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.
Scheduled Chat Maintenance – November 14, 2021
Zendesk will perform critical maintenance which will impact performance for Chat […]
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.
US Daylight Savings : Updated Trading Schedule 2021
Dear Trader, US will end Daylight Savings Time on Sunday, 07th November, 2021 , as a result IC Markets server (MT4/MT5/cTrader) time will be affected .
Wednesday 3rd 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 36068 in line with the 127.2% Fibonacci extension level to 1st support at 35808 in line with the 38.2% Fibonacci retracement level. Alternatively, we may see price break 1st resistance and head for 2nd resistance at 36148 in line with two 161.8% Fibonacci extensions.
Tuesday 2nd November: Technical Outlook and Review
On the H4, with price trading above the ichimoku cloud, we are biased that the market on this timeframe is bullish. We are expecting to see price head to 1st resistance at 36004 in line with the 127.2% Fibonacci extension level from 1st support at 35808 in line with the 38.2% Fibonacci retracement level.
