Wednesday 23rd February 2022 : Technical Outlook and Review
On the H4 timeframe, We see the possibility of bearish continuation from our 1st resistance at 33767 in line with horizontal overlap resistance towards our 1st support at 33298 in line with the horizontal swing low support.
Tuesday 22nd February 2022 : Technical Outlook and Review
On the H4 chart, price is near 1st support level of 33646 in line with 100% Fibonacci projection. Price can potentially bounce from 1st support to 1st resistance level of 34351 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the stochastic indicator as it is at support level.
Monday 21th February 2022 : Technical Outlook and Review
On the H4 chart price is near 1st resistance level of 34367 in line with 61.8% Fibonacci retracement. Price can potentially dip to the 1st support level of 33581 in line with -27.2% Fibonacci retracement and 100% Fibonacci projection. Our bearish bias is supported by the ichimoku cloud indicator as price is trading below it .
Friday 18th February 2022 : Technical Outlook and Review
On the H4, with price expected to bounce off the support of the stochastics, signifying an overall bullish momentum. We can expect price to rise to our 1st resistance at 34987 in line horizontal graphical swing high resistance and 50% Fibonacci retracement from our 1st support in line with horizontal swing low support and 61.8% Fibonacci retracement at 34374.
Thursday 17th February 2022 : Technical Outlook and Review
On the H4, with prices moving below the ichimoku cloud, we see the potential for a drop to our 1st support at 34374 in line with horizontal swing low support from our 1st resistance at 34987 in line with the 50% Fibonacci retracement.
Wednesday 16th February 2022 : Technical Outlook and Review
On the H4, with prices moving below the ichimoku cloud, we see the potential for a drop to our 1st support at 34374 in line with horizontal swing low support from our 1st resistance at 34987 in line with the 50% Fibonacci retracement.
Tuesday 15th February 2022 : Technical Outlook and Review
On the H4, with prices moving below the ichimoku cloud, we see the potential for a drop to our 1st support at 33656 in line with horizontal swing low support from our 1st resistance at 34705 in line with the 23.6% Fibonacci retracement.
Monday 14th February 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, signifying an overall bullish momentum. We can expect price to rise to our 1st resistance at 36183 in line horizontal graphical swing high resistance and 161.8% Fibonacci extension from our 1st support in line with horizontal overlap support and 38.2% Fibonacci retracement at 34705.
Friday 11th February 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, signifying an overall bullish momentum. We can expect price to rise to our 1st resistance at 36251 in line horizontal graphical swing high resistance and 161.8% Fibonacci extension from our 1st support in line with horizontal overlap support at 35680.
