Midterm forecast: - While the price is above the support 107.650, beginning of uptrend is expected.
- We make sure when the resistance at 111.950 breaks.
- If the support at 107.650 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis: - The RSI bounced from the support #1 at 22 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 111.95 on 04/12/2019, so more losses to support(s) 108.10 and minimum to Major Support (107.65) 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 37.
Take Profits: - 109.10
- Resistance on 05/06/2019
- Support on 05/03/2019
- Support on 04/30/2019
- Support on 02/11/2019
- Support on 01/31/2019
- Support on 05/29/2018
- Support on 05/14/2018
- Support on 05/03/2018
- 109.90
- Support on 03/11/2019
- Support on 03/08/2019
- Trough on 03/08/2019
- Support on 02/19/2019
- Support on 02/05/2019
- Support on 02/04/2019
- Support on 01/29/2019
- Support on 01/25/2019
- Support on 01/24/2019
- Support on 01/21/2019
- Support on 01/16/2019
- Support on 01/15/2019
- Support on 01/14/2019
- Support on 01/07/2019
- Resistance on 01/04/2019
- Support on 01/02/2019
- Support on 05/31/2018
- Support on 05/28/2018
- Support on 05/25/2018
- Support on 05/24/2018
- Resistance on 05/14/2018
- Support on 05/02/2018
- Resistance on 04/20/2017
- Support on 04/10/2017
- Support on 04/07/2017
- Support on 04/06/2017
- Support on 04/04/2017
- 110.50
- Support on 03/28/2019
- Support on 03/25/2019
- Support on 03/22/2019
- Resistance on 03/12/2019
- Support on 02/27/2019
- Support on 02/26/2019
- Support on 02/25/2019
- Support on 02/22/2019
- Support on 02/21/2019
- Support on 02/20/2019
- Resistance on 01/29/2019
- Resistance on 01/25/2019
- Resistance on 01/24/2019
- Resistance on 01/15/2019
- Resistance on 01/14/2019
- Resistance on 01/11/2019
- Support on 06/28/2018
- Support on 06/27/2018
- Support on 06/20/2018
- Support on 06/19/2018
- Support on 06/04/2018
- Resistance on 05/31/2018
- Support on 05/23/2018
- Support on 05/18/2018
- Resistance on 05/16/2018
- Support on 04/19/2018
- Support on 03/23/2018
- Support on 04/04/2017
- Support on 04/03/2017
- 111.95
- Resistance on 04/12/2019
- Peak on 04/12/2019
- Resistance on 04/03/2019
- Resistance on 03/20/2019
- Resistance on 03/05/2019
- Resistance on 03/01/2019
- Support on 12/28/2018
- Support on 11/01/2018
- Support on 10/31/2018
- Support on 10/29/2018
- Support on 10/26/2018
- Resistance on 08/21/2018
- Resistance on 08/15/2018
- Resistance on 08/14/2018
- Support on 08/02/2018
- Resistance on 07/27/2018
- Support on 07/23/2018
- Support on 07/16/2018
- Resistance on 07/10/2018
- Resistance on 07/09/2018
- Resistance on 07/03/2018
- Resistance on 07/02/2018
- Resistance on 06/29/2018
- Resistance on 06/14/2018
- Resistance on 06/13/2018
- Resistance on 06/12/2018
- Resistance on 06/08/2018
- Resistance on 06/07/2018
- Resistance on 06/06/2018
- Resistance on 05/22/2018
- Resistance on 04/16/2018
- Resistance on 04/13/2018
- Resistance on 04/09/2018
- Resistance on 03/27/2018
- Resistance on 03/21/2018
- Resistance on 03/20/2018
- Support on 03/12/2018
- 113.40
- Support on 12/14/2018
- Support on 12/07/2018
- Support on 12/06/2018
- Resistance on 11/20/2018
- Resistance on 11/12/2018
- Resistance on 11/09/2018
- Resistance on 11/08/2018
- Resistance on 11/07/2018
- Resistance on 10/22/2018
- Resistance on 10/18/2018
- Resistance on 10/17/2018
- Resistance on 10/16/2018
- Resistance on 10/15/2018
- Resistance on 10/12/2018
- Resistance on 08/27/2018
- Support on 12/18/2017
- Support on 12/15/2017
- Support on 12/14/2017
- Support on 12/06/2017
- Support on 11/30/2017
- Support on 11/09/2017
- Support on 11/08/2017
- Support on 10/31/2017
- Support on 10/30/2017
- Support on 09/08/2017
- Support on 08/25/2017
- Resistance on 08/23/2017
- Resistance on 08/22/2017
- Resistance on 08/21/2017
- Resistance on 08/14/2017
- Support on 08/11/2017
- Support on 08/10/2017
- Support on 08/04/2017
- Support on 08/03/2017
- Support on 06/13/2017
- Support on 06/12/2017
- Support on 06/09/2017
- Support on 06/08/2017
- Support on 06/07/2017
- Support on 06/06/2017
- Support on 05/31/2017
- Support on 05/30/2017
- Support on 05/19/2017
- Resistance on 05/12/2017
- Resistance on 05/11/2017
- Resistance on 05/10/2017
- Resistance on 05/09/2017
- Resistance on 05/03/2017
- Support on 03/14/2017
- Support on 03/13/2017
- Resistance on 03/03/2017
- Resistance on 02/13/2017
- Resistance on 02/10/2017
- Resistance on 02/06/2017
- Support on 02/03/2017
- Support on 02/02/2017
- Resistance on 01/17/2017
- Resistance on 01/16/2017
- Support on 01/13/2017
- Support on 01/12/2017
- Support on 01/11/2017
- Support on 12/29/2016
- Resistance on 12/09/2016
- Resistance on 12/07/2016
- Resistance on 12/06/2016
- Resistance on 12/05/2016
- Resistance on 04/21/2016
- Resistance on 04/15/2016
- Support on 03/10/2016
- Support on 03/07/2016
- Support on 02/25/2016
- Support on 02/19/2016
- Support on 01/15/2015
- Support on 10/03/2014
- Support on 10/02/2014
- Resistance on 09/08/2014
- Support on 09/02/2014
- Support on 08/25/2014
- Resistance on 08/18/2014
- Resistance on 08/04/2014
- Resistance on 08/01/2014
- Support on 07/15/2014
- Support on 07/11/2014
- Support on 07/10/2014
- Support on 06/27/2014
- Support on 06/26/2014
- Support on 06/17/2014
- Support on 06/16/2014
- Support on 05/23/2014
- Support on 05/22/2014
- Support on 05/21/2014
- Support on 05/20/2014
- Support on 05/19/2014
- Resistance on 02/06/2014
- Support on 12/06/2013
- Resistance on 12/03/2013
- 114.60
- Resistance on 12/11/2018
- Peak on 12/11/2018
- Resistance on 10/08/2018
- Support on 10/04/2018
- Resistance on 09/10/2018
- Resistance on 09/04/2018
- Resistance on 09/03/2018
- Resistance on 08/31/2018
- Resistance on 02/23/2018
- Support on 02/21/2018
- Support on 02/15/2018
- Support on 02/14/2018
- Support on 01/16/2018
- Support on 01/15/2018
- Resistance on 12/26/2017
- Resistance on 12/19/2017
- Resistance on 12/13/2017
- Resistance on 12/12/2017
- Resistance on 12/11/2017
- Resistance on 11/30/2017
- Resistance on 11/06/2017
- Support on 10/18/2017
- Support on 10/17/2017
- Support on 10/16/2017
- Support on 10/13/2017
- Resistance on 09/14/2017
- Resistance on 09/11/2017
- Resistance on 09/05/2017
- Resistance on 09/04/2017
- Resistance on 08/28/2017
- Support on 06/27/2017
- Support on 06/26/2017
- Resistance on 06/22/2017
- Resistance on 06/21/2017
- Resistance on 06/20/2017
- Resistance on 06/06/2017
- Resistance on 06/05/2017
- Resistance on 06/01/2017
- Resistance on 05/24/2017
- Resistance on 05/23/2017
- Resistance on 05/22/2017
- Resistance on 05/19/2017
- Resistance on 02/01/2017
- Resistance on 01/31/2017
- Resistance on 01/26/2017
- Resistance on 01/20/2017
- Resistance on 01/10/2017
- Resistance on 12/28/2016
- Resistance on 12/23/2016
- Resistance on 12/22/2016
- Resistance on 12/21/2016
- Resistance on 12/20/2016
- Resistance on 04/26/2016
- Support on 04/06/2016
- Support on 03/22/2016
- Support on 03/21/2016
- Support on 03/18/2016
- Support on 03/17/2016
- Support on 03/16/2016
- Support on 03/15/2016
- Support on 03/11/2016
- Resistance on 03/04/2016
- Resistance on 03/03/2016
- Resistance on 03/02/2016
- Support on 02/17/2016
- Support on 02/12/2016
- Support on 02/11/2016
- Support on 01/15/2015
- Support on 01/14/2015
- 116.15
- Resistance on 09/14/2018
- Resistance on 02/12/2018
- Resistance on 02/09/2018
- Support on 01/31/2018
- Resistance on 01/08/2018
- Resistance on 01/05/2018
- Resistance on 09/29/2017
- Resistance on 09/28/2017
- Resistance on 09/27/2017
- Resistance on 09/20/2017
- Resistance on 09/19/2017
- Resistance on 09/18/2017
- 118.55
Click on the level to view price action history. |