Thursday 19th August 2021: Technical Outlook and Review
On the Daily chart, price is still testing and holding below resistance at 36021. With stochastic still holding below resistance where price dropped in the past, we see price facing possible bearish pressure.
Wednesday 18th August 2021: Technical Outlook and Review
On the weekly chart, price is trading sideways holding between 33270 support and 38119.37 resistance. With price holding above long term moving average, we see a possibility of price facing further bullish pressure.
Tuesday 17th August 2021: Technical Outlook and Review
On the Daily timeframe, price bullish towards the daily resistance at 93.217 in line with 78.6% Fibonacci retracement. On the other hand, price may bearish towards the daily support at 91.782 in line with 78.6% Fibonacci retracement and 50% Fibonacci extension.
Friday 13th August 2021: Technical Outlook and Review
On the weekly chart, price is trading sideways holding between 33270 support and 37770 resistance. With price holding above long term moving average, we see a possibility of price facing further bullish pressure.
Thursday 12th August 2021: Technical Outlook and Review
On the weekly chart, price is trading sideways holding between 33270 support and 37770 resistance. With price holding above long term moving average, we see a possibility of price facing further bullish pressure.
Wednesday 11th August 2021: Technical Outlook and Review
On the weekly chart, price is trading sideways holding between 33270 support and 37770 resistance. With price holding above long term moving average, we see a possibility of price facing further bullish pressure.
Tuesday 10th August 2021: Technical Outlook and Review
On the weekly chart, price is trading sideways holding between 32765 support and 37525 resistance. With price holding above long term moving average, we see a possibility of price facing further bullish pressure.
Thursday 05th August 2021: Technical Outlook and Review
On the weekly chart, price is trading sideways holding between 32765 support and 37525 resistance. With price holding above long term moving average, we see a possibility of price facing further bullish pressure.
Wednesday 04th August 2021: Technical Outlook and Review
On the weekly timeframe, price bounced and continues to hold above key trendline pullback support at 1764. On the daily, price is now trading sideways, holding between 1855 resistance and 1753.42 horizontal overlap resistance.
