Friday 10th 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.
Thursday 9th December 2021 : Technical Outlook and Review
On the H4, with approaching the resistance of the stochastics indicator and the horizontal graphical level, we have a bearish bias that price will drop to 1st support at 35503 in line with the horizontal overlap support from 1st resistance at 35863 in line with the 78.6% Fibonacci retracement. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 36062 in line with the horizontal swing high resistance.
Wednesday 8th December 2021 : Technical Outlook and Review
On the H4, with approaching the resistance of the stochastics indicator and the horizontal graphical level, we have a bearish bias that price will drop to 1st support at 35503 in line with the horizontal overlap support from 1st resistance at 35863 in line with the 78.6% Fibonacci retracement. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 36062 in line with the horizontal swing high resistance.
Tuesday 7th December 2021 : Technical Outlook and Review
On the H4, with price breaking the ichimoku indicator and the horizontal graphical level, we have a bullish bias that price will rise from 1st support at 35256 in line with the horizontal overlap support to 1st resistance at 35593 in line with the 127.2% Fibonacci extension. Alternatively, price may break 1st support structure and head for 2nd support at 34853 in line with the 38.2% Fibonacci retracement.
Monday 6th December 2021 : Technical Outlook and Review
On the H4, with price approaching the resistance on the stochastics indicator and the horizontal graphical level and moving below the ichimoku cloud, we are bias that price will drop to 1st support at 34157 in line with the horizontal swing low support and 78.6% Fibonacci retracement from 1st resistance at 34900 in line with the 78.6% Fibonacci extension. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 35293 in line with the 127.2% Fibonacci extension.
Friday 3rd December 2021 : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud and approaching a horizontal resistance, we are bias that price will have bearish move and drop to 1st support at 34228 in line with the horizontal swing low support from 1st resistance at 34838 in line with the 78.6% Fibonacci extension. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 35274 in line with the 127.2% Fibonacci extension.
Thursday 2nd December 2021 : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud and approaching the support of the stochastics indicator, we are bias that price still have some room for a bearish move and will drop to 1st support at 33925 in line with the -61.8% Fibonacci expansion and possibly to 2nd support at 33631 in line with the swing low support from 1st resistance at 34376 in line with the -27% Fibonacci expansion and 161.8% Fibonacci extension.
Wednesday 1st December : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud and approaching the support of the stochastics indicator, we are bias that price still have some room for a bearish move and will drop to 1st support at 34376 in line with the -27% Fibonacci expansion and 161.8% Fibonacci extension.
Tuesday 30th November: Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we are bias that price will drop from 1st resistance at 35335 in line with the 50% Fibonacci retracement and horizontal overlap resistance to 1st support at 34740 in line with the horizontal swing low support and 78.6% Fibonacci retracement.
