Download MT4 template file

Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• While the price is below the resistance 2.07500, beginning of downtrend is expected.
• We make sure when the support at 1.95250 breaks.
• If the resistance at 2.07500 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• There is a divergence in RSI and price between the peak at 1.97415 on 2020-01-31 and the peak at 2.0768 on 2020-03-09, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
• The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
• A peak is formed in daily chart at 1.9900 on 04/16/2020, so more losses minimum to Major Support (1.9525) 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 43.

Supports and Resistances:

1. 1.8365
   • Support on 10/11/2019
   • Resistance on 10/03/2019
   • Resistance on 10/02/2019
   • Resistance on 10/01/2019
   • Resistance on 09/25/2019
   • Resistance on 09/24/2019
   • Resistance on 06/25/2019
   • Resistance on 06/24/2019
   • Resistance on 06/20/2019
   • Resistance on 06/19/2019
   • Resistance on 06/18/2019
   • Resistance on 06/17/2019
   • Resistance on 06/14/2019
   • Resistance on 06/13/2019
   • Resistance on 06/12/2019
   • Support on 05/22/2019
   • Support on 05/21/2019
   • Support on 05/20/2019
   • Resistance on 04/29/2019
   • Resistance on 04/26/2019
   • Resistance on 04/12/2019
   • Resistance on 04/11/2019
   • Resistance on 04/10/2019
   • Support on 04/04/2019
   • Support on 04/02/2019
   • Support on 03/21/2019
   • Resistance on 02/22/2019
   • Resistance on 01/29/2019
   • Resistance on 01/03/2019
   • Resistance on 10/23/2018
   • Resistance on 10/22/2018
   • Support on 10/17/2018
   • Support on 10/15/2018
   • Support on 10/05/2018
   • Resistance on 09/18/2018
   • Resistance on 09/11/2018
2. 1.8165
   • Support on 10/04/2019
   • Support on 10/01/2019
   • Support on 09/30/2019
   • Resistance on 09/16/2019
   • Resistance on 09/13/2019
   • Resistance on 08/30/2019
   • Resistance on 08/29/2019
   • Resistance on 08/22/2019
   • Resistance on 08/07/2019
   • Resistance on 07/02/2019
   • Resistance on 07/01/2019
   • Resistance on 06/28/2019
   • Resistance on 06/27/2019
   • Support on 06/07/2019
   • Support on 06/06/2019
   • Support on 05/31/2019
   • Support on 04/23/2019
   • Support on 04/16/2019
   • Support on 02/21/2019
   • Resistance on 02/18/2019
   • Support on 01/23/2019
   • Resistance on 01/03/2019
   • Resistance on 01/02/2019
   • Resistance on 12/31/2018
   • Resistance on 10/01/2018
   • Resistance on 09/28/2018
   • Resistance on 09/27/2018
   • Resistance on 09/26/2018
   • Support on 09/13/2018
   • Support on 09/12/2018
   • Support on 09/10/2018
3. 1.7880
   • Support on 09/12/2019
   • Support on 09/09/2019
   • Resistance on 08/15/2019
   • Resistance on 08/14/2019
   • Resistance on 08/13/2019
   • Resistance on 08/09/2019
   • Resistance on 08/02/2019
   • Resistance on 08/01/2019
   • Resistance on 07/15/2019
   • Support on 07/12/2019
   • Support on 07/05/2019
   • Support on 02/06/2019
   • Support on 02/05/2019
   • Resistance on 01/15/2019
   • Resistance on 01/14/2019
   • Resistance on 01/10/2019
   • Support on 11/14/2018
   • Support on 11/13/2018
   • Support on 11/12/2018
   • Support on 10/31/2018
   • Support on 10/30/2018
   • Support on 09/05/2018
   • Resistance on 07/17/2018
   • Resistance on 07/16/2018
   • Resistance on 06/29/2018
   • Resistance on 06/28/2018
   • Resistance on 06/27/2018
   • Resistance on 06/20/2018
   • Resistance on 06/19/2018
4. 1.7560
   • Support on 07/30/2019
   • Support on 12/19/2018
   • Resistance on 12/14/2018
   • Resistance on 12/12/2018
   • Resistance on 12/11/2018
   • Resistance on 12/05/2018
   • Resistance on 11/29/2018
   • Support on 11/27/2018
   • Support on 11/22/2018
   • Support on 11/21/2018
   • Support on 08/23/2018
   • Resistance on 08/16/2018
   • Resistance on 08/15/2018
   • Support on 08/03/2018
   • Support on 07/19/2018
   • Support on 06/13/2018
   • Support on 06/12/2018
   • Support on 06/11/2018
   • Support on 06/01/2018
   • Support on 05/29/2018
   • Support on 02/13/2018
   • Resistance on 01/23/2018
5. 1.7285
   • Support on 12/12/2018
   • Support on 12/05/2018
   • Support on 08/09/2018
   • Trough on 08/09/2018
   • Support on 01/19/2018
   • Support on 01/18/2018
   • Support on 01/17/2018
   • Support on 01/16/2018
   • Support on 01/15/2018
6. 1.6860
   • Support on 10/25/2017
   • Resistance on 10/20/2017
   • Resistance on 10/19/2017
   • Support on 10/12/2017
   • Resistance on 09/20/2017
   • Support on 07/04/2017
   • Resistance on 06/26/2017
   • Resistance on 06/19/2017
   • Resistance on 06/16/2017
   • Support on 06/09/2017
   • Support on 01/05/2017
   • Support on 01/04/2017
   • Support on 12/16/2016
   • Support on 12/15/2016
   • Support on 12/14/2016
   • Resistance on 12/09/2016
7. 1.6550
   • Resistance on 08/15/2017
   • Resistance on 08/11/2017
   • Resistance on 08/09/2017
   • Resistance on 08/04/2017
   • Resistance on 07/31/2017
   • Resistance on 04/17/2017
   • Resistance on 04/14/2017
   • Resistance on 04/10/2017
   • Resistance on 04/07/2017
   • Resistance on 04/06/2017
   • Resistance on 03/28/2017
   • Resistance on 03/27/2017
   • Support on 02/01/2017
   • Resistance on 01/24/2017
   • Resistance on 01/23/2017
   • Resistance on 01/11/2017
   • Support on 11/29/2016