Midterm forecast: - While the price is above the support 7.00000, resumption of uptrend is expected.
- We make sure when the resistance at 7.50000 breaks.
- If the support at 7.00000 is broken, the short-term forecast -resumption 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.
- While the RSI downtrend #1 is not broken, bearish wave in price would continue.
- A peak is formed in daily chart at 7.5327 on 01/18/2021, so more losses minimum to Major Support (7.0000) 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 28.
Supports and Resistances: - 7.1200
- Support on 02/04/2021
- Support on 02/03/2021
- Support on 02/02/2021
- Support on 08/07/2020
- Resistance on 05/08/2020
- Resistance on 08/13/2018
- 6.7200
- Resistance on 04/10/2020
- Support on 04/07/2020
- Support on 04/06/2020
- Resistance on 04/02/2020
- Resistance on 09/05/2018
- Resistance on 09/04/2018
- Resistance on 09/03/2018
- Resistance on 08/31/2018
- Resistance on 08/30/2018
- 6.4820
- Resistance on 03/26/2020
- Resistance on 03/18/2020
- Resistance on 03/17/2020
- Resistance on 09/13/2018
- Resistance on 09/11/2018
- Resistance on 09/10/2018
- Support on 09/03/2018
- Support on 08/31/2018
- Resistance on 08/29/2018
- 6.2445
- Resistance on 02/28/2020
- Resistance on 05/09/2019
- Support on 08/29/2018
- Resistance on 08/27/2018
- Resistance on 08/17/2018
- 6.0235
- Support on 03/03/2020
- Resistance on 02/11/2020
- Resistance on 02/10/2020
- Resistance on 02/07/2020
- Resistance on 08/26/2019
- Resistance on 05/30/2019
- Support on 05/28/2019
- Support on 05/27/2019
- Support on 05/17/2019
- Support on 05/14/2019
- Support on 10/10/2018
- Support on 10/04/2018
- Resistance on 10/02/2018
- Resistance on 10/01/2018
- Support on 09/26/2018
- Support on 09/24/2018
- Support on 09/14/2018
- Support on 09/13/2018
- Support on 08/22/2018
- Support on 08/21/2018
- 5.9185
- Resistance on 01/20/2020
- Resistance on 01/09/2020
- Resistance on 10/17/2019
- Resistance on 10/16/2019
- Resistance on 08/26/2019
- Resistance on 06/19/2019
- Resistance on 06/17/2019
- Resistance on 06/14/2019
- Resistance on 05/31/2019
- Resistance on 10/12/2018
- Support on 10/01/2018
- Support on 08/20/2018
- 5.7635
- Support on 12/13/2019
- Support on 12/12/2019
- Support on 12/09/2019
- Resistance on 12/05/2019
- Resistance on 12/04/2019
- Resistance on 12/03/2019
- Resistance on 12/02/2019
- Resistance on 11/29/2019
- Resistance on 11/26/2019
- Resistance on 11/15/2019
- Resistance on 11/14/2019
- Resistance on 11/08/2019
- Resistance on 11/07/2019
- Resistance on 11/06/2019
- Resistance on 11/05/2019
- Resistance on 10/30/2019
- Support on 10/18/2019
- Resistance on 10/02/2019
- Resistance on 09/12/2019
- Resistance on 09/09/2019
- Support on 08/26/2019
- Resistance on 07/25/2019
- Resistance on 07/12/2019
- Resistance on 07/10/2019
- Resistance on 07/08/2019
- Support on 06/28/2019
- Support on 06/27/2019
- Support on 06/26/2019
- Support on 06/25/2019
- Support on 06/12/2019
- Support on 06/10/2019
- Support on 06/07/2019
- Support on 06/04/2019
- Resistance on 04/17/2019
- Resistance on 04/11/2019
- Resistance on 03/22/2019
- Resistance on 01/03/2019
- Resistance on 10/24/2018
- Resistance on 10/23/2018
- Resistance on 10/16/2018
- Support on 10/15/2018
- Support on 08/17/2018
- 5.4200
- Support on 04/01/2019
- Support on 03/28/2019
- Support on 03/20/2019
- Support on 03/12/2019
- Support on 03/11/2019
- Support on 03/08/2019
- Support on 03/07/2019
- Resistance on 01/07/2019
- Resistance on 01/02/2019
- Resistance on 12/14/2018
- Resistance on 12/05/2018
- Resistance on 12/04/2018
- Resistance on 11/20/2018
- Resistance on 11/07/2018
- Resistance on 11/06/2018
- Resistance on 11/05/2018
- Resistance on 08/06/2018
- 4.9225
- Resistance on 07/31/2018
- Resistance on 07/24/2018
- Resistance on 07/12/2018
- Resistance on 05/23/2018
- 4.8035
- Resistance on 07/19/2018
- Resistance on 07/18/2018
- Resistance on 05/25/2018
- Resistance on 05/24/2018
- 4.5545
- Support on 07/09/2018
- Support on 06/29/2018
- Support on 06/25/2018
- Resistance on 06/07/2018
- Resistance on 05/31/2018
- Resistance on 05/30/2018
- Support on 05/28/2018
- Support on 05/24/2018
- Support on 05/23/2018
- Support on 05/22/2018
- 4.4500
- Support on 06/07/2018
- Support on 05/31/2018
- Support on 05/30/2018
- Support on 05/18/2018
- Resistance on 05/16/2018
- Resistance on 05/15/2018
- 4.3200
- 4.1750
- Support on 05/03/2018
- Resistance on 04/11/2018
- 4.0290
- Support on 04/30/2018
- Support on 04/25/2018
- Support on 04/20/2018
- Resistance on 04/04/2018
- Resistance on 03/23/2018
- 3.9330
- Support on 03/30/2018
- Support on 03/29/2018
- Support on 03/23/2018
- Resistance on 03/21/2018
- Resistance on 12/04/2017
- Resistance on 12/01/2017
- Resistance on 11/23/2017
- Resistance on 11/20/2017
- Resistance on 01/12/2017
- Resistance on 01/11/2017
- 3.8270
- Resistance on 03/09/2018
- Resistance on 03/08/2018
- Resistance on 03/05/2018
- Resistance on 03/02/2018
- Resistance on 02/09/2018
- Resistance on 02/08/2018
- Resistance on 01/17/2018
- Resistance on 01/16/2018
- Resistance on 12/28/2017
- Resistance on 12/27/2017
- Support on 12/18/2017
- Support on 12/12/2017
- Support on 12/11/2017
- Support on 12/08/2017
- Resistance on 11/02/2017
- Resistance on 11/01/2017
- Resistance on 10/27/2017
- Resistance on 10/26/2017
- 3.7725
- Resistance on 02/16/2018
- Resistance on 02/02/2018
- Resistance on 02/01/2018
- Resistance on 01/24/2018
- Support on 01/22/2018
- Resistance on 01/12/2018
- Resistance on 01/09/2018
- Support on 12/29/2017
- Support on 12/28/2017
- Support on 10/31/2017
- Support on 10/30/2017
- Support on 10/27/2017
- Resistance on 10/25/2017
- Resistance on 10/09/2017
- Resistance on 03/10/2017
- Resistance on 03/09/2017
- 3.7150
- Support on 01/25/2018
- Resistance on 10/23/2017
- Resistance on 10/11/2017
- Resistance on 10/10/2017
- Resistance on 10/09/2017
- Resistance on 04/18/2017
- Resistance on 04/17/2017
- Resistance on 04/06/2017
- Resistance on 04/05/2017
- Resistance on 03/07/2017
- Resistance on 03/06/2017
- Resistance on 02/10/2017
- Resistance on 02/09/2017
- Support on 02/08/2017
- Support on 02/02/2017
- Support on 01/16/2017
- Support on 01/13/2017
Click on the level to view price action history. |