Midterm forecast: - While the price is above the support 1.20100, beginning of uptrend is expected.
- We make sure when the resistance at 1.26550 breaks.
- If the support at 1.20100 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis: - A trough is formed in daily chart at 1.2070 on 05/18/2020, so more gains to resistance(s) 1.2485 and maximum to Major Resistance (1.2655) 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 53.
Supports and Resistances: - 1.2245
- Support on 05/28/2020
- Support on 05/27/2020
- Resistance on 05/22/2020
- Resistance on 05/21/2020
- Resistance on 05/15/2020
- Support on 05/12/2020
- Support on 04/21/2020
- Support on 04/03/2020
- Resistance on 03/26/2020
- Support on 03/16/2020
- Support on 03/13/2020
- Support on 10/02/2019
- Support on 10/01/2019
- Support on 09/09/2019
- Support on 09/05/2019
- Resistance on 07/31/2019
- Support on 03/16/2017
- Resistance on 03/13/2017
- Support on 03/03/2017
- Support on 03/02/2017
- Support on 01/20/2017
- Support on 01/19/2017
- Support on 01/18/2017
- Support on 01/06/2017
- Support on 12/30/2016
- Support on 12/27/2016
- Support on 12/26/2016
- Support on 12/23/2016
- Resistance on 11/01/2016
- Resistance on 10/31/2016
- Resistance on 10/25/2016
- Resistance on 10/24/2016
- Resistance on 10/12/2016
- Support on 10/07/2016
Click on the level to view price action history. |