Monday 11th October : Technical Outlook and Review
On the H4, with a bullish bias, we may expect to see price head to 35033 in line with the 127.2% Fibonacci projection. Possibly even breaking structure at 1st resistance and heading for 2nd resistance at 35508 in line with another 127.2% Fibonacci retracement.
Wednesday 5th October 2021: Technical Outlook and Review
If price breaks 1st resistance, we may see further bullish moves to second resistance at 35037 in line with the 100% Fibonacci projection as a potential upside target. Otherwise, breaking 1st support at 34157 in line with the 38.2% Fibonacci retracement, will see price rise towards 2nd support at 33889 in line with the 61.8% Fibonacci retracement.
Tuesday 5th October 2021: Technical Outlook and Review
On the H4, we may expect to see a short term bullish move to 1st resistance at 34695 with recent price closing above the moving average. If price breaks 1st resistance, we may see further bullish moves to second resistance at 35060 as a potential upside target. Otherwise, breaking 1st support at 33890, will see price rise towards 2nd resistance at 35615.
National Day of the People’s Republic of China – 2021
Dear Trader, Please find our updated trading schedule for the National Day of the People's Republic of China on Friday October 01st , 2021.
Wednesday 22 September 2021: Technical Outlook and Review
On the Daily chart, price drifted lower below 1st resistance at 35600. With technical indicators showing room for further bearish momentum, it is possible to see some selling pressure push price lower towards 1st support at 33270. Otherwise, breaking above 1st resistance will see the price swing higher towards 2nd resistance at 37770.
Friday 03rd September 2021: Technical Outlook and Review
On the weekly chart, price is trading sideways holding between 33270 support and 38119.37 resistance. With price holding above long term moving average, we see a possibility of price facing further bullish pressure.
Tuesday 24th August 2021: Technical Outlook and Review
On the H4, price pushed higher overnight and is approaching 1st resistance at 35631. We see a low probability bearish scenario where sellers may try to add to their shorts to push price lower towards our 1st support at 34690. Otherwise a break above our 1st resistance will see price swing higher towards next resistance at 36146
Thursday 19th August 2021: Technical Outlook and Review
On the Daily chart, price is still testing and holding below resistance at 36021. With stochastic still holding below resistance where price dropped in the past, we see price facing possible bearish pressure.
