Wednesday 17th November: Technical Outlook and Review
On the H4 timeframe,we can see price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 83.10 in line with the 50% Fibonacci retracement level and horizontal swing high resistance to 1st support at 80.68 in line with our horizontal swing low support.
Tuesday 16th November: Technical Outlook and Review
On the H4, with price testing the support on the ascending trendline and the horizontal overlap support at 1st support in line with the 61.8% Fibonacci retracement at 36039, we are biased that price will rise from here to 1st resistance at 36346 in line with 61.8% and horizontal swing high resistance and possibly to 2nd resistance at 36568 in line with the horizontal swing high resistance. Alternatively, we may see price break 1st support and head for 2nd support at 35854 in line with graphical swing low and 61.8% Fibonacci projection.
Monday 15th November: Technical Outlook and Review
On the H4, with price testing the support on the stochastics indicator and the horizontal swing low support at 1st support in line with the 61.8% Fibonacci retracement at 35910, we are biased that price will rise from here to 1st resistance at 36572 in line with 61.8% and 100% Fibonacci projection. Alternatively, we may see price break 1st support and head for 2nd support at 35538 in line with graphical swing low.
Friday 12th November: Technical Outlook and Review
On the H4, with price testing the support on the ichimoku cloud and the horizontal swing low support at 1st support in line with the 61.8% Fibonacci retracement at 35910, we are biased that price will rise from here to 1st resistance at 36572 in line with 61.8% and 100% Fibonacci projection. Alternatively, we may see price break 1st support and head for 2nd support at 35538 in line with graphical swing low.
Thursday 11th November: Technical Outlook and Review
On the H4, with price moving above our ichimoku cloud and moving in an uptrend, we are biased that price will rise from out 1st support at 36050 in line with the 50% Fibonacci retracement level to 1st resistance at 36572 in line with 61.8% and 100% Fibonacci projection. Alternatively, we may see price break 1st support and head for 2nd support at 35910 in line with 61.8% Fibonacci retracement and graphical swing low.
Wednesday 10th November: Technical Outlook and Review
DXY: On the H4 timeframe, prices are on a bullish momentum. […]
Friday 9th November: Technical Outlook and Review
On the H4, with price moving above our ichimoku cloud and moving in an uptrend, we are biased that price will rise from out 1st support at 36233 in line with the 161.8% Fibonacci extension level to 1st resistance at 36569 in line with 61.8% and 78.6% Fibonacci projection and 127.2% Fibonacci extension and possibly even rise to 2nd resistance at 36721 in line with the 100% Fibonacci extension.
Monday 8th November: Technical Outlook and Review
On the H4, with price moving above our ichimoku cloud, in an upwards trend and bouncing off our support on the RSi indicator, we are biased that price will rise from out 1st support at 36151 in line with the 161.8% Fibonacci extension level to 1st resistance at 36438 in line with two 78.6% Fibonacci retracement level and possibly even rise to 2nd resistance at 36569 in line with the 61.8% Fibonacci extension and 127.2% Fibonacci extension level.
Friday 5th November: Technical Outlook and Review
On the H4, with price approaching the resistance of the stochastics indicator indicating a reversal, we are biased that price will dip from 1st resistance at 36148 in line with two 161.8% Fibonacci extension level and 61.8% Fibonacci projection level to 1st support at 35975 in line with the 61.8% Fibonacci retracement level. Alternatively, we may see price break 1st resistance and head for 2nd resistance at 36276 in line with 127.2% Fibonacci extensions and 100% Fibonacci projection.
