13th May 2022 Friday: Technical Outlook and Review

IC Markets No Comments

On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 32553 where the swing high resistance is from our 1st support at 31753 in line with the horizontal swing low support.

12th May 2022 Thursday: Technical Outlook and Review

IC Markets No Comments

On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 32553 where the swing high resistance is from our 1st support at 31753 in line with the horizontal swing low support.

11th May 2022 Wednesday: Technical Outlook and Review

IC Markets No Comments

On the H4, with price expected to reverse off the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 32553 where the horizontal pullback resistance and 23.6% Fibonacci retracement is to our 1st support at 31900 in line with the 127.2% Fibonacci extension. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal pullback resistance.

Hyperactivity Guidelines Update

IC Markets No Comments

Dear Traders,

As part of our commitment to providing the best reliability and service to our customers, we are updating our “Hyperactivity” measures for MT4 servers in order to reduce server load.

10th May 2022 Tuesday: Technical Outlook and Review

IC Markets No Comments

On the H4, with price expected to reverse off the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 32447 where the horizontal pullback resistance and 23.6% Fibonacci retracement is to our 1st support at 31900 in line with the 127.2% Fibonacci extension.