DXY:
On the H4 timeframe, prices have recently broken out of our triangle and we see potential for prices to dip from our 1st resistance at 96.453 in line with 78.6% Fibonacci retracement towards our 1st support at 96.114 which is an area of Fibonacci confluences. Technical indicators are showing bearish momentum. Alternatively, breaking our 1st support will find prices dipping towards our 2nd support at 96.976 in line with 127.2% Fibonacci extension.
Areas of consideration:
- H4 time frame, 1st resistance at 96.453
- H4 time frame, 1st support at 96.114
XAU/USD (GOLD):
On the H4 chart, prices are on bearish momentum and abiding to our bearish trendline. We see potential for prices to experience a dip from our 1st resistance at 1782.86 in line with 78.6% Fibonacci extension towards our 1st support at 1770.81 in line with 100% Fibonacci retracement. Technical indicators are showing bearish momentum. Alternatively, breaking our 1st support will find prices dipping towards our 2nd support at 1764.39 in line with 127.2% Fibonacci retracement.
Areas of consideration:
- 4h 1st support at 1770.81
- 4h 1st resistance at 1782.86
GBP/USD
On the daily chart , price has recently broken out of the descending trendline and is near the first support level of 1.31928 which is also the graphical swing low . Price can potentially go to the 1st resistance of 1.33513 which is also 50% Fibonacci retracement and 100% Fibonacci projection. Our bullish bias is supported by RSI and is abiding by the ascending trendline.
Areas of consideration:
- H4 1st support 1.31928
- H4 1st resistance – 1.33513
USD/CHF:
On the H4 timeframe, we can expect price to drop from 1st Resistance in line with 38.2% Fibonacci retracement toward 1st Support in line with 100% Fibonacci projection and 127.2% Fibonacci extension. Our bearish bias is further supported by the RSI indicator abiding to the descending trendline resistance.
Areas of consideration:
- Watch 1st Support at 0.91761
- Watch 1st Resistance at 0.92640
EUR/USD :
On the H4 chart price is abiding by the descending trendline and near the first support level of 1.12311 which is also the graphical swing low support . Price can potentially bounce from the 1st support level of 1.12311 which is also 78.6% Fibonacci retracement and 78.6% Fibonacci projection to the 1st resistance level of 1.13718 which is also 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by technical indicators.
Areas of consideration:
H4 1st resistance : 1.13718
H4 1st support : 1.12311
USD/JPY
On the H4 timeframe, price is abiding to the ascending support, signifying an overall bullish momentum. We can expect price to make a small retracement and bounce from the 1st Support level in line with 50% Fibonacci retracement towards the 1st Resistance in line with 100% Fibonacci projection. Our bullish bias is further supported by the RSI indicator where RSI is abiding to the ascending trendline support.
Areas of consideration:
- H4 1st resistance level 114.642
- H4 1st support level 113.726
AUD/USD:
On the H4, price has broken out of the descending trendline resistance, signifying bullish momentum. However, we can expect a short-term bearish retracement from 1st Resistance in line with 50% Fibonacci retracement, 61.8% Fibonacci projection and graphical overlap towards 1st Support in line with 50% FIbonacci retracement and 100% FIbonacci projection. Our short-term bearish bias is further supported by the stochastic indicator where the %K line is abiding to the descending trendline resistance.
Areas of consideration:
- H4 1st Support level 0.70957
- H4 1st resistance level 0.71767
NZD/USD:
On the H4 timeframe, prices have recently broken out of our bearish trendline. We see potential for further downside from our 1st resistance at 0.67900 which is a graphical overlap and an area of Fibonacci confluences towards our 1st support at 0.67361 in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Technical indicators are showing bearish momentum. Alternatively, if prices break our 1st resistance, prices can potentially climb towards our 2nd resistance at 0.68230 in line with 100% Fibonacci retracement.
Areas of consideration:
- H4 time frame, 1st resistance at 0.67900
- H4 time frame, 1st support at 0.67361
USD/CAD:
On the H4, with price moving above the ichimoku cloud indicator, we have a bullish bias that price will rise from 1st support at 1.28296 in line with the graphical overlap support to 1st resistance at 1.29235 in line with the graphical swing high resistance and 127.2% Fibonacci extension. Alternatively, we may see price break 1st support and drop to 2nd support at 1.27613 in line with the horizontal overlap support and 38.2% Fibonacci retracement level.
Areas of consideration:
- H4 time frame, support at 1.28478
- H4 time frame, resistance at 29235
OIL:
On the H4 timeframe, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to 1st resistance at 76.26 in line with the graphical swing high resistance and 61.8% Fibonacci retracement and possibly to 2nd resistance at 78.27 in line with the 78.6% Fibonacci retracement and horizontal overlap resistance from 1st support at 74.4 in line with the 23.6% Fibonacci retracement. Alternatively, we may see price break 1st support and head for 2nd support at 72.53 in line with the 38.2% Fibonacci retracement and horizontal overlap support.
Areas of consideration:
- H4 time frame, 1st resistance of 26
- H4 time frame, 1st support of4
Dow Jones Industrial Average:
On the H4, with price moving above the ichimoku cloud, approaching the support of the stochastics indicator and the horizontal graphical level, we have a bullish bias that price will rise from 1st support at 35425 in line with the horizontal overlap support to 1st resistance at 36153 in line with the 161.8% Fibonacci extension and horizontal swing high resistance and possibly to 2nd resistance at 36516 in line with the horizontal swing high resistance. Alternatively, price may break 1st support structure and head for 2nd support at 35056 in line with the horizontal overlap support and 50% Fibonacci retracement.
- 4H resistance at 36153
- 4H support at 35465
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