Thursday 28th October: Technical Outlook and Review

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DXY: On the H4 timeframe, prices are on a bullish momentum. Prices are currently testing our 1st support could potentially climb from our 1st support at 93.781 in line with 50% Fibonacci retracement  towards our 1st resistance at 94.147 in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Technical indicators are showing bullish momentum. … Continue reading Thursday 28th October: Technical Outlook and Review

Wednesday 27th October: Technical Outlook and Review

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DXY: On the H4 timeframe, prices are on a bullish momentum. Prices could potentially climb from our 1st support at 93.781 towards our 1st resistance at 94.147 in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Technical indicators are showing bullish momentum. Alternatively, breaking our 1st support can find prices dipping towards our 2nd … Continue reading Wednesday 27th October: Technical Outlook and Review

Tuesday 26th October  : Technical Outlook and Review

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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  : Oil at 7 year high, Asian markets higher

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Global Markets: Asian Stock Markets : Nikkei down 0.65%, Shanghai Composite up 0.54%, Hang Seng down 0.02%, ASX up 0.34% Commodities : Gold at $1799.00 (+0.15%), Silver at $24.52 (+0.29%), Brent Oil at $85.32 (+0.80%), WTI Oil at $84.56 (+0.96%) Rates : US 10-year yield at 1.643, UK 10-year yield at 1.167, Germany 10-year yield … Continue reading Monday 25th October  : Oil at 7 year high, Asian markets higher

Monday 25th October  : Technical Outlook and Review

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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