Midterm forecast: - While the price is above the support 1.11800, beginning of uptrend is expected.
- We make sure when the resistance at 1.15300 breaks.
- If the support at 1.11800 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 1.13005 on 2018-08-15 and the trough at 1.12155 on 2018-11-12, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
- While the RSI uptrend #1 is not broken, bullish wave in price would continue.
- A trough is formed in daily chart at 1.1288 on 01/24/2019, so more gains to resistance(s) 1.1430 and maximum to Major Resistance (1.1530) is expected.
- Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
- Relative strength index (RSI) is 51.
Take Profits: - 1.1530
- Resistance on 01/11/2019
- Resistance on 10/22/2018
- Resistance on 10/19/2018
- Resistance on 10/18/2018
- Support on 10/15/2018
- Resistance on 10/10/2018
- Support on 10/02/2018
- Support on 09/10/2018
- Support on 09/04/2018
- Trough on 09/04/2018
- Support on 08/24/2018
- Support on 08/23/2018
- Trough on 08/23/2018
- Resistance on 08/10/2018
- Support on 08/06/2018
- Trough on 08/06/2018
- Support on 06/28/2018
- Support on 06/27/2018
- Support on 06/21/2018
- Support on 06/20/2018
- Support on 06/19/2018
- Support on 05/30/2018
- Support on 05/29/2018
- Resistance on 05/04/2016
- Resistance on 08/26/2015
- 1.1615
- Resistance on 10/16/2018
- Resistance on 10/12/2018
- Support on 09/17/2018
- Support on 09/14/2018
- Support on 09/13/2018
- Resistance on 09/11/2018
- Resistance on 09/10/2018
- Resistance on 08/22/2018
- Resistance on 08/09/2018
- Resistance on 08/08/2018
- Resistance on 08/07/2018
- Support on 07/27/2018
- Support on 07/19/2018
- Support on 07/18/2018
- Support on 07/13/2018
- Support on 07/03/2018
- Support on 07/02/2018
- Resistance on 06/21/2018
- Support on 06/01/2018
- Support on 05/28/2018
- Support on 11/10/2017
- Support on 11/02/2017
- Support on 11/01/2017
- Support on 07/26/2017
- Resistance on 05/03/2016
- 1.1725
- Resistance on 09/18/2018
- Resistance on 09/14/2018
- Resistance on 08/30/2018
- Resistance on 08/28/2018
- Resistance on 07/31/2018
- Resistance on 07/30/2018
- Resistance on 07/24/2018
- Resistance on 07/23/2018
- Resistance on 07/20/2018
- Resistance on 07/17/2018
- Resistance on 07/16/2018
- Resistance on 07/05/2018
- Resistance on 06/26/2018
- Support on 06/13/2018
- Support on 06/12/2018
- Resistance on 06/05/2018
- Resistance on 06/04/2018
- Resistance on 06/01/2018
- Resistance on 05/31/2018
- Resistance on 05/28/2018
- Resistance on 05/25/2018
- Support on 05/21/2018
- Support on 12/13/2017
- Support on 12/12/2017
- Support on 12/08/2017
- Support on 11/22/2017
- Support on 11/21/2017
- Support on 11/20/2017
- Support on 10/23/2017
- Support on 10/18/2017
- Support on 10/09/2017
- Support on 10/03/2017
- Support on 10/02/2017
- Support on 09/28/2017
- Support on 09/27/2017
- Support on 08/21/2017
- Support on 08/16/2017
- Support on 08/15/2017
- Support on 08/10/2017
- Support on 08/09/2017
- Support on 08/08/2017
- 1.1815
- Resistance on 09/24/2018
- Peak on 09/24/2018
- Resistance on 06/14/2018
- Resistance on 06/12/2018
- Resistance on 06/11/2018
- Resistance on 06/08/2018
- Resistance on 06/07/2018
- Support on 05/15/2018
- Support on 05/09/2018
- Resistance on 12/18/2017
- Resistance on 12/15/2017
- Resistance on 12/11/2017
- Resistance on 12/07/2017
- Support on 12/05/2017
- Support on 11/30/2017
- Support on 11/29/2017
- Resistance on 11/20/2017
- Resistance on 11/17/2017
- Resistance on 11/15/2017
- Resistance on 10/26/2017
- Resistance on 10/25/2017
- Resistance on 10/16/2017
- Resistance on 10/10/2017
- Resistance on 10/02/2017
- Resistance on 09/29/2017
- Support on 08/31/2017
- Resistance on 08/24/2017
- Resistance on 08/23/2017
- Resistance on 08/22/2017
- Resistance on 08/21/2017
- 1.1885
- Support on 05/11/2018
- Support on 12/28/2017
- Resistance on 12/26/2017
- Resistance on 12/21/2017
- Resistance on 12/20/2017
- Resistance on 12/04/2017
- Resistance on 11/29/2017
- Resistance on 10/12/2017
- Support on 09/21/2017
- Support on 09/20/2017
- Resistance on 08/04/2017
- Resistance on 08/03/2017
- 1.2045
- Resistance on 01/11/2018
- Resistance on 01/08/2018
- Resistance on 09/08/2017
- Resistance on 09/07/2017
- Resistance on 08/29/2017
- 1.2235
- Resistance on 04/25/2018
- Support on 04/06/2018
- Support on 04/05/2018
- Support on 03/21/2018
- Support on 03/20/2018
- Support on 02/12/2018
- Support on 02/09/2018
- Support on 02/08/2018
- 1.2555
- Resistance on 02/16/2018
- Peak on 02/16/2018
Click on the level to view price action history. |