Thursday 6th 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.
Wednesday 5th 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 37124 which is in line with horizontal swing high resistance and 161.8% Fibonacci extension from 1st support at 36555, which is in line with horizontal overlap support and 23.6% Fibonacci retracement level.
Tuesday 4th January 2022 : Technical Outlook and Review
On the H4, with price rejecting the resistance on the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 36555 area which is in line with horizontal swing high resistance and 127.2% Fibonacci extension level to 1st support at 35971, which is in line with horizontal overlap support, 38.2% Fibonacci retracement level.
Monday 3rd January 2022 : Technical Outlook and Review
On the H4, with price rejecting the resistance on the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 36555 which is in line with horizontal swing high resistance and 127.2% Fibonacci extension level to 1st support at 35971, which is in line with horizontal overlap support, 38.2% Fibonacci retracement level.
Friday 31st December 2021 : Technical Outlook and Review
On the H4, with price on a downwards trend on the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 36512 which is in line with horizontal swing high resistance and 127.2% Fibonacci extension level to 1st support at 35594, which is in line with horizontal overlap support, 50.0% Fibonacci retracement level.
Thursday 30th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop to 1st support at 35594 in line with the graphical overlap support and 50% Fibonacci retracement from 1st resistance at 36536 in line with graphical swing high resistance, 78.6% Fibonacci projection and 127.2% Fibonacci extension.
Wednesday 29th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop to 1st support at 35594 in line with the graphical overlap support and 50% Fibonacci retracement from 1st resistance at 36536 in line with graphical swing high resistance, 78.6% Fibonacci projection and 127.2% Fibonacci extension.
Monday 27th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop to 1st support at 35594 in line with the graphical overlap support and 61.8% Fibonacci retracement from 1st resistance at 36153 in line with the 61.8% Fibonacci retracement and graphical swing high resistance.
Friday 24th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop to 1st support at 35594 in line with the graphical overlap support and 61.8% Fibonacci retracement from 1st resistance at 36153 in line with the 61.8% Fibonacci retracement and graphical swing high resistance.
