Friday 30th August 2024: Technical Outlook and Review
Identified as a pullback support, suggesting a strong area where the price might find buying interest.
Tuesday 27th August 2024: Technical Outlook and Review
Identified as a pullback resistance that aligns close to a 38.2% Fibonacci retracement, suggesting a potential area where selling pressures could intensify to resume the downtrend.
Monday 26th August 2024: Technical Outlook and Review
DXY (US Dollar Index): Potential Direction: BearishOverall momentum of the chart: […]
Friday 23rd August 2024: Technical Outlook and Review
DXY (US Dollar Index): Potential Direction: BullishOverall momentum of the chart: […]
Thursday 22nd August 2024: Technical Outlook and Review
Identified as swing low support, indicating a potential area where buyers could enter the market, leading to a bullish bounce.
Wednesday 21st August 2024: Technical Outlook and Review
Supported by the 161.80% Fibonacci Extension, suggesting a potential reversal point where buying pressure could increase.
Tuesday 20th August 2024: Technical Outlook and Review
Identified as an overlap support that aligns close to a 161.8% Fibonacci extension level, indicating a potential area where buying interests could pick up to stage a minor rebound.
Monday 19th August 2024: Technical Outlook and Review
Identified as an overlap support, reinforced by the 78.60% Fibonacci Retracement and the 127.20% Fibonacci Extension, indicating a confluence of support that could encourage buying activity.
Friday 16th August 2024: Technical Outlook and Review
Identified as swing low support, indicating a potential area where the price could find a strong base and push higher.
