22nd July 2022 Friday: Technical Outlook and Review
On the H4, with price moving with a bearish channel and having a bullish break, we have a bullish bias that price might rise from our 1st resistance at 32011, which is in line with the swing highs to our 2nd resistance at 32775, which is in line with swing high.
21st July 2022 Thursday: Technical Outlook and Review
On the H4, with price moving in a ascending trendline and moving above ichimoku cloud, we have a bullish bias that price might rise from our 1st support at 31787, which is in line with 141.4% fibonacci retracement to our 1st resistance at 32034, which is in line with 161.8% fibonacci retracement.
20th July 2022 Wednesday: Technical Outlook and Review
On the H4, with price moving in a bearish channel, crossing the ichimoku cloud, having a bullish break, we have a bullish bias that price might rise from our 1st support at 31999 , which is in line with the pullback resistance and 38.2% fibonacci retracement to our 1st resistance at 32677, which is in line with 50% fibonacci retracement.
19th July 2022 Tuesday: Technical Outlook and Review
On the H4, with price moving in a descending trend channel and stochastics showing price recently reversing off the resistance level, we have a bearish bias that price will continue to drop from the 1st resistance at 31391 at the overlap resistance to the 1st support at 30169 at the swing low.
18th July 2022 Monday: Technical Outlook and Review
On the H4, with price moving within the descending channel and expected to reverse off the stochastic resistance, we have a bearish bias that price will rise and drop from the 1st resistance at 31390 at the overlap resistance, 100% fibonacci projection and 78.6% fibonacci retracement to the 1st support at 30196 at the swing low support.
15th July 2022 Friday: Technical Outlook and Review
On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise from our 1st support at 30423 where the horizontal pullback support is to our 1st resistance at 31477 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement.
14th July 2022 Thursday: Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 31218 where the horizontal pullback support is to our 1st resistance at 31866 in line with the horizontal swing high resistance.
13th July 2022 Wednesday: Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 89.44 where the 161.8% Fibonacci extension is from our 1st resistance at 96.93 in line with the horizontal pullback resistance and 50% Fibonacci retracement.
12th July 2022 Tuesday: Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 31218 where the horizontal pullback support is to our 1st resistance at 31866 in line with the horizontal swing high resistance.
