Midterm forecast: - While the price is above the support 104.500, beginning of uptrend is expected.
- We make sure when the resistance at 110.100 breaks.
- If the support at 104.500 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis: - The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
- A trough is formed in daily chart at 105.99 on 05/07/2020, so more gains to resistance(s) 106.90, 109.40 and maximum to Major Resistance (110.10) 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: - 118.60
- Resistance on 01/03/2017
- Resistance on 12/15/2016
- Support on 01/29/2016
- Resistance on 01/26/2016
- Resistance on 01/08/2016
- Resistance on 01/07/2016
- Support on 01/04/2016
- Support on 10/15/2015
- Support on 10/14/2015
- Support on 10/02/2015
- Support on 09/04/2015
- Support on 08/26/2015
- Support on 04/30/2015
- Support on 04/29/2015
- Support on 04/20/2015
- Support on 04/17/2015
- Support on 03/26/2015
- Support on 02/26/2015
- Support on 02/25/2015
- Support on 02/20/2015
- Support on 02/19/2015
- Support on 02/18/2015
- Support on 02/13/2015
- Support on 02/12/2015
- Support on 02/10/2015
- 109.40
- Resistance on 04/06/2020
- Peak on 04/06/2020
- Support on 03/26/2020
- Support on 02/05/2020
- Support on 01/23/2020
- Support on 12/27/2019
- Resistance on 12/24/2019
- Resistance on 12/13/2019
- Resistance on 12/12/2019
- Resistance on 11/08/2019
- Resistance on 11/07/2019
- Support on 05/23/2019
- Support on 05/16/2019
- Support on 05/15/2019
- Support on 02/04/2019
- Resistance on 01/30/2019
- Resistance on 01/29/2019
- Resistance on 01/17/2019
- Support on 06/26/2018
- Support on 06/25/2018
- Support on 06/08/2018
- Support on 06/07/2018
- Support on 06/05/2018
- Support on 06/04/2018
- Support on 05/28/2018
- Resistance on 05/11/2018
- Resistance on 05/08/2018
- Resistance on 05/07/2018
- 102.75
- Support on 11/09/2016
- Support on 11/04/2016
- Support on 11/03/2016
- Support on 10/10/2016
- Support on 10/07/2016
- Support on 10/05/2016
- Resistance on 09/21/2016
- Resistance on 09/15/2016
- Resistance on 09/14/2016
- Resistance on 09/13/2016
- Resistance on 09/12/2016
- Resistance on 09/09/2016
- Support on 09/02/2016
- Support on 08/31/2016
- Resistance on 08/08/2016
- Resistance on 08/02/2016
- Support on 07/12/2016
- Resistance on 07/05/2016
- Resistance on 07/04/2016
- Resistance on 06/28/2016
- Resistance on 08/15/2014
- Resistance on 08/05/2014
- Resistance on 08/04/2014
- Resistance on 06/05/2014
- Resistance on 06/04/2014
- Resistance on 05/02/2014
- Resistance on 04/29/2014
- Resistance on 04/23/2014
- Resistance on 04/22/2014
- Resistance on 04/21/2014
- Support on 03/31/2014
- Resistance on 03/19/2014
- Resistance on 02/24/2014
- Resistance on 02/21/2014
- Resistance on 02/18/2014
- Resistance on 02/12/2014
- Resistance on 02/11/2014
- Resistance on 01/31/2014
- Support on 01/13/2014
- 100.00
- Support on 09/27/2016
- Support on 09/22/2016
- Support on 08/26/2016
- Support on 08/24/2016
- Support on 08/23/2016
- Support on 08/17/2016
- Support on 08/16/2016
- Support on 07/08/2016
Click on the level to view price action history. |