{"id":51855,"date":"2022-01-25T15:11:39","date_gmt":"2022-01-25T04:11:39","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=51855"},"modified":"2022-01-25T15:11:39","modified_gmt":"2022-01-25T04:11:39","slug":"tuesday-25th-january-2022-technical-outlook-and-review","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-25th-january-2022-technical-outlook-and-review\/","title":{"rendered":"Tuesday 25th January 2022 : Technical Outlook and Review"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">DXY:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 timeframe, prices are on bullish momentum and abiding to our ascending trendline. We would expect potentially a bounce from our 1st support at 95.921 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension towards our 1st resistance at 96.070 in line with 161.8% Fibonacci projection. RSI is showing bullish momentum and prices are trading above our Ichimoku clouds, further supporting our bullish bias.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at 96.070<\/span><\/p>\n<p><span style=\"font-weight: 400;\">H4 time frame, 1st support at 95.849<\/span><\/p>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DXY_2022-01-25_09.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-51858\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DXY_2022-01-25_09-1024x490.png\" alt=\"\" width=\"660\" height=\"316\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DXY_2022-01-25_09-1024x490.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DXY_2022-01-25_09-300x144.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DXY_2022-01-25_09-768x368.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DXY_2022-01-25_09.png 1834w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">XAU\/USD (GOLD):<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 chart, prices are on bullish momentum and consolidating in a triangle pattern. We see a potential for a dip from our 1st resistance at 1846.542 in line with 78.6% Fibonacci extensions and 61.8% Fibonacci retracement towards our 1st support at 1832.595 in line with 61.8% Fibonacci retracement. Stochastics are close to a level where dips previously occurred.\u00a0<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">4h 1st support at 1832.595<\/span><\/p>\n<p><span style=\"font-weight: 400;\">4h 1st resistance at 1846.542<\/span><\/p>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD_2022-01-25.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-51866\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD_2022-01-25-1024x458.png\" alt=\"\" width=\"660\" height=\"295\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD_2022-01-25-1024x458.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD_2022-01-25-300x134.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD_2022-01-25-768x344.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD_2022-01-25.png 1834w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">GBP\/USD<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 chart price is near 1st support level of 1.34567 which is also 50% Fibonacci retracement. Price can potentially dip to the 2nd support level of 1.33585 which is also 127.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is supported by the ichimoku cloud indicator as price is trading below it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Areas of consideration\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support 1.34567<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 2nd support 1.33585<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD_2022-01-25_09-47-44.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-51860\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD_2022-01-25_09-47-44-1024x510.png\" alt=\"\" width=\"660\" height=\"329\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD_2022-01-25_09-47-44-1024x510.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD_2022-01-25_09-47-44-300x149.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD_2022-01-25_09-47-44-768x382.png 768w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">USD\/CHF:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In reference to last week\u2019s analysis, price indeed dropped from 1st Resistance and approaching 1st Support @ 0.90961. On the H4 timeframe, price is abiding to a descending channel, signifying a bearish momentum. However, we can expect price to make a short-term bullish bounce from 1st Support in line with previous swing low towards 1st Resistance in line with 100% Fibonacci projection and 50% Fibonacci retracement. Our short-term bullish bias is further supported by stochastic indicator where the %K line is approaching the support level. Traders can wait for prices to swing higher or lower before entering.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Areas of consideration:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Watch 1st Support at 0.90961<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Watch 1st Resistance at 0.91809<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCHF_2022-01-25_09-36-14.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-51864\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCHF_2022-01-25_09-36-14-1024x508.png\" alt=\"\" width=\"660\" height=\"327\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCHF_2022-01-25_09-36-14-1024x508.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCHF_2022-01-25_09-36-14-300x149.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCHF_2022-01-25_09-36-14-768x381.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCHF_2022-01-25_09-36-14.png 1834w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">EUR\/USD :<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 chart , price is abiding by the ascending trendline and is in the middle of the 1st resistance of 1.13859 which is also 38.2% Fibonacci retracement, 61.8% Fibonacci projection and 1st support level of 1.12915 which is also 161.8% Fibonacci projection. Price can potentially go to the 1st resistance level. Our bullish bias is supported by the stochastic indicator as it is near support level.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Areas of consideration<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">1st resistance at 1.13859<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">1st support at 1.12915<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD_2022-01-25_09-40-31.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-51859\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD_2022-01-25_09-40-31-1024x510.png\" alt=\"\" width=\"660\" height=\"329\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD_2022-01-25_09-40-31-1024x510.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD_2022-01-25_09-40-31-300x149.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD_2022-01-25_09-40-31-768x382.png 768w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">USD\/JPY:\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 timeframe, is abiding to the ascending channel on the daily, signifying an overall bullish momentum. We can now expect the price to bounce from 1st Support in line with 38.2% Fibonacci retracement towards 1st Resistance in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement. Our bullish bias is further supported by the stochastic indicator where the %K line is at the support level.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Areas of consideration:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st resistance level 115.508<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support level 113.982<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-25_09-28-55_.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-51865\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-25_09-28-55_-1024x508.jpg\" alt=\"\" width=\"660\" height=\"327\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-25_09-28-55_-1024x508.jpg 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-25_09-28-55_-300x149.jpg 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-25_09-28-55_-768x381.jpg 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-25_09-28-55_.jpg 1834w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">AUD\/USD:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, <\/span><span style=\"font-weight: 400;\">price broke out of the ascending channel, signifying an overall bearish momentum. We can expect price to drop from 1st Resistance in line with 78.6% Fibonacci projection and 38.2% Fibonacci retracement towards 1st Support in line with graphical support level and 127.2% Fibonacci projection. Our bearish bias is further supported by the Ichimoku cloud indicator where the price is holding below it.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Areas of consideration:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st Support level\u00a0 0.70883<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st resistance level 0.71724<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD_2022-01-25_09-32-28.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-51856\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD_2022-01-25_09-32-28-1024x508.png\" alt=\"\" width=\"660\" height=\"327\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD_2022-01-25_09-32-28-1024x508.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD_2022-01-25_09-32-28-300x149.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD_2022-01-25_09-32-28-768x381.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD_2022-01-25_09-32-28.png 1834w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">NZD\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, prices are at a pivot at 0.67455 in line with 38.2% Fibonacci retracement. We see the potential for a bounce from our 1st support at 0.66638 in line with 100% Fibonacci extension towards our 1st resistance at 0.67455 in line with 38.2% Fibonacci retracement. RSI is at a level where bounces occurred previously. Alternatively, our stop loss will be placed at our 2nd support at 0.66429 in line with 200% Fibonacci Projection and 127.2% Fibonacci extension.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at 0.67455<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 0.66638<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/NZDUSD_2022-01-25.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-51861\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/NZDUSD_2022-01-25-1024x490.png\" alt=\"\" width=\"660\" height=\"316\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/NZDUSD_2022-01-25-1024x490.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/NZDUSD_2022-01-25-300x144.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/NZDUSD_2022-01-25-768x368.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/NZDUSD_2022-01-25.png 1834w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">USD\/CAD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4,\u00a0 <\/span><span style=\"font-weight: 400;\">with prices currently resting on the ichimoku cloud support, we foresee potentially a bullish bounce that price will bounce from our 1st support at 1.26207 which is in line with horizontal overlap resistance and 38.2% Fibonacci retracement\u00a0 to 1st resistance at 1.26952 in line with 200% Fibonacci Projection and 50% Fibonacci retracement, which is a horizontal overlap resistance. Alternatively, price may break 1st support structure and head for 2nd support at 1.25635, in line with 50% Fibonacci retracement. RSI is showing bullish momentum.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at<\/span><span style=\"font-weight: 400;\"> 1.26207<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at <\/span><span style=\"font-weight: 400;\">1.26952<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCAD_2022-01-25.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-51863\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCAD_2022-01-25-1024x458.png\" alt=\"\" width=\"660\" height=\"295\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCAD_2022-01-25-1024x458.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCAD_2022-01-25-300x134.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCAD_2022-01-25-768x344.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCAD_2022-01-25.png 1834w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">OIL:<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4,\u00a0 <\/span><span style=\"font-weight: 400;\">prices are at an all time high. We expect potentially a trend reversal, and a dip from our 1st resistance at 86.71 in line with 61.8% Fibonacci extension towards our 1st support at 84.88 in line with 61.8% Fibonacci extension. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 89.58, which is graphically swing high and in line with 127.2% Fibonacci extension. RSI is showing bearish momentum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Areas of consideration:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance of 86.71<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support of <\/span><span style=\"font-weight: 400;\">84.88<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/UKOIL_2022-01-25.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-51862\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/UKOIL_2022-01-25-1024x490.png\" alt=\"\" width=\"660\" height=\"316\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/UKOIL_2022-01-25-1024x490.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/UKOIL_2022-01-25-300x144.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/UKOIL_2022-01-25-768x368.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/UKOIL_2022-01-25.png 1834w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">Dow Jones Industrial Average:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, <\/span><span style=\"font-weight: 400;\">price broke out of the ascending trendline support,signifying an overall bearish momentum. We can expect price to drop from our 1st resistance in line horizontal graphical overlap and 38.2% Fibonacci retracement towards 1st\u00a0 support in line with horizontal overlap support ,127.2% Fibonacci extension level and 127.2% Fibonacci projection. Alternatively, price may break 1st resistance structure and head for 2nd resistance, which coincides with 50% Fibonacci retracement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Areas of consideration:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance of <\/span><span style=\"font-weight: 400;\">34654.34<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support of <\/span><span style=\"font-weight: 400;\">33245.52<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DJI_2022-01-25_09-41-59.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-51857\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DJI_2022-01-25_09-41-59-1024x476.png\" alt=\"\" width=\"660\" height=\"307\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DJI_2022-01-25_09-41-59-1024x476.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DJI_2022-01-25_09-41-59-300x140.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DJI_2022-01-25_09-41-59-768x357.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DJI_2022-01-25_09-41-59.png 1834w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com.au, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user\u2019s software, hardware, data or property.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the H4, price broke out of the ascending trendline support,signifying an overall bearish momentum. We can expect price to drop from our 1st resistance in line horizontal graphical overlap and 38.2% Fibonacci retracement towards 1st\u00a0 support in line with horizontal overlap support ,127.2% Fibonacci extension level and 127.2% Fibonacci projection.<\/p>\n","protected":false},"author":8,"featured_media":51814,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[340,215,339,195],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/51855"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=51855"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/51855\/revisions"}],"predecessor-version":[{"id":51867,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/51855\/revisions\/51867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/51814"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=51855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=51855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=51855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}