20th April 2022 Wednesday: Technical Outlook and Review
Price is near to the pivot level. We can see a potential for a bearish reversal from 1st resistance level of 34960 along with previous graphical swing high resistance towards the 1st support level of 34174 which lines up with 38.2% Fibonacci retracement.
19th April 2022 Tuesday: Technical Outlook and Review
Price is near to the pivot level. We can see a potential for a bullish momentum from 1st support level of 34174 lines up with 38.2% fibonacci retracement, along with a pullback support towards the 1st resistance level of 34960 lines up with previous graphical swing high resistance.
18th April 2022 Monday: Technical Outlook and Review
Price is near to the pivot level. We can see a potential for a bullish bounce from 1st support level of 34174 lines up with 38.2% fibonacci retracement, along with a pullback support towards the 1st resistance level of 34960 lines up with previous graphical swing high resistance.
14th April 2022 Thursday: Technical Outlook and Review
Price has bounced above the 1st support we highlighted yesterday at 34174. We can see that it is testing the descending resistance line once again and is also testing the bearish Ichimoku cloud resistance. Price is likely to be squeezed further down and a break of the 34174 area should trigger a bigger move down to 33436 level which is a pullback support along with a 61.8% Fibonacci retracement.
Wednesday 13th April 2022: Technical Outlook and Review
Price is seeing an overlap support level at 34174 which also lines up with the 38.2% Fibonacci retracement. The Ichimoku cloud is above prices and there is a descending resistance line that is also pushing it down and squeezing it against the 1st support level.
12th April 2022 Tuesday: Technical Outlook and Review
On the H4 timeframe, prices are consolidating on an intermediate support. We see the potential for a bounce from our intermediate support at 99.754 in line 23.6% Fibonacci retracement towards our 1st resistance at 100.399 in line with 161.8% Fibonacci projection.
11th April 2022 Monday : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bias that price will rise to our 1st resistance at 35823 in line with the 127.2% Fibonacci extension from our 1st support at 34061 in line with the horizontal pullback support and 50% Fibonacci retracement.
08th April Friday 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bias that price will rise to our 1st resistance at 35823 in line with the 127.2% Fibonacci extension from our 1st support at 34061 in line with the horizontal pullback support and 50% Fibonacci retracement.
07th April Thursday 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bias that price will rise to our 1st resistance at 35823 in line with the 127.2% Fibonacci extension from our 1st support at 34061 in line with the horizontal pullback support and 50% Fibonacci retracement.
