Wednesday 26th January 2022 : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, signifying an overall bearish momentum. We can expect price to drop from our 1st resistance at 34563 in line horizontal graphical overlap and 38.2% Fibonacci retracement towards 1st support in line with horizontal overlap support ,161.8% Fibonacci extension level at 33307.
Tuesday 25th January 2022 : Technical Outlook and Review
On the H4, price broke out of the ascending trendline support,signifying an overall bearish momentum. We can expect price to drop from our 1st resistance in line horizontal graphical overlap and 38.2% Fibonacci retracement towards 1st support in line with horizontal overlap support ,127.2% Fibonacci extension level and 127.2% Fibonacci projection.
Monday 24th January 2022 : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will from from our 1st resistance at 34806 which is in line with horizontal overlap resistance and 23.6% Fibonacci retracement to 1st support at 34036, which is in line with horizontal overlap support and 127.2% Fibonacci extension level.
Friday 21st January 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 35672 which is in line with horizontal swing high resistance and 38.2% Fibonacci retracement level from 1st support at 34671, which is in line with horizontal overlap support and 127.2% Fibonacci extension.
Thursday 20th January 2022 : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will from from our 1st resistance at 35252 which is in line with horizontal overlap resistance and 78.6% Fibonacci retracement to 1st support at 34750, which is in line with horizontal swing low support and 127.2% Fibonacci extension level.
Wednesday 19th January 2022 : Technical Outlook and Review
On the H4, with price approaching the support of the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 35672 which is in line with horizontal overlap resistance and 38.2% Fibonacci retracement level from 1st support at 35252, which is in line with horizontal swing low support and 78.6% Fibonacci retracement level.
Tuesday 18th January 2022 : Technical Outlook and Review
On the H4 timeframe, price is consolidating in a descending channel and is on bearish momentum. We expect a dip from our 1st resistance at 95.254 towards our 1st support at 94.620 in line with 100% Fibonacci retracement and 61.8% Fibonacci retracement. RSI is at a level where dips previously occurred and prices are trading below ichimoku clouds, further supporting our bearish bias.
Monday 17th January 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 36433 which is in line with horizontal swing high resistance and 78.6% Fibonacci retracement level from 1st support at 35545, which is in line with horizontal swing low support and 61.8% Fibonacci retracement level.
Friday 14th January 2022 : Technical Outlook and Review
On the Daily, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 36620 which is in line with horizontal swing high resistance, 78.6% Fibonacci projection and 127.2% Fibonacci extension from 1st support at 35967, which is in line with horizontal overlap support and 38.2% Fibonacci retracement level.
