On the H4 timeframe, prices are resting on a strong support. We see the potential for further bullish continuation from our 1st support at 97.846 in line with 50% Fibonacci retracement and 127.2% Fibonacci projection towards our 1st resistance at 98.678 in line with 50% Fibonacci retracement. RSI is at levels where bounces previously occurred.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4 chart, prices have recently experienced a strong reversal. We see potential for further bearish continuation from our 1st resistance at 1999.739\u00a0 in line with 50% Fibonacci retracement towards our 1st support at 1961.993 in line with 100% Fibonacci extension. Divergence is spotted on RSI, further supporting our bearish bias.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4 chart price is trading in a descending channel and has recently broken the 1st resistance level of 1.31763 in line with 78.6% Fibonacci retracement. Price can potentially dip to the 1st support level of 1.28652 in line which is also the graphical overlap support. Our bearish bias is supported by the ichimoku cloud indicator as price is trading under it.\u00a0<\/span><\/p>\n Areas of consideration\u00a0<\/span><\/p>\n On the H4, price is abiding by an ascending trendline and near 1st resistance level of 0.92833 in line with 127.2% Fibonacci projection . Price can potentially dip to the 1st support level of 0.91501 in line with 100% Fibonacci projection and 78.6% Fibonacci retracement. Our bearish bias is supported by a stochastic indicator as it is near the resistance level.\u00a0<\/span><\/p>\n Areas of consideration<\/span><\/p>\n <\/p>\n On the H4 price is near 1st resistance level of 1.11304 in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement. Price can potentially dip to the 1st support level which is the graphical swing low and 61.8% Fibonacci projection. Our bearish bias is supported by the stochastic indicator as it is the graphical swing low and 61.8% Fibonacci projection\u00a0<\/span><\/p>\n Areas of consideration :<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4 timeframe, price is abiding by an ascending trendline. We see the potential for further bullish momentum from our 1st resistance at 0.73157 in line with 38.2% Fibonacci retracement and 127.2% Fibonacci extension towards our 2nd resistance at 0.74409 which is in line with 61.8% Fibonacci projection. Our bullish bias is further supported by prices trading above the Ichimoku cloud. Alternatively, prices from 1st resistance might dip to 1st support at 0.72446 with a 61.8% Fibonacci retracement.<\/span><\/p>\n Areas of consideration<\/b> :<\/span> On the H4 chart, prices are abiding by the ascending channel. We see the potential for further bullish momentum from our 1st support at 0.68250 in line with 50% Fibonacci retracement towards our 1st resistance at 0.68826 with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Our bullish bias is further supported by prices trading above our ichimoku cloud support. Alternatively, prices may dip towards our 2nd support at 0.67513 in line with 61.8% Fibonacci retracement.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n H4 time frame, 1st resistance at 0.68826<\/span><\/p>\n H4 time frame, 1st support at 0.68250<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4 timeframe, <\/span>price is near 1st support level of 105.18 in line with horizontal overlap support and 78.6% Fibonacci retracement. Price can potentially rise to the 1st resistance level of 130.69 in line with the swing high resistance and 78.6% Fibonacci retracement. Alternatively, price may break 1st support and head for 2nd support at 96.34 where the swing low support. Our bullish bias is supported by how price is moving above the ichimoku cloud.<\/span><\/p>\n Areas of consideration:<\/span><\/p>\n\n
![\"\"](\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/03\/DXY_2022-03-10.png\")
<\/a><\/p>\nXAU\/USD (GOLD):\u00a0<\/span><\/h2>\n
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<\/a><\/p>\nGBP\/USD<\/span><\/h2>\n
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<\/a><\/p>\nUSD\/CHF:<\/span><\/h2>\n
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<\/a><\/p>\nEUR\/USD :<\/span><\/h2>\n
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<\/a><\/p>\nUSD\/JPY:\u00a0<\/span><\/h2>\n
\n<\/span>On the H4 timeframe, prices are on bullish momentum. We see the potential for further bullish momentum from our 1st support at 115.780 in line with 23.6% Fibonacci retracement and 100% Fibonacci extension towards our 1st resistance at 116.322 in line with 161.8% Fibonacci extension and 161.8% Fibonacci Projection. Our bullish bias is further supported by prices trading above our ichimoku cloud support. Alternatively, prices may dip towards our 2nd support at 115.565 in line with 38.2% Fibonacci retracement.<\/span><\/p>\n\n
<\/a><\/p>\nAUD\/USD:\u00a0<\/span><\/h2>\n
\n<\/span>– H4 1st support at 0.72446<\/span>
\n<\/span>– H4 1st resistance at 0.73157<\/span><\/p>\n<\/a><\/p>\nNZD\/USD:<\/span><\/h2>\n
<\/a><\/h2>\nUSD\/CAD:<\/span><\/h2>\n
\n<\/span>On the H4 timeframe, <\/span>price is near 1st support level of 1.27818\u00a0 in line with horizontal overlap support and 38.2% Fibonacci retracement. Price can potentially rise to the 1st resistance level of 1.29027 in line with the swing high resistanc. Alternatively, price may break 1st support and head for 2nd support at 1.27049 where the swing low support. Our bullsh bias is supported by how price is moving above the ichimoku cloud.<\/span><\/p>\n\n
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\n<\/span><\/li>\n<\/ul>\nOIL:<\/span><\/h2>\n
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