Midterm forecast: The current trend is downtrend and the forecast is continuation of downtrend. Technical analysis: While the RSI resistance #1 at 54 is not broken, the probability of price increase would be too low. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 31.
Midterm forecast: While the price is above the support 1.1300, beginning of uptrend is expected. We make sure when the resistance at 1.1800 breaks. If the support at 1.1300 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the...
Midterm forecast: 112.05 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 112.05 is broken. Technical analysis: The RSI bounced from the resistance #1 at 74 and it prevented price from more gains. While the RSI support #2 at 43 is not broken, the probability of price...
Midterm forecast: While the price is below the resistance 82.00, beginning of downtrend is expected. We make sure when the support at 70.30 breaks. If the resistance at 82.00 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 70.35 on 2018-01-15 and the peak...
Midterm forecast: While the price is above the support 13.60, beginning of uptrend is expected. We make sure when the resistance at 15.60 breaks. If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI resistance #1 at 44 is broken, so the probability of beginning of uptrend is...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1214.25 would begin in Midterm. We will close our open trades, if the Midterm level 1214.25 is broken. Technical analysis: The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg lower if...
Midterm forecast: While the price is above the support 1.4800, beginning of uptrend is expected. We make sure when the resistance at 1.5360 breaks. If the support at 1.4800 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 1.49165 on 2018-05-30 and the...
Midterm forecast: While the price is below the resistance 1.6355, beginning of downtrend is expected. We make sure when the support at 1.6040 breaks. If the resistance at 1.6355 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI uptrend #1 is broken, so the probability of beginning of downtrend is...
Midterm forecast: While the price is above the support 0.7085, beginning of uptrend is expected. We make sure when the resistance at 0.7320 breaks. If the support at 0.7085 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. A peak...
Midterm forecast: While the price is above the support 78.65, beginning of uptrend is expected. We make sure when the resistance at 83.90 breaks. If the support at 78.65 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 80.495 on 2018-03-23 and the trough at...
Midterm forecast: 129.95 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI bounced from the resistance #1 at 68 and it prevented price from more gains. A peak is formed in daily chart at 133.10 on 09/21/2018, so more losses to support(s) 131.65 and minimum to Major Support (129.95) is...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 145.25 would begin in Midterm. Technical analysis: The RSI bounced from the resistance #1 at 68 and it prevented price from more gains. Price is above WEMA21, if price drops more, this line can act as dynamic support against more...
Midterm forecast: 111.65 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 111.65 is broken. Technical analysis: While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low. Price is above WEMA21, if price drops more, this line can act as...
Midterm forecast: While the price is above the support 13.60, beginning of uptrend is expected. We make sure when the resistance at 15.60 breaks. If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI resistance #1 at 44 is broken, so the probability of beginning of uptrend is...
Midterm forecast: 1214.25 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 1214.25 is broken. Technical analysis: While the RSI resistance #1 at 51 is not broken, the probability of price increase would be too low. Price is below WEMA21, if price rises more, this line...
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