Wednesday 21st August 2024: Technical Outlook and Review
Supported by the 161.80% Fibonacci Extension, suggesting a potential reversal point where buying pressure could increase.
Tuesday 20th August 2024: Technical Outlook and Review
Identified as an overlap support that aligns close to a 161.8% Fibonacci extension level, indicating a potential area where buying interests could pick up to stage a minor rebound.
Monday 19th August 2024: Technical Outlook and Review
Identified as an overlap support, reinforced by the 78.60% Fibonacci Retracement and the 127.20% Fibonacci Extension, indicating a confluence of support that could encourage buying activity.
Friday 16th August 2024: Technical Outlook and Review
Identified as swing low support, indicating a potential area where the price could find a strong base and push higher.
Thursday 15th August 2024: Technical Outlook and Review
Identified as swing low support, suggesting a significant area where previous declines have found support.
Wednesday 14th August 2024: Technical Outlook and Review
DXY (US Dollar Index): Potential Direction: BearishOverall momentum of the chart: […]
Tuesday 13th August 2024: Technical Outlook and Review
Identified as an overlap support, indicating a level where the price may find buying interest and reverse upwards.
Monday 12th August 2024: Technical Outlook and Review
Identified as an overlap support level, indicating a potential area where buyers could enter the market.
Thursday 8th August 2024: Technical Outlook and Review
Identified as a pullback resistance level, specifically at the 50% Fibonacci Retracement, indicating a potential area where sellers could enter the market after a retracement.
