Monday 01st November: Technical Outlook and Review
On the H4 timeframe, prices have broken out of our channel and are on a bullish momentum. We see potentially a slight pullback towards our intermediate support at 94.054 in line with our 23.6% Fibonacci retracement and higher towards our 1st resistance at 94.220 in line with 38.2% Fibonacci retracement.
Friday 29th October: Technical Outlook and Review
DXY: On the weekly, prices are consolidating in a parallel channel. […]
Thursday 28th October: Technical Outlook and Review
DXY: On the H4 timeframe, prices are on a bullish momentum. […]
Wednesday 27th October: Technical Outlook and Review
DXY: On the H4 timeframe, prices are on a bullish momentum. […]
Tuesday 26th October : Technical Outlook and Review
On the H4, price has just bounced off the 1st support at 35472 in line with the 23.6% Fibonacci retracement level which is also a graphical horizontal overlap support. With the RSI showing a bearish divergence, we are likely to see some bearish momentum from 1st resistance at 35968 in line with our graphical swing high resistance and two 127.2%
Monday 25th October : Technical Outlook and Review
On the H4, price has just bounced off the 1st resistance at 35736 which is a graphical horizontal swing high resistance. Despite our bullish bias, we have may see a slide pullback of price to 1st support at 35334 in line with the 23.6% Fibonacci retracement level which is a horizontal overlap support before continuing with its bullish momentum
Friday 22nd October : Technical Outlook and Review
DXY: On the weekly, prices have been consolidating in a channel. […]
Thursday 21st October : Technical Outlook and Review
DXY: On the H4 timeframe, prices are on a bearish momentum. […]
Wednesday 20th October : Technical Outlook and Review
DXY: On the H4 timeframe, prices have broken out of our […]
