Midterm forecast: - While the price is below the resistance 1.22000, beginning of downtrend is expected.
- We make sure when the support at 1.16700 breaks.
- If the resistance at 1.22000 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis: - A peak is formed in daily chart at 1.2255 on 06/05/2020, so more losses minimum to Major Support (1.1670) 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 35.
Supports and Resistances: - 1.3855
- Resistance on 04/18/2018
- Peak on 04/18/2018
- 1.1960
- Resistance on 05/27/2020
- Resistance on 05/26/2020
- Support on 05/11/2020
- Support on 05/04/2020
- Support on 04/23/2020
- Support on 04/03/2020
- Resistance on 04/01/2020
- Resistance on 03/31/2020
- Support on 08/29/2019
- Support on 08/28/2019
- Support on 08/23/2019
- Resistance on 08/06/2019
- Resistance on 08/05/2019
- Support on 11/09/2016
- Support on 11/03/2016
- Support on 10/12/2016
- Support on 10/11/2016
- Support on 10/07/2016
- 1.1870
- Support on 06/15/2020
- Support on 06/12/2020
- Support on 06/11/2020
- Resistance on 05/22/2020
- Resistance on 05/21/2020
- Resistance on 05/18/2020
- Support on 05/14/2020
- Support on 05/13/2020
- Support on 05/12/2020
- Support on 04/21/2020
- Resistance on 03/27/2020
- Support on 03/12/2020
- Support on 09/03/2019
- Resistance on 08/08/2019
- 1.1670
- Support on 03/27/2020
- Resistance on 03/25/2020
- Resistance on 03/20/2020
- Resistance on 03/18/2020
- Support on 03/13/2020
- Support on 08/13/2019
- Support on 08/12/2019
- 1.1470
- Support on 03/25/2020
- Resistance on 03/20/2020
- Resistance on 03/19/2020
- 1.1100
- Support on 03/19/2020
- Support on 03/18/2020
- Trough on 03/18/2020
Click on the level to view price action history. |