Wednesday 5th January 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 37124 which is in line with horizontal swing high resistance and 161.8% Fibonacci extension from 1st support at 36555, which is in line with horizontal overlap support and 23.6% Fibonacci retracement level.
Tuesday 4th January 2022 : Technical Outlook and Review
On the H4, with price rejecting the resistance on the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 36555 area which is in line with horizontal swing high resistance and 127.2% Fibonacci extension level to 1st support at 35971, which is in line with horizontal overlap support, 38.2% Fibonacci retracement level.
Monday 3rd January 2022 : Technical Outlook and Review
On the H4, with price rejecting the resistance on the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 36555 which is in line with horizontal swing high resistance and 127.2% Fibonacci extension level to 1st support at 35971, which is in line with horizontal overlap support, 38.2% Fibonacci retracement level.
Friday 31st December 2021 : Technical Outlook and Review
On the H4, with price on a downwards trend on the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 36512 which is in line with horizontal swing high resistance and 127.2% Fibonacci extension level to 1st support at 35594, which is in line with horizontal overlap support, 50.0% Fibonacci retracement level.
Thursday 30th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop to 1st support at 35594 in line with the graphical overlap support and 50% Fibonacci retracement from 1st resistance at 36536 in line with graphical swing high resistance, 78.6% Fibonacci projection and 127.2% Fibonacci extension.
Wednesday 29th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop to 1st support at 35594 in line with the graphical overlap support and 50% Fibonacci retracement from 1st resistance at 36536 in line with graphical swing high resistance, 78.6% Fibonacci projection and 127.2% Fibonacci extension.
Monday 27th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop to 1st support at 35594 in line with the graphical overlap support and 61.8% Fibonacci retracement from 1st resistance at 36153 in line with the 61.8% Fibonacci retracement and graphical swing high resistance.
Friday 24th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop to 1st support at 35594 in line with the graphical overlap support and 61.8% Fibonacci retracement from 1st resistance at 36153 in line with the 61.8% Fibonacci retracement and graphical swing high resistance.
Thursday 23rd December 2021 : Technical Outlook and Review
On the H4 timeframe, with price breaking the resistance structure of the stochastics indicator, we have a bullish bias that price will rise from 1st support at 35594 in line with the graphical overlap resistance and 61.8% Fibonacci retracement to 1st resistance at 36153 in line with the 61.8% Fibonacci projection and graphical swing high resistance.
