Monday 27th September 2021: Technical Outlook and Review
On the H4, price ended last week’s trading session trading sideways and still holding between 1st resistance at 35104 and 1st support at 34510. With longer term indicators giving mixed signals, we prefer to remain neutral for now, watching these two levels. A break above 1st resistance could see price rise further, whilst a break below 1st support could see price drop lower.
Friday 24 September 2021: Technical Outlook and Review
On the H4, price rose higher overnight, surpassing previous resistance. Price is now holding between 1st resistance at 35104 and 1st support at 34510. With longer term indicators giving mixed signals, we prefer to remain neutral for now, watching these two levels. A break above 1st resistance could see price rise further, whilst a break below 1st support could see price drop lower.
Thursday 23 September 2021: Technical Outlook and Review
On the H4, price has rebounded and is on a bullish trend. We see a possibility of prices climbing higher to test our graphical overlap 1st resistance at 34510.30. Stochastics is also testing support where price bounced in the past. Breaking above 1st resistance might see price ascend further towards our 2nd resistance at 35104.25 in line with 78.6% Fibonacci retracement and bearish trendline towards.
Wednesday 22 September 2021: Technical Outlook and Review
DXY: Looking at the Weekly chart price may bearish towards the […]
Tuesday 21 September 2021: Technical Outlook and Review
On the H4, price dropped lower breaking previous supports. With price now testing key graphical swing low support at 33613 and stochastic testing support where price bounced in the past, an intraday bounce towards graphical overlap resistance at 34510 could be possible. Otherwise, breaking below 1st support will see price drop lower towards daily support at 33270.
Monday 20th September 2021: Technical Outlook and Review
On the H4, price traded sideways on Friday and is still holding above 1st support at 34505. We see a possibility where buyers may enter and add to their longs with a possible upside target at 1st resistance at 35199. Stochastics is testing support where price bounced in the past as well. Otherwise, breaking below 1st support will see price drop lower towards 2nd support at 34148.
Friday 17th September 2021: Technical Outlook and Review
On the Daily chart, price drifted lower below 1st resistance at 35600. With stochastics reacting below resistance where price pulled lower in the past, it is possible to see some selling pressure push price lower towards 1st support at 33270. Otherwise, breaking above 1st resistance will see price swing higher towards 2nd resistance at 37770.
Thursday 16th 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.
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.
