DXY:
On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 103.282 where the 78.6% Fibonacci retracement is to our 1st support at 101.064 in line with the horizontal pullback support, 161.8% Fibonacci extension, 61.8% Fibonacci projection and -61.8% Fibonacci expansion. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the 100% Fibonacci projection.
Areas of consideration:
- H4 time frame, 1st resistance at 102.441
- H4 time frame, 1st support at 101.790
XAU/USD (GOLD):
On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 1922 where the pullback resistance is from our 1st support at 1883 in line with the horizontal swing low support and 61.8% Fibonacci projection and 127.2% Fibonacci extension. Alternatively, price may break 1st support structure and head for 2nd support where the 161.8% Fibonacci extension and -27.2% Fibonacci expansion is at 1863.
Areas of consideration:
- H4 time frame, 1st Resistance at 1922
- H4 time frame, 1st Support at 1895
GBP/USD:
On the H4, we have a bullish bias that price will bounce from 1st support level of 1.25091 which lines up with graphical swing low support towards the 1st resistance level of 1.27677 which lines up with 78.6% fibonacci projection and 38.2% fibonacci retracement.
Areas of consideration:
- H4 1st resistance at 1.27677
- H4 1st support at 1.25091
- H4 2nd support at 1.24566
USD/CHF:
On the H4, price is near to the key resistance level. We expect that price will potentially reverse from 1st resistance level of 0.97034 in line with -27.2% fibonacci expansion and a major 61.8% fibonacci retracement towards the 1st support level of 0.95925 in line with 23.6% fibonacci retracement.
Areas of consideration
- 1st support level at 0.95925
- 1st resistance level at 0.97034
- 2nd resistance level at 0.97819
EUR/USD :
On the H4, price is near the pivot level. We expect price to potentially bounce from 1st support level of 1.05157 in line with 100% fibonacci retracement and -61.8% fibonacci expansion towards the 1st resistance level of 1.07585 in line with 50% fibonacci retracement.
Areas of consideration :
- H4 1st resistance at 1.07585
- H4 1st support at 1.05157
- H4 2nd support at 1.04659
USD/JPY:
On the H4, with price moving below the ichimoku cloud indicator, we have a bearish bias that price will drop from our 1st resistance at 128.924 where the 38.2% Fibonacci retracement is to our 1st support at 127.781 in line with the horizontal pullback support and 61.8% Fibonacci retracement. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal swing high resistance is at 129.380.
Areas of consideration:
- H4 time frame, 1st resistance at 128.331
- H4 time frame, 1st support at 127.667
AUD/USD:
On the H4 timeframe, price is near the key support level, We see the potential of a bullish bounce from 1st support level of 0.71062 in line with 78.6% fibonacci retracement and 78.6% fibonacci projection towards the 1st resistance level of 0.72277 in line with 38.2% fibonacci retracement and 100% fibonacci projection. Otherwise, price might break the key support level to trigger a dip towards the 2nd support of 0.70553 which is in line a previous horizontal swing low support.
Areas of consideration
- H4 1st resistance at 0.72277
- H4 1st support at 0.71062
- H4 2nd support at 0.70553
NZD/USD:
On the H4, we see the potential of bullish bounce from 1st support level of 0.65202 in line up with 161.8% fibonacci extension and -61.8% fibonacci expansion towards the 1st resistance level of 0.66437 in line with 38.2% fibonacci retracement and 61.8% fibonacci projection.
Areas of consideration:
- H4 time frame, 1st support at 0.65202
- H4 time frame, 1st resistance at 0.66437
- H4 time frame, 2nd support at 0.64897
USD/CAD:
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1.28560 where the swing high resistance and 161.8% Fibonacci extension is from our 1st support at 1.27622 in line with the horizontal pullback support and 50% Fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support where the horizontal swing low support and 38.2% Fibonacci retracement is.
Areas of consideration:
- H4 time frame, 1st resistance at 1.28560
- H4 time frame, 1st support at 1.27622
OIL:
On the H4, with price expected to reverse off the resistance of the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 104.72 where the swing high resistance and 61.8% Fibonacci retracement is to our 1st support at 96.41 in line with the horizontal swing low support and 78.6% Fibonacci retracement. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal swing high resistance at 108.80.
Areas of consideration:
- H4 time frame, 1st resistance of 104.72
- H4 time frame, 1st support of 96.41
Dow Jones Industrial Average:
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 33583 where the horizontal overlap resistance is to our 1st support at 32689 in line with the horizontal swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal overlap resistance and 38.2% Fibonacci retracement is at 34078.
Areas of consideration :
- H4 time frame, 1st resistance at 33583
- H4 time frame, 1st support at 32689
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