Friday 23rd December 2022: Technical Outlook and Review
Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect the price to continue heading towards the 1st support at 3636.87, where the 78.6% Fibonacci line is.
Thursday 22nd December 2022: Technical Outlook and Review
Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the 1st support at 3636.87, where the 78.6% Fibonacci line is.
Wednesday 21st December 2022: Technical Outlook and Review
Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the 1st support at 130.421, where the previous swing low is located.
Tuesday 20th December 2022: Technical Outlook and Review
The current general bias for USDJPY on the H4 chart is bullish. To add confluence to this, the price is above the Ichimoku cloud which indicates a bullish market. If the bullish momentum continues, expect USDJPY to break the 1st resistance line at 137.657, where the 61.8% Fibonacci line and previous low are located before heading towards the 2nd resistance at 140.356, where the 50% Fibonacci line and previous swing low are.
Monday 19th December 2022: Technical Outlook and Review
Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the 1st support at 3806.91, where the 50% Fibonacci line is.
Friday 16th December 2022: Technical Outlook and Review
The current general bias for USDJPY on the H4 chart is bullish. To add confluence to this, the price is above the Ichimoku cloud which indicates a bullish market. If the bullish momentum continues, expect USDJPY to break the 1st resistance line at 137.657, where the 61.8% Fibonacci line and previous low are located before heading towards the 2nd resistance at 140.356, where the 50% Fibonacci line and previous swing low are.
Thursday 15th December 2022: Technical Outlook and Review
The overall bias for the S&500 on the H4 chart is bullish, with prices above the Ichimoku cloud. If the bullish momentum continues, the expected price to possibly break the 1st resistance line is at 4031.44, where the 61.8% Fibonacci line is located before heading towards the 2nd resistance line at 4177.51, where the 78.6% Fibonacci line is.
Thursday 24th November 2022: Technical Outlook and Review
The overall bias for the S&500 on the H4 chart is bullish, with prices above the Ichimoku cloud. If the bullish momentum continues, the price will rise to the first resistance line at 4011.74, where the 61.8% Fibonacci line is located. If the first resistance line is broken, the second resistance line is at 4119.28, which is the previous swing high and the 78.6% Fibonacci line.
Wednesday 23rd November 2022: Technical Outlook and Review
The current general bias for USDJPY on the H4 chart is bullish. To add confluence to this, the price is crossing the Ichimoku cloud which indicates a bullish market. If the bullish momentum continues, expect USDJPY to head towards the 1st resistance line at 143.512 where the -27.2% Fibonacci expansion line and 50% Fibonacci line are located .
