As the price bounces off from the upper zone of the pennant formation, it will now be facing the lower sidewards resistance in the precinct of 4.270. The pennant formation, as a continuation pattern, suggests an upward break out. 5.600 will be the target.
The parity price is currently testing an important resistance at 1.5770. If the positive momentum continues, 1.5900 will be the next level to test. Otherwise, the price will bounce off the lower band of the rising channel (blue) and meet the support at the lower band of the red channel in the precinct of 1.5470 level.
The parity’s recent movements have definitely been bearish, but the firm support at 81.30 level coinciding with 50.0 Fibonacci retracement level as well as the price reaching the oversold area suggest a rebound. If the price retraces, 82.80 level will be eyed. Later, the levels above 82.30 will be considered. The level of 84.00 will be the resistance. However, if...
In short-term, the price will test a strong resistance line in the vicinity of 0.7800 level. Breaking that resistance to the up will indicate 0.7880 and then 0.7970 level in long-term. If the bullish movement meets the resistance on 0.7800, the parity price will make a bounce aimed at 0.7400 level.
The bearish flag pattern suggests further drop, but the lower band of the channel at 1.2680 appeared to be a firm support from which the price bounced off. If the price breaks upwards, 1.2830 will be the upper target. The lower band of channel remains support.
The price has reached the lower-ward resistance at 1.0600 level. A rebound is expected in the following days. 1.0870 and 1.0950 are the next upward levels to watch. In long-term, the precinct of 1.1130 level will be on radar.
Currently, the price is trading around substantial 1.1400 level. If the price’s rally continues, 1.1440 will be watched as a target. In mid-term, 1.1500 will be the next resistance. The level of 1.1350 will be the support for the price movement.
The parity price is trading inside the symmetrical triangle. As long as the price remains there, it will bounce between side-ward resistance levels, heading toward the tip of the triangle. Currently, 114.00 level is the resistance and the vicinity of 113.00 level acts as support. If the price breaks the formation upward, 114.50 will be the next target.
The price has broken the 4.400 level. Currently, the support line in the vicinity of 4.150 will be targeted. In the weekly time-frame, the price is trading close to the upper band of the channel formation – a strong resistance preventing further rise.
The parity price is gradually climbing inside the rising channel. If it pierces through the currently-tested 1.3320 level, the previous peak in the vicinity of 1.3720 level will be the long-term target. 1.3130 will act as support.
The parity is trading inside the rising broadening wedge. It is between 61.8 and 50.0 Fibonacci retracement level with 61.8 as a resistance level that prevented the price from the expansion. 0.7220 level is targeted in the mid-term. Our previous idea suggests the parity price entered the area suitable for sell-setup for long-term trading.
There is a chance the parity goes down back, creating a double top formation, with the final target at 0.6800. The price currently is staying below 0.6870 level. If it breaks that, the level of potential neckline at 0.6840 will be tested. Previous two peaks indicate the resistance level to be at 0.6880.
The price is currently testing the level 4320 inside the rising broadening wedge. As the upside movement continues, 4580 will be eyed in the short-term. After that, we might see some technical rebound. 4220 will be the support in that case.
The parity price is edging up, but the upper band of descending channel formation will be a strong resistance line for the bullish movement. In the case of breakout, 1.8900 and in long-term 1.9000 will be the next resistance levels. Most likely, the price will bounce off from the upper band. 1.8740 will be the support and downward target.
The parity price is climbing towards the psychological and technical target of 0.9200-0.9230 range. 0.8900 will act as resistance.
The parity price is approaching the resistance level at 128.80 which will try to keep the price inside the triangle formation. 128.80 will be the new support for declining price.
The parity price is hovering between 50.0 and 61.8 Fibonacci retracement levels. If the bearish bias continues, 1.1220 will be the next level to watch. 1.1400 will be a support for the price movement.
The parity price is on a rally. Currently it is testing the vicinity of the 1.3250 level. If it pierces through that, 1.3320 will be on radar. A reversed head and shoulders formation is possible. If 1.3250 appears to be too strong a resistance, the price will bounce off to 1.3180 support.