30th May 2022 Monday: 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 33221 in line with the swing high resistance.
27th May 2022 Friday: 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 31886 where the 38.2% Fibonacci retracement is from our 1st resistance at 32696 in line with the swing high resistance.
26th May 2022 Thursday: Technical Outlook and Review
On the H4, with price expected to bounce off the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 32696 where the swing high resistance is from our 1st support at 31886 in line with the pullback support, 78.6% fibonacci retracement and 61.8%% fibonacci retracement.
25th May 2022 Wednesday: Technical Outlook and Review
On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop to our 1st support at 30723 where the 127.2% Fibonacci extension and swing low support from our 1st resistance at 31886 in line with the horizontal swing high resistance 78.6% fibonacci projection and 61.8% fibonacci retracement.
24th May 2022 Tuesday: Technical Outlook and Review
On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop to our 1st support at 30723 where the 127.2% Fibonacci extension and swing low support from our 1st resistance at 31894 in line with the horizontal swing high resistance 78.6% fibonacci projection and 61.8% fibonacci retracement.
23rd May 2022 Monday: Technical Outlook and Review
On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 31835 where the 23.6% Fibonacci retracement from our 1st support at 31167 in line with the horizontal overlap support and 50% fibonacci retracement.
20th May 2022 Friday: Technical Outlook and Review
On the H4, with price expected to bounce off the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 31835 where the 23.6% Fibonacci retracement from our 1st support at 31167 in line with the horizontal overlap support and 50% fibonacci retracement.
19th May 2022 Thursday: Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 32553 where the 50% Fibonacci retracement is to our 1st support at 31294 in line with the swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the 78.6% Fibonacci retracement.
18th May 2022 Wednesday: Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 32553 where the 50% Fibonacci retracement is to our 1st support at 31294 in line with the swing low support.
