Friday 31st December 2021 : Technical Outlook and Review
On the H4, with price on a downwards trend on the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 36512 which is in line with horizontal swing high resistance and 127.2% Fibonacci extension level to 1st support at 35594, which is in line with horizontal overlap support, 50.0% Fibonacci retracement level.
Thursday 30th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop to 1st support at 35594 in line with the graphical overlap support and 50% Fibonacci retracement from 1st resistance at 36536 in line with graphical swing high resistance, 78.6% Fibonacci projection and 127.2% Fibonacci extension.
Wednesday 29th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop to 1st support at 35594 in line with the graphical overlap support and 50% Fibonacci retracement from 1st resistance at 36536 in line with graphical swing high resistance, 78.6% Fibonacci projection and 127.2% Fibonacci extension.
Monday 27th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop to 1st support at 35594 in line with the graphical overlap support and 61.8% Fibonacci retracement from 1st resistance at 36153 in line with the 61.8% Fibonacci retracement and graphical swing high resistance.
Friday 24th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the resistance of the stochastics indicator, we have a bearish bias that price will drop to 1st support at 35594 in line with the graphical overlap support and 61.8% Fibonacci retracement from 1st resistance at 36153 in line with the 61.8% Fibonacci retracement and graphical swing high resistance.
Thursday 23rd December 2021 : Technical Outlook and Review
On the H4 timeframe, with price breaking the resistance structure of the stochastics indicator, we have a bullish bias that price will rise from 1st support at 35594 in line with the graphical overlap resistance and 61.8% Fibonacci retracement to 1st resistance at 36153 in line with the 61.8% Fibonacci projection and graphical swing high resistance.
Wednesday 22nd December 2021 : Technical Outlook and Review
On the H4 timeframe, with price approaching the resistance within the ichimoku cloud and the stochastics indicator, we have a bearish bias that price will fall from 1st resistance at 35594 in line with the graphical swing overlap resistance and 61.8% Fibonacci retracement to 1st support at 34800 in line with the 61.8% Fibonacci retracement and graphical swing low support.
Tuesday 21th December 2021 : Technical Outlook and Review
On the H4 timeframe, with price moving below the ichimoku cloud, we have a bearish bias that price will rise from 1st resistance at 35271 in line with the graphical swing overlap resistance and 38.2% Fibonacci retracement to 1st support at 34417 in line with the 78.6% Fibonacci retracement and graphical swing low support.
Monday 20th December 2021 : Technical Outlook and Review
On the H4 timeframe,with price approaching the support of the stochastics indicator and the support of the ichimoku indicator, we have a bullish bias that price will rise to 1st resistance at 36153 in line with the graphical swing high resistance from 1st support at 34996 in line with the horizontal swing overlap support and 50% Fibonacci retracement.
