19th May 2022 Thursday: Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 32553 where the 50% Fibonacci retracement is to our 1st support at 31294 in line with the swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the 78.6% Fibonacci retracement.
18th May 2022 Wednesday: Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 32553 where the 50% Fibonacci retracement is to our 1st support at 31294 in line with the swing low support.
17th May 2022 Tuesday: Technical Outlook and Review
On the H4, with price expected to reverse off the stochastics indicator resistance, we have a bearish bias that price will drop from our 1st resistance at 114.39 where the 127.2% Fibonacci extension is to our 1st support at 111.11 in line with the 23.6% Fibonacci retracement.
13th May 2022 Friday: Technical Outlook and Review
On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 32553 where the swing high resistance is from our 1st support at 31753 in line with the horizontal swing low support.
12th May 2022 Thursday: Technical Outlook and Review
On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 32553 where the swing high resistance is from our 1st support at 31753 in line with the horizontal swing low support.
11th May 2022 Wednesday: Technical Outlook and Review
On the H4, with price expected to reverse off the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 32553 where the horizontal pullback resistance and 23.6% Fibonacci retracement is to our 1st support at 31900 in line with the 127.2% Fibonacci extension. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal pullback resistance.
09th May Monday : Technical Analysis and Review
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 116.71 where the 161.8% Fibonacci extension is from our 1st support at 108.77 in line with the horizontal pullback support.
06th May 2022 Friday: Technical Outlook and Review
On the H4, with price expected to reverse off the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 33193 where the horizontal pullback resistance and 38.2% Fibonacci retracement is to our 1st support at 32422 in line with the pullback support.
05th May 2022 Friday: Technical Outlook and Review
On the H4, with price expected to reverse off the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 34042 where the horizontal pullback resistance and 50% Fibonacci retracement is to our 1st support at 33193 in line with the 50% Fibonacci retracement.
