Thursday 14th October : Technical Outlook and Review
On the H4, with a bullish bias, we may expect to see price head to 1st resistance at 34685 in line with the 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Otherwise if price breaks structure at 1st support at 34308 in line with the 61.8% Fibonacci retracement and 100% Fibonacci projection, we may see further bearish movements to 2nd support at 33918 in line with the 161.8% Fibonacci projection.
Tuesday 12th October : Technical Outlook and Review
Otherwise if price breaks structure at 1st support at 34308 in line with the 61.8% Fibonacci retracement, we may see further bearish movements to 2nd support at 33918 in line with the 161.8% Fibonacci projection. Our bullish bias is supported by the ichimoku where price is moving above it along with the existing ascending trend line.
Monday 11th October : Technical Outlook and Review
On the H4, with a bullish bias, we may expect to see price head to 35033 in line with the 127.2% Fibonacci projection. Possibly even breaking structure at 1st resistance and heading for 2nd resistance at 35508 in line with another 127.2% Fibonacci retracement.
Thursday 7th October 2021: Technical Outlook and Review
On the H4, we may expect to see a short term bullish move to 1st resistance at 34688 in line with the 78.6% Fibonacci retracement with recent price closing above the exponential moving average. If price breaks 1st resistance, we may see further bullish moves to second resistance at 35033 in line with the 100% Fibonacci projection as a potential upside target. Otherwise, breaking 1st support at 34438 in line with the 61.8% Fibonacci retracement, will see price fall towards 2nd support at 34113.
Wednesday 5th October 2021: Technical Outlook and Review
If price breaks 1st resistance, we may see further bullish moves to second resistance at 35037 in line with the 100% Fibonacci projection as a potential upside target. Otherwise, breaking 1st support at 34157 in line with the 38.2% Fibonacci retracement, will see price rise towards 2nd support at 33889 in line with the 61.8% Fibonacci retracement.
Tuesday 5th October 2021: Technical Outlook and Review
On the H4, we may expect to see a short term bullish move to 1st resistance at 34695 with recent price closing above the moving average. If price breaks 1st resistance, we may see further bullish moves to second resistance at 35060 as a potential upside target. Otherwise, breaking 1st support at 33890, will see price rise towards 2nd resistance at 35615.
Australian Daylight Savings: Updated Trading Schedule 2021
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Friday 1st October 2021: Technical Outlook and Review
On the H4, with the ichimoku indicating further bearish movements, price pulled lower and is now reapproaching key 200% Fibonacci level at 1st support of 23609 where a second bounce reaction could be possible, with buyers looking at 1st resistance at 34962 as a potential upside target. Otherwise, breaking 1st resistance will see price drop lower towards 2nd support at 35443.
Thursday 30 September 2021: Technical Outlook and Review
On the H4, price pulled lower and is now approaching key 61.8% Fibonacci retracement level and 1st support at 34256 where a bounce reaction could be possible, with buyers looking at 1st resistance at 34962 as a potential upside target. Otherwise, breaking 1st support will see price drop lower towards 2nd support at 33613.
