Monday 12th July 2021: Technical Outlook and Review
On the weekly timeframe, price tested and bounced above key trendline pullback support at 1764. On the daily, price continues to push higher, above 1764 weekly support. Further bullish pressure above 1764 weekly support could be possible with an upside target at 1855 resistance.
Friday 09th July 2021: Technical Outlook and Review
On the weekly timeframe, price tested and bounced above key trendline pullback support at 1764. On the daily, price continues to push higher, above 1764 weekly support.
Thursday 08th July 2021: Technical Outlook and Review
On the weekly timeframe, price tested and bounced above key trendline pullback support at 1764. On the daily, price is also testing key 1764 weekly support. While 1764 support looks fragile, as long as we do not have a daily close below this support, we may see price bounce towards 1855 resistance.
Wednesday 07th July 2021: Technical Outlook and Review
On the weekly timeframe, price tested and bounced above key trendline pullback support at 1764. On the daily, price is also testing key 1764 weekly support. While 1764 support looks fragile, as long as we do not have a daily close below this support, we may see price bounce towards 1855 resistance.
Tuesday 06th July 2021: Technical Outlook and Review
On the weekly timeframe, price tested and bounced above key trendline pullback support at 1764. On the daily, price is also testing key 1764 weekly support. While 1764 support looks fragile, as long as we do not have a daily close below this support, we may see price bounce towards 1855 resistance.
Monday 05th July 2021: Technical Outlook and Review
On the weekly timeframe, price tested and bounced above key trendline pullback support at 1764. On the daily, price is also testing key 1764 weekly support.
Friday 02nd July 2021: Technical Outlook and Review
On the H4, price bounced higher and is holding above the weekly 1764 support zone. We still see a low probability bullish scenario where buyers could add to their longs above 1764 weekly support with a possible upside target at 1808 resistance.
Thursday 01 July 2021: Technical Outlook and Review
On the weekly timeframe, price is testing key trendline pullback support at 1764. On the daily, price is also testing key 1764 weekly support.
Wednesday 30th June 2021: Technical Outlook and Review
On the weekly timeframe, price is testing key trendline pullback support at 1764. On the daily, price is also testing key 1764 weekly support. While 1764 support looks fragile, as long as we do not have a daily close below this support, we may see price bounce towards 1855 resistance.
