Monday 6th December 2021 : Technical Outlook and Review
On the H4, with price approaching the resistance on the stochastics indicator and the horizontal graphical level and moving below the ichimoku cloud, we are bias that price will drop to 1st support at 34157 in line with the horizontal swing low support and 78.6% Fibonacci retracement from 1st resistance at 34900 in line with the 78.6% Fibonacci extension. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 35293 in line with the 127.2% Fibonacci extension.
Friday 3rd December 2021 : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud and approaching a horizontal resistance, we are bias that price will have bearish move and drop to 1st support at 34228 in line with the horizontal swing low support from 1st resistance at 34838 in line with the 78.6% Fibonacci extension. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 35274 in line with the 127.2% Fibonacci extension.
Thursday 2nd December 2021 : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud and approaching the support of the stochastics indicator, we are bias that price still have some room for a bearish move and will drop to 1st support at 33925 in line with the -61.8% Fibonacci expansion and possibly to 2nd support at 33631 in line with the swing low support from 1st resistance at 34376 in line with the -27% Fibonacci expansion and 161.8% Fibonacci extension.
Wednesday 1st December : Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud and approaching the support of the stochastics indicator, we are bias that price still have some room for a bearish move and will drop to 1st support at 34376 in line with the -27% Fibonacci expansion and 161.8% Fibonacci extension.
Tuesday 30th November: Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we are bias that price will drop from 1st resistance at 35335 in line with the 50% Fibonacci retracement and horizontal overlap resistance to 1st support at 34740 in line with the horizontal swing low support and 78.6% Fibonacci retracement.
Monday 29th November: Technical Outlook and Review
On the H4, with price approaching the support of the stochastics indicator, we are bias that price will bounce up to 1st resistance at 35335 in line with the 50% Fibonacci retracement and horizontal overlap resistance from 1st support at 34689 in line with the horizontal swing low support and 78.6% Fibonacci retracement.
Friday 26th November: Technical Outlook and Review
On the Daily chart, with price moving above the ichimoku cloud, we are expecting to see price rise from 1st support at 35492 in line with the 78.6% Fibonacci retracement and horizontal overlap support to 1st resistance at 36452 in line with our horizontal swing high resistance. Alternatively, price may break 1st support and head for 2nd support at 34928 in line with the 127.2% Fibonacci extension.
Thursday 25th November: Technical Outlook and Review
On the H4 timeframe, with price approaching the resistance on the stochastics indicator and the horizontal graphical level, we have a bias that price will drop to 1st support at 79.6 in line with the 61.8% Fibonacci retracement and horizontal overlap support and possible to 2nd support at 76.96 in line with the 161.8% Fibonacci extension and horizontal swing low support from 1st resistance at 82.91 in line with the horizontal swing high resistance.
Wednesday 24th November: Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, w are bias that price will drop from 1st resistance at 35888 in line with the 50% Fibonacci retracement and horizontal overlap resistance to 1st support at 35513 in line with the horizontal swing low support and 127.2% Fibonacci projection and possibly to 2nd support at 35319 in line with the 161.8% Fibonacci projection and horizontal overlap support.
