Friday 17th December 2021 : Technical Outlook and Review
On the H4, with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop from 1st resistance at 36153 in line with the graphical swing high resistance and 161.8% Fibonacci projection to 1st support at 35425 in line with the horizontal swing low support and 38.2% Fibonacci retracement.
Thursday 16th December 2021 : Technical Outlook and Review
On the H4 timeframe, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to 1st resistance at 76.26 in line with the graphical swing high resistance and 61.8% Fibonacci retracement and possibly to 2nd resistance at 78.27 in line with the 78.6% Fibonacci retracement and horizontal overlap resistance from 1st support at 74.4 in line with the 23.6% Fibonacci retracement.
Wednesday 15th December 2021 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, approaching the support of the stochastics indicator and the horizontal graphical level, we have a bullish bias that price will rise from 1st support at 35465 in line with the horizontal overlap support to 1st resistance at 36153 in line with the 161.8% Fibonacci extension and horizontal swing high resistance. Alternatively, price may break 1st support structure and head for 2nd support at 35056 in line with the horizontal overlap support and 50% Fibonacci retracement.
Tuesday 14th December 2021 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, approaching the support of the stochastics indicator and the horizontal graphical level, we have a bullish bias that price will rise from 1st support at 35610 in line with the horizontal overlap support and 23.6% Fibonacci retracement level to 1st resistance at 36153 in line with the 161.8% Fibonacci extension and horizontal swing high resistance.
Monday 13th 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.
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.
