DXY:
On the H4 timeframe, prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our 1st support at 98.670 in line with 78.6% Fibonacci projection towards our 1st resistance at 99.321 in line with 61.8% Fibonacci retracement. Prices are trading above our ichimoku cloud support, further supporting our bullish bias.
Areas of consideration:
- H4 time frame, 1st resistance at 99.321
- H4 time frame, 1st support at 98.670
XAU/USD (GOLD):
On the H4, prices are on bearish momentum. We see the potential for further bearish continuation from our 1st resistance at 1920.690 in line with 61.8% Fibonacci retracement towards our 1st support at 1890.887 in line with 200% Fibonacci projection. Ichimoku is on bearish momentum, further supporting our bias.
Areas of consideration:
- 4h 1st support at 1890.887
- 4h 1st resistance at 1920.690
GBP/USD:
On the H4, prices are on bearish momentum and abiding by our descending trendline resistance. We see the potential for further bearish continuation from our 1st resistance at 1.30952 in line with 23.6% Fibonacci Retracement and 61.8% Fibonacci Projection towards our 1st support at 1.30020 in line with 100% Fibonacci projection. Our bearish bias is supported by the ichimoku cloud indicator as price is trading under it.
Areas of consideration
- H4 1st resistance at 1.30952
- H4 1st support at 1.30020
USD/CHF:
On the H4, with price expected to reverse off the stochastics indicator, we have a bias that price will drop from 1st resistance at 0.94200 in line with the swing high resistance to 1st support at 0.93439 in line with the horizontal pullback support and 50% Fibonacci retracement .Alternatively, price may break 1st resistance structure and head for 2nd resistance at 0.94658 in line with the 161.8% Fibonacci extension.
Areas of consideration
- 1st support level 0.93439
- 1st resistance 0.94200
EUR/USD :
On the H4 price is near 1st support level of 1.09358 in line with 61.8% Fibonacci retracement. Price can potentially go up to the 1st resistance level of 1.11197 which is in line with 78.6% Fibonacci projection and 50% Fibonacci retracement. Our bullish bias is supported by the stochastic indicator as it is near support level.
Areas of consideration :
- H4 1st resistance at 1.11197
- H4 1st support at 1.09358
USD/JPY:
On the H4 timeframe prices are at a strong resistance. We see the potential for a dip from our 1st resistance at 118.422 in line with 78.6% Fibonacci retracement towards our 1st support at 117.664 in line with 23.6% Fibonacci retracement. RSI is further supporting our bearish bias.
Areas of consideration:
- H4 time frame, 1st resistance at 118.422
- H4 time frame, 1st support at 117.664
AUD/USD:
On the H4 chart, price is near the 1st support level of 0.71803 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. Price can potentially bounce to the 1st resistance level of 0.72834 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection. Our bullish bias is further supported by the stochastic indicator as it is at support level.
Areas of consideration
- H4 1st resistance at 0.72834
- H4 1st support at 0.71803
NZD/USD:
On the H4 price is near 1st support level of 0.67377 in line with 100% Fibonacci projection and 161.8% Fibonacci extension. Price can potentially bounce to the 1st resistance level at 0.68756 in line with 78.6% Fibonacci retracement. Our bullish bias is further supported by the stochastic indicator as it is at support level.
Areas of consideration :
- H4 1st resistance at 0.68756
- H4 1st support at 0.67377
USD/CAD:
On the H4, with price expected to reverse off the stochastics indicator, we have a bias that price will drop from 1st resistance at 1.28829 in line with the 61.8% Fibonacci projection to 1st support at 1.27090 in line with the horizontal swing low support and 61.8% Fibonacci projection.Alternatively, price may break 1st resistance structure and head for 2nd resistance at 1.29422 in line with the 78.6% Fibonacci projection.
Areas of consideration:
- H4 time frame, 1st support at 1.27090
- H4 time frame, 1st resistance at 1.28829
OIL:
On the H4, with price moving below the ichimoku cloud, we have a bias that price will drop from 1st resistance at 105.6 in line with the horizontal overlap resistance to 1st support at 90.8 in line with the swing low support .Alternatively, price may break 1st resistance and head for 2nd resistance at 112.53 in line with the swing high resistance.
Areas of consideration:
- H4 time frame, 1st resistance of 105.6
- H4 time frame, 1st support of 90.8
Dow Jones Industrial Average:
On the H4, with price moving above the ichimoku cloud, we have a bias that price will rise to 1st resistance at 34075 in line with the swing high resistance from 1st support at 33183 in line with the swing low support and 50% Fibonacci retracement. Alternatively, price may break 1st support and head for 2nd support at 32701 in line with the horizontal swing low support. Our bullish bias is further supported by how price broke the descending trendline.
Areas of consideration :
- H4 1st support at 33183
- H4 1st resistance at 34075
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