Monday 06th September 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.
US Labour Day Trading Schedule 2021
Dear Trader, Please find our updated trading schedule for the US Labour Day Holiday on Monday, 06th September 2021. All times mentioned below are Platform time (GMT +3)
Friday 03rd September 2021: Technical Outlook and Review
On the H4, price traded sideways overnight but still holding below 1st resistance at 35631. We see a low probability bearish scenario where sellers may further add to their shorts to push price lower towards our 1st support at 34690. Otherwise a break above our 1st resistance will see price swing higher towards next resistance at 36146. Stochastic is testing resistance where price pulled back lower in the past as well.
Thursday 02 September 2021: Technical Outlook and Review
On the H4, price edged lower below 1st resistance at 35631. We still see a medium probability bearish scenario where sellers may further add to their shorts to push price lower towards our 1st support at 34690. Otherwise a break above our 1st resistance will see price swing higher towards next resistance at 36146. Stochastic is testing resistance where price pulled back lower in the past as well.
Wednesday 01st September 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. On the Daily chart, price is still testing and capped below resistance at 36021. With stochastic still holding below resistance where price dropped in the past, we see price facing possible bearish pressure.
Tuesday 31st 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.
Monday 30th August 2021: Technical Outlook and Review
On the H4, price drifted sideways still holding below 1st resistance at 35631. We see a medium probability bearish scenario where sellers may further add to their shorts to push price lower towards our 1st support at 34690. Otherwise a break above our 1st resistance will see price swing higher towards next resistance at 36146
UK Summer Bank Holiday Schedule – 2021
Dear Trader, Please find our updated trading schedule for the UK Summer Bank Holiday on 30th August, 2021. All times mentioned below are Platform time (GMT +3)
Wednesday 25th August 2021: Technical Outlook and Review
On the H4, price drifted sideways overnight and is still approaching 1st resistance at 35631. We see a low probability bearish scenario where sellers may try to add to their shorts to push price lower towards our 1st support at 34690. Otherwise a break above our 1st resistance will see price swing higher towards next resistance at 36146
