{"id":53701,"date":"2022-04-21T14:00:52","date_gmt":"2022-04-21T04:00:52","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=53701"},"modified":"2022-04-21T14:00:52","modified_gmt":"2022-04-21T04:00:52","slug":"21st-april-2022-thursday-technical-outlook-and-review","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/21st-april-2022-thursday-technical-outlook-and-review\/","title":{"rendered":"21st April 2022 Thursday: 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, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance of 101.085 in line with the swing high resistance, 161.8% Fibonacci extension and 78.6% Fibonacci projection from our 1st support of 100.278 in line with the 23.6% Fibonacci retracement. Alternatively, price may break 1st support and head for 2nd support at 99.434 in line with the 50% Fibonacci retracement. Our bullish bias is further supported by how price is expected to respect our ascending channel.<\/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 101.085<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 100.278<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd support at 99.434<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DXY_2022-04-21_10-48-02.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53705\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DXY_2022-04-21_10-48-02-1024x579.png\" alt=\"\" width=\"660\" height=\"373\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DXY_2022-04-21_10-48-02-1024x579.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DXY_2022-04-21_10-48-02-300x170.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DXY_2022-04-21_10-48-02-768x434.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DXY_2022-04-21_10-48-02.png 1090w\" 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;\">We are expecting price to potentially dip from 1st resistance level of 1965.8 which is line with 38.2% Fibonacci retracement, along with a graphical pullback resistance towards the 1st support level of 1941.2 in line with a horizontal swing low support. Otherwise, price might break the 1st resistance level and head towards the 2nd resistance level of 1986.1<\/span><\/p>\n<p><b>Areas of consideration:\u00a0<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame<\/span><span style=\"font-weight: 400;\">, 1st Resistance at 1965.8<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd Resistance at 1986.1<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st Support at 1941.2<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GC1_2022-04-21_10-51-35.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53708\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GC1_2022-04-21_10-51-35-1024x579.png\" alt=\"\" width=\"660\" height=\"373\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GC1_2022-04-21_10-51-35-1024x579.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GC1_2022-04-21_10-51-35-300x170.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GC1_2022-04-21_10-51-35-768x434.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GC1_2022-04-21_10-51-35.png 1090w\" 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 timeframe, <\/span><span style=\"font-weight: 400;\">we are seeing price is abiding by the descending channel and is on a bearish momentum. As price is trading below the Ichimoku cloud, it can potentially reverse from the 1st resistance level of 1.30665 in line with 50% fibonacci retracement and 61.8% Fibonacci projection towards the 1st support level of 1.29935 which is in line with 61.8% Fibonacci projection. Otherwise, price might break through the 1st resistance level and head towards the 2nd resistance level of 1.31475which is in line with 100% Fibonacci projection .<\/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 1st resistance at 1.30665<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 2nd resistance at 1.31475<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support at 1.29935<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GBPUSD_2022-04-21_10-32-01.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53707\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GBPUSD_2022-04-21_10-32-01-1024x554.png\" alt=\"\" width=\"660\" height=\"357\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GBPUSD_2022-04-21_10-32-01-1024x554.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GBPUSD_2022-04-21_10-32-01-300x162.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GBPUSD_2022-04-21_10-32-01-768x416.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GBPUSD_2022-04-21_10-32-01.png 1570w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">USD\/CHF:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance of 0.95393 in line with the swing high resistance, 127.2% Fibonacci extension from our 1st support of 0.94609 in line with the 23.6% Fibonacci retracement. Alternatively, price may break 1st support and head for 2nd support at 0.94104 in line with the 38.2 and 61.8% Fibonacci retracement.\u00a0<\/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;\">1st support level at 0.94609<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">1st resistance level at<\/span> <span style=\"font-weight: 400;\">0.95393<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCHF_2022-04-21_10-28-00.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53712\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCHF_2022-04-21_10-28-00-1024x547.png\" alt=\"\" width=\"660\" height=\"353\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCHF_2022-04-21_10-28-00-1024x547.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCHF_2022-04-21_10-28-00-300x160.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCHF_2022-04-21_10-28-00-768x410.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCHF_2022-04-21_10-28-00.png 1153w\" 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 timeframe, we are seeing price is abiding by the descending channel and is on a bearish momentum. Price can potentially reverse from the 1st resistance level of 1.08482 which is in line with 23.6% Fibonacci retracement and 78.6% Fibonacci projection towards the 1st support level of 1.07627 which is in line with 61.8% Fibonacci retracement, 61.8% Fibonacci projection and 138.2% Fibonacci extension. Our bearish bias is further supported by price being pushed down by Ichimoku cloud. Otherwise, price might break through the 1st resistance level and head to 2nd resistance level which is in line with 38.2% Fibonacci retracement.<\/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 at <\/span><span style=\"font-weight: 400;\">1.08482<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 2nd resistance at 1.09368<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support at<\/span><span style=\"font-weight: 400;\"> 1.07627<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/EURUSD_2022-04-21_10-22-28.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53706\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/EURUSD_2022-04-21_10-22-28-1024x554.png\" alt=\"\" width=\"660\" height=\"357\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/EURUSD_2022-04-21_10-22-28-1024x554.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/EURUSD_2022-04-21_10-22-28-300x162.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/EURUSD_2022-04-21_10-22-28-768x416.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/EURUSD_2022-04-21_10-22-28.png 1570w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">USD\/JPY:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Price is abiding by the ascending trendline and is on a bullish momentum. We expect price to have a rise from 1st support level of 127.542 in line with 23.6% Fibonacci retracement towards the 1st resistance level of 129.832 in line with previous horizontal swing high. If price breaks through the 1st support level, it will trigger a dip towards the 2nd support level of 125.128 which is in line with 50% Fibonacci retracement.<\/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 129.832<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 127.542<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd support at 125.128<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDJPY_2022-04-21_10-56-34.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53713\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDJPY_2022-04-21_10-56-34-1024x554.png\" alt=\"\" width=\"660\" height=\"357\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDJPY_2022-04-21_10-56-34-1024x554.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDJPY_2022-04-21_10-56-34-300x162.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDJPY_2022-04-21_10-56-34-768x416.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDJPY_2022-04-21_10-56-34.png 1570w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">AUD\/USD:\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 timeframe, price is dropping towards the ascending trendline. We see the potential for a bearish reversal from 1st resistance of 0.74568 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards the 1st support level of 0.73559 in line with78.6% Fibonacci projection, 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Our bearish bias is further supported by price being pushed down by Ichimoku cloud. However, there is a probability that price might break through the 1st resistance level to rise up towards 2nd resistance level of 0.75381 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection.<\/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 resistance at <\/span><span style=\"font-weight: 400;\">0.74568<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 2nd resistance at 0.75381<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support at <\/span><span style=\"font-weight: 400;\">0.73559<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/AUDUSD_2022-04-21_09-45-41.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53703\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/AUDUSD_2022-04-21_09-45-41-1024x554.png\" alt=\"\" width=\"660\" height=\"357\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/AUDUSD_2022-04-21_09-45-41-1024x554.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/AUDUSD_2022-04-21_09-45-41-300x162.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/AUDUSD_2022-04-21_09-45-41-768x416.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/AUDUSD_2022-04-21_09-45-41.png 1570w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">NZD\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, <\/span><span style=\"font-weight: 400;\">we see the potential for a bearish reversal from 1st resistance of 0.68034 in line with 100% Fibonacci projection towards the 1st support level of 0.67167 in line with78.6% Fibonacci projection and 61.8% Fibonacci retracement. Our bearish bias is further supported by price being pushed down by Ichimoku cloud. However, there is a probability that price might break through the 1st resistance level to rise up towards 2nd resistance level of 0.68740 in line with 50% Fibonacci retracement and -61.8% Fibonacci expansion.<\/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;\">0.67167<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at 0.68034<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd resistance at 0.68740<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/NZDUSD_2022-04-21_10-00-16.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53709\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/NZDUSD_2022-04-21_10-00-16-1024x592.png\" alt=\"\" width=\"660\" height=\"382\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/NZDUSD_2022-04-21_10-00-16-1024x592.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/NZDUSD_2022-04-21_10-00-16-300x173.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/NZDUSD_2022-04-21_10-00-16-768x444.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/NZDUSD_2022-04-21_10-00-16.png 1570w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">USD\/CAD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Price is abiding by the descending trendline. We are expecting a bearish dip to occur from 1st resistance level of 1.25320 in line with 23.6% Fibonacci retracement and 61.8% Fibonacci projection towards the 1st support level of 1.24334 in line with horizontal swing low support. Alternatively, price might break through the key resistance level and rise to the 2nd resistance level of 1.25801 in line with 38.2% Fibonacci retracement.<\/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 1.25320<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 1.24334<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCAD_2022-04-21_10-14-32.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53711\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCAD_2022-04-21_10-14-32-1024x466.png\" alt=\"\" width=\"660\" height=\"300\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCAD_2022-04-21_10-14-32-1024x466.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCAD_2022-04-21_10-14-32-300x136.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCAD_2022-04-21_10-14-32-768x349.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCAD_2022-04-21_10-14-32.png 1354w\" 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, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance of 114.40 in line with the horizontal overlap resistance from our 1st support of 104.56 in line with the 61.8% Fibonacci retracement. Alternatively, price may break 1st support and head for 2nd support at 97.75 in line with the 61.8% Fibonacci retracement, -27.2% Fibonacci expansion, 161.8% Fibonacci extension and horizontal swing low support.\u00a0<\/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 of 114.40<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support of 104.56<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd support of <\/span><span style=\"font-weight: 400;\">97.75<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/UKOIL_2022-04-21_10-17-24.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53710\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/UKOIL_2022-04-21_10-17-24-1024x547.png\" alt=\"\" width=\"660\" height=\"353\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/UKOIL_2022-04-21_10-17-24-1024x547.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/UKOIL_2022-04-21_10-17-24-300x160.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/UKOIL_2022-04-21_10-17-24-768x410.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/UKOIL_2022-04-21_10-17-24.png 1153w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">Dow Jones Industrial Average:\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance of 35823 in line with the pullback resistance, 127.2% Fibonacci extension from our 1st support of 34061 in line with the 50% Fibonacci retracement. Alternatively, price may break 1st support and head for 2nd support at 32910 in line with the swing low support.\u00a0<\/span><\/p>\n<p><b>Areas of consideration :\u00a0<\/b><\/p>\n<ul>\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;\">35823<\/span><\/li>\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;\">34061<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd support at <\/span><span style=\"font-weight: 400;\">32910<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DJI_2022-04-21_10-10-39.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53704\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DJI_2022-04-21_10-10-39-1024x509.png\" alt=\"\" width=\"660\" height=\"328\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DJI_2022-04-21_10-10-39-1024x509.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DJI_2022-04-21_10-10-39-300x149.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DJI_2022-04-21_10-10-39-768x382.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DJI_2022-04-21_10-10-39.png 1354w\" 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, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance of 35823 in line with the pullback resistance, 127.2% Fibonacci extension from our 1st support of 34061 in line with the 50% Fibonacci retracement.<\/p>\n","protected":false},"author":8,"featured_media":53702,"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\/53701"}],"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=53701"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/53701\/revisions"}],"predecessor-version":[{"id":53714,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/53701\/revisions\/53714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/53702"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=53701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=53701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=53701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}