Monday 19th December 2022: Technical Outlook and Review
Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the 1st support at 3806.91, where the 50% Fibonacci line is.
Friday 16th December 2022: Technical Outlook and Review
The current general bias for USDJPY on the H4 chart is bullish. To add confluence to this, the price is above the Ichimoku cloud which indicates a bullish market. If the bullish momentum continues, expect USDJPY to break the 1st resistance line at 137.657, where the 61.8% Fibonacci line and previous low are located before heading towards the 2nd resistance at 140.356, where the 50% Fibonacci line and previous swing low are.
Thursday 15th December 2022: Technical Outlook and Review
The overall bias for the S&500 on the H4 chart is bullish, with prices above the Ichimoku cloud. If the bullish momentum continues, the expected price to possibly break the 1st resistance line is at 4031.44, where the 61.8% Fibonacci line is located before heading towards the 2nd resistance line at 4177.51, where the 78.6% Fibonacci line is.
Wednesday 14th December 2022: Technical Outlook and Review
The overall bias for the S&500 on the H4 chart is bullish, with prices above the Ichimoku cloud. If the bullish momentum continues, the expected price to possibly break the 1st resistance line is at 4031.44, where the 61.8% Fibonacci line is located before heading towards the 2nd resistance line at 4177.51, where the 78.6% Fibonacci line is.
Tuesday 13th December 2022: Technical Outlook and Review
The overall bias for the S&500 on the H4 chart is bullish, with prices above the Ichimoku cloud. If the bullish momentum continues, the expected price to head towards the 1st resistance line is at 4031.44, where the 61.8% Fibonacci line is located.
Monday 12th December 2022: Technical Outlook and Review
On the H4 chart, the overall bias for DXY is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect the price to continue heading towards the 1st support line at 104.648, where the previous swing low is.
Friday 09th December 2022: Technical Outlook and Review
The overall bias for the S&500 on the H4 chart is bullish, with prices above the Ichimoku cloud. If the bullish momentum continues, the expected price to head towards the 1st resistance line is at 4031.44, where the 61.8% Fibonacci line is located.
Thursday 8th December 2022: Technical Outlook and Review
The overall bias for the S&500 on the H4 chart is bullish, with prices above the Ichimoku cloud. If the bullish momentum continues, the expected price to head towards the 1st resistance line is at 4031.44, where the 61.8% Fibonacci line is located.
Tuesday 06th December 2022: Technical Outlook and Review
USD/JPY: The current general bias for USDJPY on the H4 chart […]
