DXY:
On the H4 timeframe, prices are on bullish momentum. We see the potential for a bounce from our 1st support at 97.808 in line with 38.2% Fibonacci retracement towards our 1st resistance at 98.339 in line with 38.2% Fibonacci retracement. Ichimoku clouds are showing green, further supporting our bullish bias.
Areas of consideration:
- H4 time frame, 1st resistance at 98.339
- H4 time frame, 1st support at 97.808
XAU/USD (GOLD) :
On the H4, prices are on bearish momentum. We see the potential for further bearish continuation from our 1st resistance at 1944.65 in line with 38.2% Fibonacci retracement and 127.2% Fibonacci Projection towards our 1st support at 1909.28 which is a graphical swing low. Ichimoku is on bearish momentum, further supporting our bearish bias.
Areas of consideration:
- 4h 1st support at 1909.28
- 4h 1st resistance at 1944.65
GBP/USD:
On the H4, prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for further bullish continuation from our 1st support at 1.31017 in line with 61.8% Fibonacci Retracement towards our 1st resistance at 1.32727 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci Projection. Ichimoku clouds is forecasting the bullish clouds, further supporting our bias.
Areas of consideration
- H4 1st resistance at 1.31841
- H4 1st support at 1.30814
USD/CHF:
On the H4, with price moving above the ichimoku cloud, we have a bias that price will rise to our 1st resistance at 0.93385 in line with the 23.6% Fibonacci retracement from our 1st support at 0.92953 in line with the horizontal pullback support and 78.6% Fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 0.92578 in line with the 61.8% Fibonacci retracement
Areas of consideration
- 1st support level 0.92953
- 1st resistance 0.93385
EUR/USD :
On the H4 price is near 1st resistance level of 1.10566 in line with 38.2% Fibonacci retracement. Price can move towards the 1st support level of 1.09020 which is in line with 78.6% Fibonacci retracement and 100% Fibonacci projection. Our bearish bias is supported by the stochastic indicator as it is near resistance level.
Areas of consideration :
- H4 1st resistance at 1.10566
- H4 1st support at 1.09020
USD/JPY:
On the H4 timeframe, prices have approached pivot and swing high. We see the potential for a short pullback from our 1st resistance at 119.246 in line with 61.8% Fibonacci projection towards our 1st support at 118.366 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci Projection. Divergence is spotted on RSI, further supporting our bearish bias.
Areas of consideration:
- H4 time frame, 1st resistance at 119.246
- H4 time frame, 1st support at 118.366
AUD/USD:
On the H4, price is near 1st resistance level of 0.74285 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. Price can move towards the 1st support level of 0.73098 which is in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is supported by stochastic indicator where it is at resistance level.
Areas of consideration
- H4 1st resistance at 0.74285
- H4 1st support at 0.73098
NZD/USD:
On the H4, price is expected to drop closer to the ascending trendline. Price is near 1st resistance level of 0.69255 in line with 61.8% Fibonacci projection and 127.2% Fibonacci extension. Price can move towards the 1st support level of 0.68086 which is in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection.Our bearish bias is supported by stochastic indicator where it is at resistance level.
Areas of consideration :
- H4 1st resistance at 0.69255
- H4 1st support at 0.68086
USD/CAD:
On the H4, with price expected to bounce off the stochastics indicator, we have a bias that price will rise to our 1st resistance at 1.26558 in line with the 23.6% Fibonacci retracement from our 1st support at 1.25898 in line with the horizontal swing low support. Alternatively, price may break 1st support structure and head for 2nd support at 1.25608 in line with the 161.8% Fibonacci projection.
Areas of consideration:
- H4 time frame, 1st support at 1.25898
- H4 time frame, 1st resistance at 1.26558
OIL:
On the H4, with price moving below the ichimoku cloud, we have a bias that price will drop from 1st resistance at 112.53 in line with the horizontal overlap resistance and 38.2% Fibonacci retracement to 1st support at 97.84 in line with the swing low support .Alternatively, price may break 1st resistance and head for 2nd resistance at 117.97.
Areas of consideration:
- H4 time frame, 1st resistance of 112.53
- H4 time frame, 1st support of 97.84
Dow Jones Industrial Average:
On the H4, with price moving above the ichimoku cloud, we have a bias that price will rise to our 1st resistance at 34991 in line with the horizontal swing high resistance from our 1st support at 34309 in line with the 23.6% Fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 33885 in line with the 38.2% Fibonacci retracement.
Areas of consideration :
- H4 1st support at 34309
- H4 1st resistance at 34991
The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.
News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com.au, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.
The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property.
