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Technical Analysis
10th June 2022 Friday: Technical Outlook and Review

On the H4, with price breaking the ascending trend line on the RSI, we have a bearish bias that price will drop to our 1st support at 31876 in line with the horizontal pullback support and the 76.8% Fibonacci retracement and 61.8% Fibonacci projection from our 1st resistance at 32625 where the pullback resistance is.

By IC Markets Global

Technical Analysis
09th June 2022 Thursday: Technical Outlook and Review

On the H4, with RSI moving in an ascending trendline, we have a bullish bias that price will rise from our 1st support at 32685 where the horizontal swing low support and 38.2% fibonacci retracement are to our 1st resistance at 34042 in line with the swing high resistance and 161.8% Fibonacci extension.

By IC Markets Global

Technical Analysis
08th June 2022 Wednesday: Technical Outlook and Review

On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 32607 where the horizontal pullback support is to our 1st resistance at 34042 in line with the swing high resistance and 161.8% Fibonacci extension.

By IC Markets Global

Technical Analysis
07th June 2022 Tuesday: Technical Outlook and Review

On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 32607 where the horizontal pullback support is to our 1st resistance at 33436 in line with the swing high resistance and 127.2% Fibonacci extension.

By IC Markets Global

Technical Analysis
06th June 2022 Monday: Technical Outlook and Review

On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 32607 where the horizontal pullback support is to our 1st resistance at 33436 in line with the swing high resistance and 127.2% Fibonacci extension.

By IC Markets Global

Technical Analysis
03rd June 2022 Friday: Technical Outlook and Review

On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 32607 where the horizontal pullback support is to our 1st resistance at 33436 in line with the swing high resistance and 127.2% Fibonacci extension.

By IC Markets Global

Technical Analysis
02nd June 2022 Thursday: Technical Outlook and Review

On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 32814 where the 23.6% Fibonacci retracement is to our 1st resistance at 33463 in line with the swing high resistance.

By IC Markets Global

Technical Analysis
01st June 2022 Wednesday : Technical Outlook and Review

On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop to our 1st support at 32683 where the 23.6% Fibonacci retracement is from our 1st resistance at 33463 in line with the swing high resistance.

By IC Markets Global

Technical Analysis
31st May 2022 Tuesday: Technical Outlook and Review

On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop to our 1st support at 32646 where the 38.2% Fibonacci retracement is from our 1st resistance at 33133 in line with the swing high resistance.

By IC Markets Global