Wednesday 19th January 2022 : Technical Outlook and Review
On the H4, with price approaching the support of the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 35672 which is in line with horizontal overlap resistance and 38.2% Fibonacci retracement level from 1st support at 35252, which is in line with horizontal swing low support and 78.6% Fibonacci retracement level.
Tuesday 18th January 2022 : Technical Outlook and Review
On the H4 timeframe, price is consolidating in a descending channel and is on bearish momentum. We expect a dip from our 1st resistance at 95.254 towards our 1st support at 94.620 in line with 100% Fibonacci retracement and 61.8% Fibonacci retracement. RSI is at a level where dips previously occurred and prices are trading below ichimoku clouds, further supporting our bearish bias.
Monday 17th January 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 36433 which is in line with horizontal swing high resistance and 78.6% Fibonacci retracement level from 1st support at 35545, which is in line with horizontal swing low support and 61.8% Fibonacci retracement level.
Friday 14th January 2022 : Technical Outlook and Review
On the Daily, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 36620 which is in line with horizontal swing high resistance, 78.6% Fibonacci projection and 127.2% Fibonacci extension from 1st support at 35967, which is in line with horizontal overlap support and 38.2% Fibonacci retracement level.
Thursday 13th January 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 36928 which is in line with horizontal swing high resistance from 1st support at 36156, which is in line with horizontal overlap support and 38.2% Fibonacci retracement level.
Wednesday 12th January 2022 : Technical Outlook and Review
On the H4, with price moving below our moving average, we have a bearish bias that price will drop from our 1st resistance at 36303 which is in line with horizontal swing overlap resistance to 1st support at 35415, which is in line with horizontal overlap support and 61.8% fibonacci retracement.
Tuesday 11th January 2022 : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 36189 which is in line with horizontal swing overlap resistance to 1st support at 35415, which is in line with horizontal overlap support and 61.8% fibonacci retracement.
Monday 10th January 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 36861 which is in line with horizontal swing high resistance from 1st support at 36189, which is in line with horizontal overlap support and 32.8% Fibonacci retracement level.
Friday 7th January 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 36861 which is in line with horizontal swing high resistance from 1st support at 36189, which is in line with horizontal overlap support and 32.8% Fibonacci retracement level.
