Midterm forecast: - While the price is above the support 5.54000, beginning of uptrend is expected.
- We make sure when the resistance at 6.23050 breaks.
- If the support at 5.54000 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis: - While the RSI support #1 at 29 is not broken, the probability of price decrease would be too low.
- A trough is formed in daily chart at 5.6400 on 07/11/2019, so more gains to resistance(s) 5.7634, 5.8540, 5.9175 and maximum to Major Resistance (6.2305) 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 47.
Take Profits: - 5.7634
- Resistance on 07/08/2019
- Support on 06/25/2019
- Support on 06/19/2019
- Resistance on 06/06/2019
- Resistance on 06/05/2019
- Resistance on 04/17/2019
- Resistance on 04/12/2019
- Resistance on 03/24/2019
- Resistance on 03/22/2019
- Resistance on 01/03/2019
- Resistance on 10/24/2018
- Resistance on 10/23/2018
- Support on 10/15/2018
- Support on 08/17/2018
- 5.8540
- Resistance on 06/19/2019
- Resistance on 06/13/2019
- Resistance on 06/10/2019
- Resistance on 06/07/2019
- Resistance on 06/04/2019
- Support on 05/30/2019
- Resistance on 04/24/2019
- Resistance on 04/22/2019
- Resistance on 10/23/2018
- Support on 10/12/2018
- Support on 08/15/2018
- 5.9175
- Resistance on 06/17/2019
- Resistance on 06/14/2019
- Resistance on 04/26/2019
- Resistance on 04/25/2019
- Support on 10/02/2018
- Support on 10/01/2018
- Support on 08/20/2018
- 5.9690
- Support on 05/28/2019
- Support on 05/16/2019
- Support on 05/15/2019
- Support on 05/14/2019
- Support on 05/10/2019
- Resistance on 05/03/2019
- Resistance on 05/02/2019
- Resistance on 04/30/2019
- Resistance on 04/25/2019
- Resistance on 10/12/2018
- Support on 10/03/2018
- Support on 09/28/2018
- Support on 09/27/2018
- Support on 08/27/2018
- Support on 08/24/2018
- Support on 08/23/2018
- Support on 08/22/2018
- Support on 08/21/2018
- Support on 08/20/2018
- 6.0900
- Resistance on 05/27/2019
- Resistance on 05/24/2019
- Resistance on 05/23/2019
- Resistance on 05/22/2019
- Resistance on 05/17/2019
- Resistance on 05/14/2019
- Resistance on 05/13/2019
- Resistance on 05/06/2019
- Resistance on 10/11/2018
- Support on 10/08/2018
- Resistance on 10/03/2018
- Support on 09/26/2018
- Support on 09/25/2018
- Support on 09/24/2018
- Support on 08/28/2018
- Resistance on 08/24/2018
- Resistance on 08/23/2018
- Resistance on 08/22/2018
- Resistance on 08/21/2018
- Resistance on 08/20/2018
- 6.2305
- Resistance on 05/09/2019
- Resistance on 10/04/2018
- Support on 09/19/2018
- Support on 08/29/2018
- Resistance on 08/27/2018
- Resistance on 08/20/2018
- Resistance on 08/17/2018
- 6.4820
- Resistance on 09/18/2018
- Resistance on 09/13/2018
- Resistance on 09/12/2018
- Resistance on 09/11/2018
- Resistance on 09/10/2018
- Support on 08/31/2018
- Resistance on 08/29/2018
- 6.7200
- 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
- 7.0000
- 7.1200
Click on the level to view price action history. |