 05/02/2018
- Resistance on 04/13/2018
- Resistance on 02/15/2018
- Support on 02/09/2018
- Support on 08/11/2017
- Support on 08/10/2017
- Resistance on 03/14/2017
- Resistance on 03/10/2017
- 84.25
- Support on 12/11/2018
- Support on 12/10/2018
- Support on 09/04/2018
- Support on 08/21/2018
- Support on 08/20/2018
- Support on 07/24/2018
- Trough on 07/24/2018
- Support on 07/11/2018
- Support on 07/09/2018
- Resistance on 07/05/2018
- Resistance on 07/04/2018
- Resistance on 07/03/2018
- Resistance on 07/02/2018
- Resistance on 06/29/2018
- Support on 06/08/2018
- Support on 06/07/2018
- Support on 06/05/2018
- Resistance on 05/29/2018
- Support on 04/20/2018
- Resistance on 04/09/2018
- Resistance on 04/06/2018
- Resistance on 04/05/2018
- Resistance on 02/28/2018
- Support on 02/26/2018
- Support on 06/27/2017
- Resistance on 06/23/2017
- Resistance on 06/22/2017
- Resistance on 06/16/2017
- Resistance on 03/31/2017
- Resistance on 03/21/2017
- Support on 03/17/2017
- Support on 02/28/2017
- Resistance on 11/29/2016
- Resistance on 11/25/2016
- Resistance on 06/10/2016
- Support on 05/31/2016
- Resistance on 05/20/2016
- Resistance on 05/04/2016
- Support on 03/15/2016
- 83.50
- Resistance on 12/20/2018
- Support on 12/18/2018
- Support on 12/06/2018
- Support on 06/18/2018
- Support on 05/31/2018
- Support on 05/30/2018
- Support on 05/29/2018
- Support on 04/09/2018
- Support on 04/06/2018
- Support on 04/05/2018
- Resistance on 03/13/2018
- Resistance on 03/12/2018
- Peak on 03/12/2018
- Resistance on 03/09/2018
- Support on 06/23/2017
- Support on 06/21/2017
- Resistance on 06/14/2017
- Resistance on 05/25/2017
- Resistance on 05/16/2017
- Resistance on 05/15/2017
- Resistance on 03/24/2017
- Resistance on 03/23/2017
- Support on 03/21/2017
- Support on 11/30/2016
- Resistance on 11/28/2016
- Resistance on 11/23/2016
- Resistance on 06/24/2016
- Resistance on 06/23/2016
- Resistance on 06/13/2016
- Support on 06/01/2016
- Support on 05/19/2016
- Support on 05/10/2016
- Support on 05/03/2016
- Support on 04/18/2016
- Support on 04/12/2016
- Resistance on 04/08/2016
- Support on 04/06/2016
- Support on 04/05/2016
- Support on 03/09/2016
- Resistance on 02/25/2016
- Resistance on 02/18/2016
- Resistance on 02/17/2016
- 82.15
- Support on 12/20/2018
- Support on 06/26/2018
- Support on 06/25/2018
- Trough on 06/25/2018
- Support on 06/22/2018
- Resistance on 03/27/2018
- Resistance on 03/26/2018
- Resistance on 03/15/2018
- Support on 03/13/2018
- Resistance on 06/09/2017
- Support on 05/30/2017
- Resistance on 05/04/2017
- Resistance on 05/03/2017
- Resistance on 05/02/2017
- Resistance on 04/27/2017
- Resistance on 04/26/2017
- Resistance on 04/24/2017
- Support on 04/12/2017
- Support on 04/11/2017
- Support on 04/07/2017
- Support on 04/06/2017
- Support on 04/04/2017
- Support on 03/27/2017
- Resistance on 11/18/2016
- Resistance on 07/21/2016
- Resistance on 07/19/2016
- Resistance on 07/18/2016
- Resistance on 07/15/2016
- Resistance on 07/14/2016
- Resistance on 06/22/2016
- Resistance on 06/21/2016
- Resistance on 06/16/2016
- Support on 06/14/2016
- Support on 06/06/2016
- Support on 06/03/2016
- Support on 05/06/2016
- Support on 04/08/2016
- Support on 04/07/2016
- 80.55
- Support on 03/19/2018
- Trough on 03/19/2018
- Support on 05/18/2017
- Support on 04/21/2017
- 79.60
- 78.80
- Support on 11/14/2016
- Resistance on 10/28/2016
- Resistance on 10/27/2016
- Resistance on 10/21/2016
- Support on 10/19/2016
- Resistance on 10/13/2016
- Resistance on 10/12/2016
- Resistance on 10/11/2016
- Resistance on 10/10/2016
- Resistance on 10/06/2016
- Resistance on 10/05/2016
- Support on 09/08/2016
- Support on 09/07/2016
- Resistance on 08/30/2016
- Resistance on 08/29/2016
- Resistance on 08/12/2016
- Resistance on 08/11/2016
- Support on 07/26/2016
- Support on 06/30/2016
- Support on 06/29/2016
- Support on 01/20/2016
- Support on 11/09/2012
- Support on 09/27/2012
- Support on 09/26/2012
- Support on 08/23/2012
- Support on 08/14/2012
- Support on 08/13/2012
- Support on 08/10/2012
- Support on 08/09/2012
- Resistance on 08/03/2012
- Resistance on 07/06/2012
- Resistance on 07/05/2012
- Resistance on 07/04/2012
- Resistance on 07/03/2012
- Resistance on 02/15/2012
- Resistance on 11/01/2011
- Resistance on 10/31/2011
- Resistance on 09/02/2011
- Resistance on 09/01/2011
- Resistance on 08/31/2011
- Resistance on 08/30/2011
- Resistance on 08/29/2011
- Resistance on 08/25/2011
- Resistance on 08/10/2011
- Resistance on 08/09/2011
- Support on 03/17/2011
- Support on 03/16/2011
- 75.40
- Support on 11/09/2016
- Support on 09/27/2016
- 72.15
- 68.85
Click on the level to view price action history. |