Midterm forecast: - While the price is below the resistance 1.90100, continuation of downtrend is expected.
- We make sure when the support at 1.75600 breaks.
- If the resistance at 1.90100 is broken, the short-term forecast -continuation of downtrend- will be invalid.
Technical analysis: - While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
- A peak is formed in daily chart at 1.9530 on 05/04/2020, so more losses to support(s) 1.7880 and minimum to Major Support (1.7560) 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 29.
Supports and Resistances: - 1.8420
- Resistance on 06/15/2020
- Resistance on 06/12/2020
- Resistance on 06/11/2020
- Resistance on 06/02/2020
- Resistance on 10/10/2019
- Resistance on 10/03/2019
- Resistance on 10/01/2019
- Resistance on 09/25/2019
- Resistance on 09/24/2019
- Resistance on 09/23/2019
- Resistance on 06/20/2019
- Peak on 06/20/2019
- Resistance on 06/19/2019
- Resistance on 04/25/2019
- Resistance on 04/24/2019
- Resistance on 04/08/2019
- Resistance on 04/05/2019
- Resistance on 04/01/2019
- Support on 03/28/2019
- Support on 03/22/2019
- Support on 03/21/2019
- Support on 03/12/2019
- Support on 03/11/2019
- Support on 03/08/2019
- Support on 02/27/2019
- Resistance on 02/21/2019
- Resistance on 01/29/2019
- Resistance on 01/28/2019
- Resistance on 01/25/2019
- Resistance on 01/24/2019
- Resistance on 01/03/2019
- Resistance on 10/23/2018
- Resistance on 10/22/2018
- Support on 10/17/2018
- Support on 10/16/2018
- Support on 10/08/2018
- Resistance on 10/04/2018
- 1.8060
- Support on 06/19/2020
- Support on 06/18/2020
- Support on 06/05/2020
- Support on 06/04/2020
- Support on 06/03/2020
- Support on 10/10/2019
- Support on 09/16/2019
- Resistance on 09/10/2019
- Resistance on 09/02/2019
- Support on 08/29/2019
- Support on 08/28/2019
- Resistance on 08/07/2019
- Support on 06/28/2019
- Support on 06/27/2019
- Support on 02/18/2019
- Resistance on 02/05/2019
- Support on 01/30/2019
- Resistance on 01/18/2019
- Resistance on 01/17/2019
- Resistance on 01/04/2019
- Resistance on 01/03/2019
- Resistance on 12/28/2018
- Resistance on 12/27/2018
- Resistance on 12/26/2018
- Resistance on 12/24/2018
- Resistance on 11/14/2018
- Resistance on 11/13/2018
- Resistance on 11/08/2018
- Resistance on 11/02/2018
- Resistance on 11/01/2018
- Resistance on 10/31/2018
- Support on 10/29/2018
- Support on 10/26/2018
- Support on 10/25/2018
- Support on 09/26/2018
- Support on 09/25/2018
- Support on 09/20/2018
- Support on 09/19/2018
- Resistance on 09/05/2018
- Resistance on 08/31/2018
- 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
- 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
- Support on 02/01/2018
- Resistance on 01/23/2018
- 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
- 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
- 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
Click on the level to view price action history. |