Thursday 17th November 2022: Technical Outlook and Review
The overall bias for the S&500 on the H4 chart is bullish, with prices above the Ichimoku cloud. If the bullish momentum continues, the price will rise to the first resistance line at 4011.74, where the 61.8% Fibonacci line is located. If the first resistance line is broken, the second resistance line is at 4119.28, which is the previous swing high and the 78.6% Fibonacci line.
Wednesday 16th November 2022: Technical Outlook and Review
The overall bias for the S&500 on the H4 chart is bullish, with prices above the Ichimoku cloud. If the bullish momentum continues, the price will rise to the first resistance line at 4011.74, where the 61.8% Fibonacci line is located. If the first resistance line is broken, the second resistance line is at 4119.28, which is the previous swing high and the 78.6% Fibonacci line.
Tuesday 15th November 2022: Technical Outlook and Review
The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, expect USDJPY to break the 1st support line at 138.852 where the -27.2% Fibonacci expansion line is located and head towards the 2nd support line at 135.554 where the 78.6% Fibonacci line is located.
Monday 14th November 2022: Technical Outlook and Review
On the H4 chart, the overall bias for S&P500 is bullish with price above the Ichimoku cloud. If bullish momentum continues, expect the price to head up towards the 1st resistance line at 4011.74 where the 61.8% Fibonacci line is located.
Thursday 10th November 2022: Technical Outlook and Review
On the H4 chart, the overall bias for S&P500 is bullish with price above the Ichimoku cloud. Overnight, price had bearish momentum with the price closing under the 1st resistance at 3805.83 where the 38.2% Fibonacci line is located. The price is currently trading at 3748.56 at time of writing.
Wednesday 09th November 2022: Technical Outlook and Review
On the H4 chart, the overall bias for S&P500 is bullish with price currently crossing above the Ichimoku cloud. Overnight, price had bullish momentum with the price closing above the 1st support at 3805.83 where the 38.2% Fibonacci line is located.
Tuesday 08th November 2022: Technical Outlook and Review
On the H4 chart, the overall bias for S&P500 is bullish with price currently crossing above the Ichimoku cloud. Overnight, price had bullish momentum with the price closing under the 1st resistance at 3805.83 where the 38.2% Fibonacci line is located.
Tuesday 8th November 2022: Asia-Pacific trading higher
Gold prices gained more than one percent in the day's trade, amidst a softening in the Dollar's strength as markets reconcile to the Fed's actions and commentary in the recent review
Monday 7th November 2022: Technical Outlook and Review
On the H4 chart, the overall bias for S&P500 is bearish with price currently crossing under the Ichimoku cloud. Towards the end of last week, price continued its bearish momentum with price closing under the 1st resistance at 3805.83 where the 38.2% Fibonacci line is located.
