ICMarket

Featured

Technical Analysis
Wednesday 15th September 2021: Technical Outlook and Review

On the Weekly, price continues to hold between 1st support at 33270 and 1st resistance at 37770. With price holding above moving average, we still see possible bullish pressure. However with no good levels for entry, we prefer to remain neutral for now.

By IC Markets

Technical Analysis
Tuesday 14th September 2021: Technical Outlook and Review

On the Weekly, price continues to hold between 1st support at 33270 and 1st resistance at 37770. With price holding above moving average, we still see possible bullish pressure. However with no good levels for entry, we prefer to remain neutral for now.

By IC Markets

Technical Analysis
Monday 13th September 2021: Technical Outlook and Review

On the Weekly, price continues to hold between 1st support at 33270 and 1st resistance at 37770. With price holding above moving average, we still see possible bullish pressure. However with no good levels for entry, we prefer to remain neutral for now.

By IC Markets

Technical Analysis
Thursday 09th September 2021: Technical Outlook and Review

On the H4, price has experienced a minor pullback towards 1st support at 34494.34 in-line with 61.8% Fibonacci retracement.  We still see a low probability bearish scenario where sellers may further add to their shorts to push price lower towards our 1st support. Otherwise a break beyond our 1st support will see the price swing lower towards our 2nd support at 33741.76. MacD is showing potential for further downside.

By IC Markets

Technical Analysis
Wednesday 08th September 2021: Technical Outlook and Review

On the H4, price has experienced a minor pullback towards 1st support at 34494.34 in-line with 61.8% Fibonacci retracement.  We still see a low probability bearish scenario where sellers may further add to their shorts to push price lower towards our 1st support. Otherwise a break above our 1st resistance will see the price swing higher towards the next resistance at 36693.63. Stochastic is showing potential for further downside.

By IC Markets

Technical Analysis
Tuesday 07 September 2021: Technical Outlook and Review

On the H4, price traded sideways overnight, but still holding below 1st resistance at 35631. We still see a low probability bearish scenario where sellers may further 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. Stochastic is testing resistance where price pulled back lower in the past as well.

By IC Markets

Technical Analysis
Monday 06th 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.

By IC Markets

Featured
US Labour Day Trading Schedule 2021

Dear Trader, Please find our updated trading schedule for the US Labour Day Holiday on Monday, 06th September 2021. All times mentioned below are Platform time (GMT +3)

By IC Markets

Technical Analysis
Friday 03rd September 2021: Technical Outlook and Review

On the H4, price traded sideways overnight but still holding below 1st resistance at 35631. We see a low probability bearish scenario where sellers may further 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. Stochastic is testing resistance where price pulled back lower in the past as well.

By IC Markets