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 […]
Tuesday 19th October : Technical Outlook and Review
DXY: On the H4 timeframe, prices appear to be consolidating sideways. […]
Monday 18th October : Technical Outlook and Review
On the H4, with the stochastic indicator and the ascending channel showing that price is at a resistance, it strengthens our bias that there may be a short term bearish move where price will head down from current price.
Friday 15th October : Technical Outlook and Review
DXY: On the weekly, prices have been consolidating in a parallel […]
Thursday 14th October : Technical Outlook and Review
On the H4, with a bullish bias, we may expect to see price head to 1st resistance at 34685 in line with the 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Otherwise if price breaks structure at 1st support at 34308 in line with the 61.8% Fibonacci retracement and 100% Fibonacci projection, we may see further bearish movements to 2nd support at 33918 in line with the 161.8% Fibonacci projection.
Tuesday 12th October : Technical Outlook and Review
Otherwise if price breaks structure at 1st support at 34308 in line with the 61.8% Fibonacci retracement, we may see further bearish movements to 2nd support at 33918 in line with the 161.8% Fibonacci projection. Our bullish bias is supported by the ichimoku where price is moving above it along with the existing ascending trend line.
