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Technical Analysis

Technical Analysis
Tuesday 16th April 2024: Technical Outlook and Review

An Overlap support, indicating a significant level where buyers might step in to support the price, potentially leading to a reversal or temporary halt in the bullish momentum.

By IC Markets Global

Technical Analysis
Monday 15th April 2024: Technical Outlook and Review

An Overlap resistance with a 78.60% Fibonacci Projection, indicating a significant level where selling pressure might increase, potentially leading to a reversal in the bullish momentum.

By IC Markets Global

Technical Analysis
Friday 12th April 2024: Technical Outlook and Review

Acts as an Overlap resistance, indicating a key level where buying interest might intensify, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.

By IC Markets Global

Technical Analysis
Thursday 11th April 2024: Technical Outlook and Review

Acts as Pullback resistance with a 127.20% Fibonacci Extension, indicating a key level where selling pressure might intensify, suggesting a potential turning point for the price to reverse and move downwards despite the prevailing bullish trend.

By IC Markets Global

Technical Analysis
Tuesday 9th April 2024: Technical Outlook and Review

Acts as a pullback support that aligns with a 61.8% Fibonacci projection level, indicating a key level where buying interest might intensify, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.

By IC Markets Global

Technical Analysis
Monday 8th April 2024: Technical Outlook and Review

Factors contributing to the momentum include the price being above the bullish Ichimoku cloud, indicating a strong bullish sentiment.

By IC Markets Global

Technical Analysis
Friday 5th April 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bullish Overall momentum of the […]

By IC Markets Global

Technical Analysis
Thursday 4th April 2024: Technical Outlook and Review

Acts as an Overlap support with a 50% Fibonacci Retracement, indicating a key level where buying interest might intensify, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.

By IC Markets Global

Technical Analysis
Wednesday 3rd April 2024: Technical Outlook and Review

Acts as an Overlap support with a 50% Fibonacci Retracement, indicating a key level where buying interest might intensify, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.

By IC Markets Global