Friday 5th November: Technical Outlook and Review
On the H4, with price approaching the resistance of the stochastics indicator indicating a reversal, we are biased that price will dip from 1st resistance at 36148 in line with two 161.8% Fibonacci extension level and 61.8% Fibonacci projection level to 1st support at 35975 in line with the 61.8% Fibonacci retracement level. Alternatively, we may see price break 1st resistance and head for 2nd resistance at 36276 in line with 127.2% Fibonacci extensions and 100% Fibonacci projection.
Wednesday 3rd November: Technical Outlook and Review
On the H4, with price approaching the resistance of the stochastics indicator indicating a reversal, we are biased that price will dip from 1st resistance at 36068 in line with the 127.2% Fibonacci extension level to 1st support at 35808 in line with the 38.2% Fibonacci retracement level. Alternatively, we may see price break 1st resistance and head for 2nd resistance at 36148 in line with two 161.8% Fibonacci extensions.
Tuesday 2nd November: Technical Outlook and Review
On the H4, with price trading above the ichimoku cloud, we are biased that the market on this timeframe is bullish. We are expecting to see price head to 1st resistance at 36004 in line with the 127.2% Fibonacci extension level from 1st support at 35808 in line with the 38.2% Fibonacci retracement level.
Monday 01st November: Technical Outlook and Review
On the H4 timeframe, prices have broken out of our channel and are on a bullish momentum. We see potentially a slight pullback towards our intermediate support at 94.054 in line with our 23.6% Fibonacci retracement and higher towards our 1st resistance at 94.220 in line with 38.2% Fibonacci retracement.
Friday 29th October: Technical Outlook and Review
DXY: On the weekly, prices are consolidating in a parallel channel. […]
Thursday 28th October: Technical Outlook and Review
DXY: On the H4 timeframe, prices are on a bullish momentum. […]
Wednesday 27th October: Technical Outlook and Review
DXY: On the H4 timeframe, prices are on a bullish momentum. […]
Tuesday 26th October : Technical Outlook and Review
On the H4, price has just bounced off the 1st support at 35472 in line with the 23.6% Fibonacci retracement level which is also a graphical horizontal overlap support. With the RSI showing a bearish divergence, we are likely to see some bearish momentum from 1st resistance at 35968 in line with our graphical swing high resistance and two 127.2%
Monday 25th October : Technical Outlook and Review
On the H4, price has just bounced off the 1st resistance at 35736 which is a graphical horizontal swing high resistance. Despite our bullish bias, we have may see a slide pullback of price to 1st support at 35334 in line with the 23.6% Fibonacci retracement level which is a horizontal overlap support before continuing with its bullish momentum
