Midterm forecast: - While the price is below the resistance 1.61900, resumption of downtrend is expected.
- We make sure when the support at 1.52750 breaks.
- If the resistance at 1.61900 is broken, the short-term forecast -resumption of downtrend- will be invalid.
Technical analysis: - The RSI bounced from the resistance #1 at 62 and it prevented price from more gains.
- The RSI support #2 at 49 is broken, so the probability of resumption of downtrend is increased.
- A peak is formed in daily chart at 1.5880 on 07/11/2018, so more losses to support(s) 1.5605, 1.5530, 1.5425 and minimum to Major Support (1.5275) 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 41.
Take Profits: - 1.5605
- Resistance on 06/15/2018
- Resistance on 06/14/2018
- Resistance on 05/23/2018
- Support on 02/21/2018
- Support on 02/20/2018
- Trough on 02/20/2018
- Support on 02/13/2018
- Support on 12/08/2017
- Support on 12/04/2017
- Support on 12/01/2017
- Support on 11/30/2017
- Resistance on 11/20/2017
- Resistance on 11/17/2017
- Resistance on 11/15/2017
- Resistance on 05/26/2016
- Resistance on 05/24/2016
- 1.5530
- Support on 06/18/2018
- Resistance on 06/11/2018
- Resistance on 06/08/2018
- Resistance on 06/01/2018
- Support on 05/22/2018
- Support on 05/21/2018
- Resistance on 12/21/2017
- Resistance on 12/20/2017
- Resistance on 12/14/2017
- Support on 12/12/2017
- Support on 12/06/2017
- Support on 12/05/2017
- Support on 11/24/2017
- Resistance on 11/22/2017
- Resistance on 06/06/2016
- Resistance on 06/02/2016
- Resistance on 05/31/2016
- Resistance on 05/30/2016
- Resistance on 05/26/2016
- Resistance on 05/25/2016
- Resistance on 05/24/2016
- Resistance on 05/23/2016
- Resistance on 05/19/2016
- Resistance on 05/18/2016
- Resistance on 05/17/2016
- Resistance on 05/12/2016
- Resistance on 05/11/2016
- Resistance on 05/06/2016
- Resistance on 02/22/2016
- Support on 02/16/2016
- Support on 02/05/2016
- Resistance on 02/03/2016
- Resistance on 02/02/2016
- Support on 01/21/2016
- Support on 01/15/2016
- Support on 01/14/2016
- Support on 01/13/2016
- Support on 01/08/2016
- Resistance on 10/30/2015
- Resistance on 10/29/2015
- Resistance on 10/28/2015
- Support on 10/20/2015
- Support on 10/19/2015
- Support on 10/16/2015
- 1.5425
- Support on 06/14/2018
- Trough on 06/14/2018
- Resistance on 06/04/2018
- Support on 05/25/2018
- Resistance on 01/31/2018
- Resistance on 01/16/2018
- Resistance on 01/15/2018
- Resistance on 01/12/2018
- Resistance on 01/04/2018
- Resistance on 01/03/2018
- Resistance on 01/02/2018
- Support on 12/20/2017
- Resistance on 06/07/2016
- Support on 05/18/2016
- Support on 05/17/2016
- Support on 05/11/2016
- Support on 05/10/2016
- Resistance on 05/05/2016
- Resistance on 05/04/2016
- Support on 02/04/2016
- Support on 02/03/2016
- Support on 01/28/2016
- Support on 01/27/2016
- Support on 01/26/2016
- Support on 01/21/2016
- Support on 01/13/2016
- Support on 01/12/2016
- Support on 01/11/2016
- Support on 01/08/2016
- Resistance on 11/03/2015
- Resistance on 10/28/2015
- Resistance on 10/23/2015
- 1.5275
- Support on 06/06/2018
- Support on 06/05/2018
- Support on 06/04/2018
- Trough on 06/04/2018
- Support on 01/30/2018
- Support on 01/29/2018
- Support on 01/24/2018
- Support on 01/23/2018
- Support on 01/22/2018
- Support on 01/19/2018
- Support on 01/18/2018
- Support on 01/17/2018
- Support on 12/27/2017
- 1.5075
- Support on 11/09/2017
- Support on 11/08/2017
- Support on 11/07/2017
- Support on 10/09/2017
- Resistance on 10/02/2017
- Resistance on 09/29/2017
- Resistance on 09/28/2017
- Resistance on 09/22/2017
- Resistance on 09/21/2017
- Resistance on 08/31/2017
- Resistance on 08/30/2017
- Resistance on 08/29/2017
- Resistance on 08/28/2017
- Resistance on 07/07/2017
- Peak on 07/07/2017
- Resistance on 07/06/2017
- Resistance on 05/26/2017
- Resistance on 05/25/2017
- Resistance on 05/22/2017
- Resistance on 05/18/2017
- Resistance on 09/15/2016
- Resistance on 09/14/2016
- Resistance on 09/13/2016
- 1.4910
- Support on 09/27/2017
- Support on 09/26/2017
- Support on 09/25/2017
- Support on 09/08/2017
- Support on 09/04/2017
- Support on 08/25/2017
- Resistance on 08/21/2017
- Resistance on 08/09/2017
- Resistance on 08/08/2017
- Resistance on 08/07/2017
- Resistance on 08/02/2017
- Support on 07/06/2017
- Resistance on 07/04/2017
- Resistance on 06/30/2017
- Resistance on 06/29/2017
- Support on 05/18/2017
- Support on 05/17/2017
- Resistance on 05/05/2017
- 1.4605
- Support on 07/27/2017
- Support on 07/24/2017
- Support on 07/21/2017
- Resistance on 07/19/2017
- Resistance on 05/01/2017
- Resistance on 04/28/2017
- Resistance on 04/27/2017
- Resistance on 04/26/2017
- Resistance on 01/02/2017
- Resistance on 12/30/2016
- Resistance on 12/23/2016
- Resistance on 11/09/2016
- Resistance on 10/14/2016
- Resistance on 10/13/2016
- Support on 09/30/2016
- Support on 09/27/2016
- Support on 09/08/2016
- Support on 09/07/2016
- Support on 09/06/2016
- Resistance on 08/15/2016
- Resistance on 08/12/2016
- Support on 07/27/2016
- Support on 07/26/2016
- Resistance on 04/26/2016
- Resistance on 04/25/2016
- Resistance on 04/22/2016
- Resistance on 04/21/2016
- Support on 04/14/2016
- Support on 03/10/2016
- Support on 03/09/2016
- 1.4445
- Support on 07/20/2017
- Support on 05/02/2017
- Resistance on 04/24/2017
- Resistance on 01/09/2017
- Support on 12/28/2016
- Support on 12/26/2016
- Support on 12/23/2016
- Resistance on 12/08/2016
- Resistance on 12/07/2016
- Resistance on 12/06/2016
- Resistance on 12/05/2016
- Resistance on 12/02/2016
- Resistance on 11/22/2016
- Resistance on 11/18/2016
- Resistance on 11/11/2016
- Resistance on 11/09/2016
- Resistance on 11/07/2016
- Support on 11/04/2016
- Resistance on 11/01/2016
- Resistance on 10/18/2016
- Support on 08/12/2016
- Support on 08/11/2016
- Support on 08/10/2016
- Support on 08/09/2016
- Support on 08/08/2016
- Support on 04/21/2016
- Support on 04/20/2016
- Support on 03/10/2016
- Support on 12/03/2015
- Support on 12/02/2015
- 1.4040
- Resistance on 04/03/2017
- Resistance on 03/30/2017
- Resistance on 03/17/2017
- Resistance on 03/16/2017
- Resistance on 03/15/2017
- Resistance on 02/09/2017
- Support on 02/02/2017
- Support on 01/19/2017
- Support on 05/27/2015
- Support on 05/22/2015
- Support on 05/21/2015
- Support on 05/20/2015
- Support on 05/19/2015
- Support on 05/12/2015
- Support on 05/06/2015
- Support on 05/05/2015
- Resistance on 04/09/2015
- Support on 03/31/2015
- Support on 03/30/2015
- Resistance on 03/26/2015
- Resistance on 03/18/2015
- Resistance on 03/11/2015
- Support on 03/09/2015
- Support on 03/06/2015
- Support on 01/23/2015
- Support on 01/22/2015
- Support on 01/19/2015
- Support on 01/16/2015
- Support on 09/11/2014
- Support on 09/10/2014
- Support on 09/03/2014
- Support on 09/01/2014
- Support on 11/07/2013
- Support on 07/05/2013
- Support on 06/28/2013
- Support on 06/19/2013
- Resistance on 06/17/2013
- Support on 06/12/2013
- Resistance on 06/10/2013
- Resistance on 10/04/2011
- Resistance on 08/11/2011
- Resistance on 08/09/2011
- Support on 03/22/2011
- Support on 03/16/2011
- Resistance on 11/05/2010
- Support on 11/03/2010
- Support on 11/01/2010
- Support on 10/27/2010
- Support on 10/26/2010
- Support on 10/25/2010
- Support on 10/19/2010
- Support on 10/14/2010
- Support on 10/13/2010
- Support on 10/12/2010
- Support on 09/30/2010
- Resistance on 09/27/2010
- Resistance on 09/23/2010
- Resistance on 09/22/2010
- Support on 09/06/2010
- Support on 09/03/2010
- Support on 09/02/2010
- Support on 09/01/2010
- Support on 06/24/2010
- Support on 06/23/2010
- Support on 06/22/2010
- Support on 06/21/2010
- Support on 05/06/2010
- 1.3675
- Support on 02/23/2017
- Support on 02/22/2017
- Support on 04/29/2015
- Support on 04/28/2015
- Support on 10/07/2011
- Support on 10/06/2011
- Support on 09/28/2011
- Support on 08/26/2011
- Support on 08/15/2011
- Support on 08/08/2011
- Resistance on 08/05/2011
- Resistance on 06/10/2011
- 1.2225
- Support on 04/04/2013
- Support on 04/03/2013
- Support on 03/28/2013
- Support on 03/27/2013
- Support on 03/26/2013
- Resistance on 11/12/2012
- Support on 11/09/2012
- Support on 11/08/2012
- Support on 11/07/2012
- Support on 09/07/2012
- Resistance on 08/31/2012
- Resistance on 07/05/2012
- Support on 02/20/2012
- Support on 02/08/2012
- Support on 02/07/2012
- Support on 02/02/2012
- Support on 01/17/2012
- 1.1600
- Support on 08/09/2012
- Support on 08/03/2012
- Support on 08/02/2012
Click on the level to view price action history. |