Thursday 23rd December 2021 : Technical Outlook and Review
On the H4 timeframe, with price breaking the resistance structure of the stochastics indicator, we have a bullish bias that price will rise from 1st support at 35594 in line with the graphical overlap resistance and 61.8% Fibonacci retracement to 1st resistance at 36153 in line with the 61.8% Fibonacci projection and graphical swing high resistance.
Wednesday 22nd December 2021 : Technical Outlook and Review
On the H4 timeframe, with price approaching the resistance within the ichimoku cloud and the stochastics indicator, we have a bearish bias that price will fall from 1st resistance at 35594 in line with the graphical swing overlap resistance and 61.8% Fibonacci retracement to 1st support at 34800 in line with the 61.8% Fibonacci retracement and graphical swing low support.
Tuesday 21th December 2021 : Technical Outlook and Review
On the H4 timeframe, with price moving below the ichimoku cloud, we have a bearish bias that price will rise from 1st resistance at 35271 in line with the graphical swing overlap resistance and 38.2% Fibonacci retracement to 1st support at 34417 in line with the 78.6% Fibonacci retracement and graphical swing low support.
Monday 20th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the support of the stochastics indicator and the support of the ichimoku indicator, we have a bullish bias that price will rise to 1st resistance at 36153 in line with the graphical swing high resistance from 1st support at 34996 in line with the horizontal swing overlap support and 50% Fibonacci retracement.
Friday 17th December 2021 : Technical Outlook and Review
On the H4, with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop from 1st resistance at 36153 in line with the graphical swing high resistance and 161.8% Fibonacci projection to 1st support at 35425 in line with the horizontal swing low support and 38.2% Fibonacci retracement.
Thursday 16th December 2021 : Technical Outlook and Review
On the H4 timeframe, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to 1st resistance at 76.26 in line with the graphical swing high resistance and 61.8% Fibonacci retracement and possibly to 2nd resistance at 78.27 in line with the 78.6% Fibonacci retracement and horizontal overlap resistance from 1st support at 74.4 in line with the 23.6% Fibonacci retracement.
Wednesday 15th December 2021 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, approaching the support of the stochastics indicator and the horizontal graphical level, we have a bullish bias that price will rise from 1st support at 35465 in line with the horizontal overlap support to 1st resistance at 36153 in line with the 161.8% Fibonacci extension and horizontal swing high resistance. Alternatively, price may break 1st support structure and head for 2nd support at 35056 in line with the horizontal overlap support and 50% Fibonacci retracement.
Tuesday 14th December 2021 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, approaching the support of the stochastics indicator and the horizontal graphical level, we have a bullish bias that price will rise from 1st support at 35610 in line with the horizontal overlap support and 23.6% Fibonacci retracement level to 1st resistance at 36153 in line with the 161.8% Fibonacci extension and horizontal swing high resistance.
Monday 13th December 2021 : Technical Outlook and Review
On the daily, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from 1st support at 35008 in line with the graphical overlap support and 38.2% Fibonacci retracement to 1st resistance at 36165 in line with the graphical swing high resistance and 78.6% Fibonacci retracement. Alternatively, we may see price break 1st support and head for 2nd support at 34015 in line with the horizontal swing low support.
