Thursday 10th March 2022 : Technical Outlook and Review
On the H4 timeframe, with price at the resistance of the ichimoku cloud, we have a bearish bias that price will drop from 1st resistance at 33437 in line with the 61.8% Fibonacci retracement to 1st support at 32251 in line with the swing low support .
US Daylight Savings & Server Time Changing to GMT+3 – 2022
Dear Trader, On Sunday the 13th of March, IC Markets Trading servers will move forward by one hour from GMT+2 to GMT+3 as parts of the US will enter daylight savings.
Wednesday 9th March 2022 : Technical Outlook and Review
On the H4 timeframe, price is near 1st support level of 32352 in line with horizontal swing low support and 127.2% Fibonacci extension. Price can potentially rise to the 1st resistance level of 34055 in line with the swing high resistance and 50% Fibonacci retracement.
South Africa – Human Rights Day & Japan – Vernal Equinox Day – 2022
Dear Trader, Please find our updated trading schedule for the South Africa - Human Rights Day & Japan - Vernal Equinox Day on Monday March 21st, 2022. All times mentioned below are Platform time (GMT +3).
Tuesday 8th March 2022 : Technical Outlook and Review
On the H4 timeframe, price is near 1st support level of 32352 in line with horizontal swing low support and 127.2% Fibonacci extension. Price can potentially rise to the 1st resistance level of 34055 in line with the swing high resistance and 50% Fibonacci retracement.
Monday 7th March 2022 : Technical Outlook and Review
On the H4 timeframe, We see the possibility of bearish continuation from our 1st resistance at 34055 in line with horizontal overlap resistance towards our 1st support at 32352 in line with the horizontal swing low support.
Friday 4th March 2022 : Technical Outlook and Review
On the H4 timeframe, We see the possibility of bearish continuation from our 1st resistance at 34055 in line with horizontal overlap resistance towards our 1st support at 32352 in line with the horizontal swing low support. Alternatively, price may break 1st resistance and head for 2nd resistance at 34990 in line with the 78.6% Fibonacci retracement level.
Thursday 3rd March 2022 : Technical Outlook and Review
On the H4 timeframe, We see the possibility of bearish continuation from our 1st resistance at 34055 in line with horizontal overlap resistance towards our 1st support at 32352 in line with the horizontal swing low support.
Wednesday 2nd March 2022 : Technical Outlook and Review
On the H4 timeframe, We see the possibility of bearish continuation from our 1st resistance at 34055 in line with horizontal overlap resistance towards our 1st support at 32352 in line with the horizontal swing low support.
