Tuesday 23rd 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 35949 in line with the 78.6% Fibonacci retracement and horizontal overlap resistance to 1st support at 35627 in line with the horizontal swing low support and possibly to 2nd support at 35458 in line with the 127.2% Fibonacci extension and horizontal swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 36165 in line with the 161.8% Fibonacci projection.
Monday 22nd November: Technical Outlook and Review
On the H4, with price testing the support on the RSI indicator, rejecting the graphical horizontal overlap support at 1st support at 35529 in line with the -61.8%Fibonacci expansion, we are biased that price will rise from 1st support to 1st resistance at 35814 in line with the 50% Fibonacci retracement and horizontal overlap resistance and possibly to 2nd resistance at 36037 in line with the 127.2% Fibonacci extension and graphical swing high resistance.
Friday 19th November: Technical Outlook and Review
On the Daily, with price moving above the ichimoku cloud, we are expecting to see price do a bounce from 1st support at 35492 in line with the 78.6% Fibonacci retracement to 1st resistance at 36452 in line with the horizontal swing high resistance. Alternatively, price may break 1st support and head to 2nd support at 34928 in line with the horizontal overlap support.
Thursday 18th November: Technical Outlook and Review
On the H4, with price testing the support on the ascending trendline, the support of the ichimoku cloud and the horizontal overlap support at 1st support in line with the 38.2% Fibonacci retracement at 36160, we are biased that price will rise from here to 1st resistance at 36568 in line with the horizontal swing high resistance.
Wednesday 17th November: Technical Outlook and Review
On the H4 timeframe,we can see price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 83.10 in line with the 50% Fibonacci retracement level and horizontal swing high resistance to 1st support at 80.68 in line with our horizontal swing low support.
Tuesday 16th November: Technical Outlook and Review
On the H4, with price testing the support on the ascending trendline and the horizontal overlap support at 1st support in line with the 61.8% Fibonacci retracement at 36039, we are biased that price will rise from here to 1st resistance at 36346 in line with 61.8% and horizontal swing high resistance and possibly to 2nd resistance at 36568 in line with the horizontal swing high resistance. Alternatively, we may see price break 1st support and head for 2nd support at 35854 in line with graphical swing low and 61.8% Fibonacci projection.
Monday 15th November: Technical Outlook and Review
On the H4, with price testing the support on the stochastics indicator and the horizontal swing low support at 1st support in line with the 61.8% Fibonacci retracement at 35910, we are biased that price will rise from here to 1st resistance at 36572 in line with 61.8% and 100% Fibonacci projection. Alternatively, we may see price break 1st support and head for 2nd support at 35538 in line with graphical swing low.
Friday 12th November: Technical Outlook and Review
On the H4, with price testing the support on the ichimoku cloud and the horizontal swing low support at 1st support in line with the 61.8% Fibonacci retracement at 35910, we are biased that price will rise from here to 1st resistance at 36572 in line with 61.8% and 100% Fibonacci projection. Alternatively, we may see price break 1st support and head for 2nd support at 35538 in line with graphical swing low.
Thursday 11th November: Technical Outlook and Review
On the H4, with price moving above our ichimoku cloud and moving in an uptrend, we are biased that price will rise from out 1st support at 36050 in line with the 50% Fibonacci retracement level to 1st resistance at 36572 in line with 61.8% and 100% Fibonacci projection. Alternatively, we may see price break 1st support and head for 2nd support at 35910 in line with 61.8% Fibonacci retracement and graphical swing low.
