Monday 29th November: Technical Outlook and Review
On the H4, with price approaching the support of the stochastics indicator, we are bias that price will bounce up to 1st resistance at 35335 in line with the 50% Fibonacci retracement and horizontal overlap resistance from 1st support at 34689 in line with the horizontal swing low support and 78.6% Fibonacci retracement.
Friday 26th November: Technical Outlook and Review
On the Daily chart, with price moving above the ichimoku cloud, we are expecting to see price rise from 1st support at 35492 in line with the 78.6% Fibonacci retracement and horizontal overlap support to 1st resistance at 36452 in line with our horizontal swing high resistance. Alternatively, price may break 1st support and head for 2nd support at 34928 in line with the 127.2% Fibonacci extension.
Thursday 25th November: Technical Outlook and Review
On the H4 timeframe, with price approaching the resistance on the stochastics indicator and the horizontal graphical level, we have a bias that price will drop to 1st support at 79.6 in line with the 61.8% Fibonacci retracement and horizontal overlap support and possible to 2nd support at 76.96 in line with the 161.8% Fibonacci extension and horizontal swing low support from 1st resistance at 82.91 in line with the horizontal swing high resistance.
Wednesday 24th November: Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, w are bias that price will drop from 1st resistance at 35888 in line with the 50% Fibonacci retracement and horizontal overlap resistance to 1st support at 35513 in line with the horizontal swing low support and 127.2% Fibonacci projection and possibly to 2nd support at 35319 in line with the 161.8% Fibonacci projection and horizontal overlap support.
Tuesday 23rd November: Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, w are bias that price will drop from 1st resistance at 35949 in line with the 78.6% Fibonacci retracement and horizontal overlap resistance to 1st support at 35627 in line with the horizontal swing low support and possibly to 2nd support at 35458 in line with the 127.2% Fibonacci extension and horizontal swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 36165 in line with the 161.8% Fibonacci projection.
Monday 22nd November: Technical Outlook and Review
On the H4, with price testing the support on the RSI indicator, rejecting the graphical horizontal overlap support at 1st support at 35529 in line with the -61.8%Fibonacci expansion, we are biased that price will rise from 1st support to 1st resistance at 35814 in line with the 50% Fibonacci retracement and horizontal overlap resistance and possibly to 2nd resistance at 36037 in line with the 127.2% Fibonacci extension and graphical swing high resistance.
Friday 19th November: Technical Outlook and Review
On the Daily, with price moving above the ichimoku cloud, we are expecting to see price do a bounce from 1st support at 35492 in line with the 78.6% Fibonacci retracement to 1st resistance at 36452 in line with the horizontal swing high resistance. Alternatively, price may break 1st support and head to 2nd support at 34928 in line with the horizontal overlap support.
Thursday 18th November: Technical Outlook and Review
On the H4, with price testing the support on the ascending trendline, the support of the ichimoku cloud and the horizontal overlap support at 1st support in line with the 38.2% Fibonacci retracement at 36160, we are biased that price will rise from here to 1st resistance at 36568 in line with the horizontal swing high resistance.
Wednesday 17th November: Technical Outlook and Review
On the H4 timeframe,we can see price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 83.10 in line with the 50% Fibonacci retracement level and horizontal swing high resistance to 1st support at 80.68 in line with our horizontal swing low support.
