Friday 7th January 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 36861 which is in line with horizontal swing high resistance from 1st support at 36189, which is in line with horizontal overlap support and 32.8% Fibonacci retracement level.
Thursday 2nd December 2021 : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud and approaching the support of the stochastics indicator, we are bias that price still have some room for a bearish move and will drop to 1st support at 33925 in line with the -61.8% Fibonacci expansion and possibly to 2nd support at 33631 in line with the swing low support from 1st resistance at 34376 in line with the -27% Fibonacci expansion and 161.8% Fibonacci extension.
Friday 26th November: Technical Outlook and Review
On the Daily chart, with price moving above the ichimoku cloud, we are expecting to see price rise from 1st support at 35492 in line with the 78.6% Fibonacci retracement and horizontal overlap support to 1st resistance at 36452 in line with our horizontal swing high resistance. Alternatively, price may break 1st support and head for 2nd support at 34928 in line with the 127.2% Fibonacci extension.
Friday 19th November: Technical Outlook and Review
On the Daily, with price moving above the ichimoku cloud, we are expecting to see price do a bounce from 1st support at 35492 in line with the 78.6% Fibonacci retracement to 1st resistance at 36452 in line with the horizontal swing high resistance. Alternatively, price may break 1st support and head to 2nd support at 34928 in line with the horizontal overlap support.
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Wednesday 17th November: Technical Outlook and Review
On the H4 timeframe,we can see price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 83.10 in line with the 50% Fibonacci retracement level and horizontal swing high resistance to 1st support at 80.68 in line with our horizontal swing low support.
