Friday 17th May 2024: Technical Outlook and Review
Identified as a pullback support, with confluence from the 50% and 38.20% Fibonacci Retracement levels, indicating a significant area where selling pressure may intensify, potentially leading to a bearish reaction.
Thursday 16th May 2024: Technical Outlook and Review
DXY (US Dollar Index): Potential Direction: BullishOverall momentum of the chart: […]
Wednesday 15th May 2024: Technical Outlook and Review
An overlap resistance is identified at this level, suggesting a significant area of potential selling pressure.
Tuesday 14th May 2024: Technical Outlook and Review
Price could potentially make a bearish reaction off pivot and drop to 1st support.
Monday 13th May 2024: Technical Outlook and Review
Multi-swing high resistance, suggesting a significant level where selling pressure might intensify, also coinciding with the 161.80% Fibonacci Extension.
Friday 10th May 2024: Technical Outlook and Review
Price is trading around the pivot and could potentially make a bullish reaction off this level to rise towards the 1st resistance.
Thursday 9th May 2024: Technical Outlook and Review
Price is trading around the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support
Wednesday 8th May 2024: Technical Outlook and Review
Price is rising towards the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support.
Tuesday 7th May 2024: Technical Outlook and Review
Price is rising towards the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support
