Thursday 17th March 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bias that price will rise to 1st resistance at 34054 in line with the swing high resistance from 1st support at 33183 in line with the swing low support and 50% Fibonacci retracement.
Wednesday 16th March 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bias that price will rise to 1st resistance at 34075 in line with the swing high resistance from 1st support at 33183 in line with the swing low support and 50% Fibonacci retracement.
Tuesday 15th March 2022 : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we have a bias that price will drop from 1st resistance at 33183 in line with the swing high resistance to 1st support at 32538 in line with the swing low support .
Monday 14th March 2022 : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we have a 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 .
Friday 11th 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 33291 in line with the 50% Fibonacci retracement to 1st support at 32352 in line with the swing low support and 127.2% Fibonacci extension .
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 .
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.
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.
