DXY:
On the H4 timeframe, prices are on bullish momentum and consolidating in a triangle pattern. We see the potential for further bullish momentum from our 1st support at 98.175 in line with 61.8% Fibonacci retracement towards our 1st resistance at 98.962 in line with 78.6% Fibonacci projection and 100% Fibonacci Projection. MacD are showing bullish momentum from our crossovers, further supporting our bullish bias.
Areas of consideration:
- H4 time frame, 1st resistance at 98.962
- H4 time frame, 1st support at 98.175
XAU/USD (GOLD):
On the H4, prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for further bullish continuation from our 1st support at 1918.010 in line with 61.8% Fibonacci retracement towards our 1st resistance at 1937.171 in line with 61.8% Fibonacci Projection and alsoa graphical swing high. RSI is on bullish momentum, further supporting our bullish bias.
Areas of consideration:
- 4h 1st support at 1918.010
- 4h 1st resistance at 1937.171
GBP/USD:
On the H4, prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for further bullish continuation from our 1st support at 1.31251 in line with 38.2% Fibonacci Retracement towards our 1st resistance at 1.31953 in line with 78.6% Fibonacci Projection. Ichimoku clouds are forecasting the bullish clouds, further supporting our bias.
Areas of consideration
- H4 1st resistance at 1.31953
- H4 1st support at 1.31251
USD/CHF:
On the H4, with price moving above the ichimoku cloud, we have a bias that price will rise to our 1st resistance at 0.93968 in line with the 61.8% Fibonacci retracement from our 1st support at 0.93385 in line with the horizontal pullback support and 38.2% Fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 0.92953 in line with the 78.6% Fibonacci retracement
Areas of consideration
- 1st support level 0.93385
- 1st resistance 0.93968
EUR/USD :
On the H1, price is near 1st resistance level of 1.10202 in line with 23.6% Fibonacci retracement. Price can move towards the 1st support level of 1.09367 which is in line with a graphical swing low support. Our bearish bias is supported by price trading under the Ichimoku cloud indicator.
Areas of consideration :
- H1 1st resistance at 1.10202
- H1 1st support at 1.09348
USD/JPY:
On the H4 timeframe, prices have approached pivot and swing high. We see the potential for a short pullback from our 1st resistance at 119.953 in line with -61.8% Fibonacci expansion and 78.6% Fibonacci projection towards our 1st support at 119.120 in line with 38.2% Fibonacci retracement. Divergence is spotted on RSI, further supporting our bearish bias.
Areas of consideration:
- H4 time frame, 1st resistance at 119.953
- H4 time frame, 1st support at 119.120
AUD/USD:
On the H4, price is near 1st support level of 0.73629 in line with 23.6% Fibonacci retracement. Price can move towards the 1st resistance level of 0.74411 which is in line with 138.2% Fibonacci extension and 78.6% Fibonacci projection.Our bullish bias is supported by price trading above Ichimoku cloud indicator.
Areas of consideration
- H4 1st resistance at 0.74411
- H4 1st support at 0.73629
NZD/USD:
On the H4, price is near 1st support level of 0.68591 in line with 38.2% Fibonacci retracement. Price can move towards the 1st resistance level of 0.69260 which is in line with 138.2% Fibonacci extension.Our bullish bias is supported by price trading above Ichimoku cloud indicator.
Areas of consideration :
- H4 1st resistance at 0.69260
- H4 1st support at 0.68591
USD/CAD:
On the H4, with price moving below the ichimoku cloud, we have a bias that price will drop from 1st resistance at 1.26247 in line with the horizontal pullback resistance and 23.60% Fibonacci retracement to 1st support at 1.25596 in line with the swing low support .Alternatively, price may break 1st resistance and head for 2nd resistance at 1.26655 in line with the 38.2% Fibonacci retracement.
Areas of consideration:
- H4 time frame, 1st support at 1.25596
- H4 time frame, 1st resistance at 1.26247
OIL:
On the H4, with price moving above the ichimoku cloud, we have a bias that price will rise to our 1st resistance at 130.46 in line with the 78.6% Fibonacci retracement from our 1st support at 117.9 in line with the horizontal overlap support. Alternatively, price may break 1st support structure and head for 2nd support at 113.07 in line with the horizontaL overlap support.
Areas of consideration:
- H4 time frame, 1st resistance of 130.46
- H4 time frame, 1st support of 117.9
Dow Jones Industrial Average:
On the H4, with price expected to reverse off the stochastics level, we have a bias that price will drop from 1st resistance at 34976 in line with the horizontal overlap resistance and 161.8% Fibonacci extension to 1st support at 34073 in line with the pullback support .Alternatively, price may break 1st resistance and head for 2nd resistance at 35808 in line with the 161.8% Fibonacci extension.
Areas of consideration :
- H4 1st support at 34073
- H4 1st resistance at 34976
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