{"id":55262,"date":"2022-06-30T12:34:41","date_gmt":"2022-06-30T02:34:41","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=55262"},"modified":"2022-06-30T12:34:41","modified_gmt":"2022-06-30T02:34:41","slug":"30th-june-2022-thursday-technical-outlook-and-review","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/30th-june-2022-thursday-technical-outlook-and-review\/","title":{"rendered":"30th June 2022 Thursday: Technical Outlook and Review"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">DXY:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">On the H4, <\/span><span style=\"font-weight: 400;\">with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices to 1st resistance at 105.794 where the swing high resistance and 161.8% fibonacci extension are. Once we have upside confirmation, we would expect bullish momentum to carry prices to 2nd resistance at 107.265 in line with 161.8% fibonacci extension, 78.6% fibonacci projection and 78.6% fibonacci projection. Alternatively, price may drop to 1st support at 103.401 where the horizontal swing low support and 50% fibonacci retracement are.<\/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 <\/span><span style=\"font-weight: 400;\">105.794<\/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;\">103.401<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/DXY_2022-06-30_09-52-46.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55266\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/DXY_2022-06-30_09-52-46-1024x641.png\" alt=\"\" width=\"660\" height=\"413\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/DXY_2022-06-30_09-52-46-1024x641.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/DXY_2022-06-30_09-52-46-300x188.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/DXY_2022-06-30_09-52-46-768x481.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/DXY_2022-06-30_09-52-46.png 1396w\" 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, with prices moving below the ichimoku indicator and along a descending trendline, we have a bearish bias that prices will drop to our 1st support at 1805.14 where the horizontal swing low support and 78.6% fibonacci retracement are. Once we have downside confirmation, we would expect bearish momentum to carry price to 2nd support at 1786.95 in line with swing low support, 61.8% fibonacci projection and 100% fibonacci projection. Alternatively, price could rise to our 1st resistance\u00a0 at 1829.18 in line with overlap resistance and 38.2% fibonacci retracement.\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<\/span><span style=\"font-weight: 400;\">, 1st Resistance at 1829.18<\/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;\">1805.14<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/XAUUSD_2022-06-30_09-34-05.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55274\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/XAUUSD_2022-06-30_09-34-05-1024x641.png\" alt=\"\" width=\"660\" height=\"413\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/XAUUSD_2022-06-30_09-34-05-1024x641.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/XAUUSD_2022-06-30_09-34-05-300x188.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/XAUUSD_2022-06-30_09-34-05-768x481.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/XAUUSD_2022-06-30_09-34-05.png 1396w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">GBP\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will rise and drop from our 1st resistance at 1.21657 where the horizontal overlap resistance is to our 1st support at 1.19313 where the horizontal swing low support and 61.8% fibonacci projection are. Alternatively, price could break 1st resistance structure and rise to 2nd resistance at <\/span><span style=\"font-weight: 400;\">1.24327<\/span><span style=\"font-weight: 400;\"> in line with the 61.8% fibonacci projection, 78.6% fibonacci retracement and pullback resistance.<\/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 <\/span><span style=\"font-weight: 400;\">1.21657<\/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;\"> 1.19313<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/GBPUSD_2022-06-30_10-14-58.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55268\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/GBPUSD_2022-06-30_10-14-58-1024x647.png\" alt=\"\" width=\"660\" height=\"417\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/GBPUSD_2022-06-30_10-14-58-1024x647.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/GBPUSD_2022-06-30_10-14-58-300x190.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/GBPUSD_2022-06-30_10-14-58-768x485.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/GBPUSD_2022-06-30_10-14-58.png 1396w\" 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 below the <\/span><span style=\"font-weight: 400;\">ichimoku cloud<\/span><span style=\"font-weight: 400;\"> , we have a <\/span><span style=\"font-weight: 400;\">bearish<\/span><span style=\"font-weight: 400;\"> bias that price will continue to drop from the 1st resistance <\/span><span style=\"font-weight: 400;\">at 0.95461 in line with the horizontal pullback resistance to the 1st support at 0.94182<\/span> <span style=\"font-weight: 400;\">in line with the 127.2% Fibonacci extension. Alternatively, price may reverse off the 1st resistance and rise to the 2nd resistance where the 23.6% Fibonacci retracement and pullback resistance is.<\/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 <\/span><span style=\"font-weight: 400;\">\u00a00.94182<\/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;\">0.95461<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCHF_2022-06-30_04-10-30.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55272\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCHF_2022-06-30_04-10-30-1024x586.png\" alt=\"\" width=\"660\" height=\"378\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCHF_2022-06-30_04-10-30-1024x586.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCHF_2022-06-30_04-10-30-300x172.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCHF_2022-06-30_04-10-30-768x439.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCHF_2022-06-30_04-10-30.png 1353w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">EUR\/USD :<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On H4, with price recently breaking the ascending trendline, we have a bearish bias that price will continue to drop from the 1st resistance at 1.06047 at the pullback resistance in line with the 61.8% fibonacci projection and 61.8% fibonacci retracement to the 1st support at 1.03541 in line with the multiple horizontal swing lows. Alternatively, price may reverse off the 1st resistance and rise to the 2nd resistance at 1.07814 at the horizontal swing high in line with the 50% fibonacci retracement and 100% Fibonacci projection.<\/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;\">1.06047<\/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;\"> 1.03541\u00a0<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/EURUSD_2022-06-30_09-39-10.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55267\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/EURUSD_2022-06-30_09-39-10-1024x469.png\" alt=\"\" width=\"660\" height=\"302\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/EURUSD_2022-06-30_09-39-10-1024x469.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/EURUSD_2022-06-30_09-39-10-300x137.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/EURUSD_2022-06-30_09-39-10-768x352.png 768w\" 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;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise to our 1st resistance at 136.765 where the swing high resistance is. Once there is upside confirmation, we would expect bullish momentum to carry price to our 2nd resistance at <\/span><span style=\"font-weight: 400;\">140.818<\/span><span style=\"font-weight: 400;\"> where the 100% fibonacci 61.8% fibonacci projection is . Alternatively, price may drop to 1st support at <\/span><span style=\"font-weight: 400;\">134.225<\/span><span style=\"font-weight: 400;\"> in line with the swing low support, 50% fibonacci retracement and 23.6% 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 <\/span><span style=\"font-weight: 400;\">136.765<\/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;\">134.225<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDJPY_2022-06-30_10-02-20.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55273\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDJPY_2022-06-30_10-02-20-1024x646.png\" alt=\"\" width=\"660\" height=\"416\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDJPY_2022-06-30_10-02-20-1024x646.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDJPY_2022-06-30_10-02-20-300x189.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDJPY_2022-06-30_10-02-20-768x484.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDJPY_2022-06-30_10-02-20.png 1386w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">AUD\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with price moving below the <\/span><span style=\"font-weight: 400;\">ichimoku cloud<\/span><span style=\"font-weight: 400;\"> , we have a <\/span><span style=\"font-weight: 400;\">bearish<\/span><span style=\"font-weight: 400;\"> bias that price will continue to drop from the 1st resistance at 0.69303 in line with the 50% <\/span><span style=\"font-weight: 400;\">fibonacci retracement<\/span><span style=\"font-weight: 400;\"> to the 1st support at 0.68296 in line with the horizontal swing low and 61.8% <\/span><span style=\"font-weight: 400;\">Fibonacci projection<\/span><span style=\"font-weight: 400;\"> .Alternatively, price may reverse off the 1st resistance and rise to the 2nd resistance at 0.70484 in line with the overlap resistance, 78.6% <\/span><span style=\"font-weight: 400;\">Fibonacci projection<\/span><span style=\"font-weight: 400;\"> and 50% <\/span><span style=\"font-weight: 400;\">Fibonacci retracement<\/span><span style=\"font-weight: 400;\"> .<\/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;\">0.68296<\/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;\">0.69303<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/AUDUSD_2022-06-30_09-41-11.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55264\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/AUDUSD_2022-06-30_09-41-11-1024x420.png\" alt=\"\" width=\"660\" height=\"271\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/AUDUSD_2022-06-30_09-41-11-1024x420.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/AUDUSD_2022-06-30_09-41-11-300x123.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/AUDUSD_2022-06-30_09-41-11-768x315.png 768w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">NZD\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with price bouncing off the confluence area at the 1st support, we have a bullish bias that price will rise from the 1st support at 0.61978 at the multiple swing lows in line with the 161.8% fibonacci extension and 78.6% fibonacci projection to the 1st resistance at 0.63252 in line with the swing high and 61.8% fibonacci retracement. Alternatively, price may break the support structure at 1st support and drop to the 2nd support at 0.61616 in line with the -61.8% fibonacci expansion and 61.8% 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 time frame, 1st support at\u00a0 <\/span><span style=\"font-weight: 400;\">0.61978\u00a0<\/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;\">0.63252<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/NZDUSD_2022-06-30_10-00-28.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55269\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/NZDUSD_2022-06-30_10-00-28-1024x420.png\" alt=\"\" width=\"660\" height=\"271\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/NZDUSD_2022-06-30_10-00-28-1024x420.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/NZDUSD_2022-06-30_10-00-28-300x123.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/NZDUSD_2022-06-30_10-00-28-768x315.png 768w\" 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;\">On the H4, with price recent break of the <\/span><span style=\"font-weight: 400;\">ichimoku cloud<\/span><span style=\"font-weight: 400;\"> , we have a <\/span><span style=\"font-weight: 400;\">bearish<\/span><span style=\"font-weight: 400;\"> bias that price will continue to drop from the 1st resistance <\/span><span style=\"font-weight: 400;\">at 1.29124 in line with the horizontal pullback resistance and 38.2% Fibonacci retracement\u00a0 to the 1st support at 1.28224<\/span> <span style=\"font-weight: 400;\">in line with the 50% Fibonacci retracement and horizontal swing low support. Alternatively, price may reverse off the 1st resistance and rise to the 2nd resistance at 1.30077 where the 78.6% Fibonacci retracement and horizontal swing high resistance is.<\/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 1.29124<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 1.28224<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCAD_2022-06-30_04-08-15.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55270\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCAD_2022-06-30_04-08-15-1024x586.png\" alt=\"\" width=\"660\" height=\"378\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCAD_2022-06-30_04-08-15-1024x586.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCAD_2022-06-30_04-08-15-300x172.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCAD_2022-06-30_04-08-15-768x439.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCAD_2022-06-30_04-08-15.png 1353w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">OIL:<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">On the H4, with price expected to bounce off ichimoku cloud, we have a bullish bias that price will continue to rise from the 1st support at 106.58 in line with the pullback support and 61.8% Fibonacci retracement to the 1st resistance at 114.14 at the horizontal pullback resistance. Alternatively, price may reverse off the 1st support and drop to the 2nd support at horizontal swing low support and 61.8%\u00a0 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;\">H4 time frame, 1st resistance of<\/span><span style=\"font-weight: 400;\"> 114.14<\/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;\"> 106.58<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/CL1_2022-06-30_04-05-52.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55265\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/CL1_2022-06-30_04-05-52-1024x586.png\" alt=\"\" width=\"660\" height=\"378\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/CL1_2022-06-30_04-05-52-1024x586.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/CL1_2022-06-30_04-05-52-300x172.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/CL1_2022-06-30_04-05-52-768x439.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/CL1_2022-06-30_04-05-52.png 1353w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">Dow Jones Industrial Average:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">On the H4, with price moving along an ascending trendline and ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 30862 where the horizontal pullback support and 38.2% Fibonacci retracement are to our 1st resistance at 31866 in line with the horizontal swing high resistance and 61.8% fibonacci retracement. Alternatively, price may break 1st support and head for 2nd support at 30149 where the horizontal swing low support and 78.6% fibonacci retracement are.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/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 <\/span><span style=\"font-weight: 400;\">31866<\/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;\">30862<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/Dow.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55275\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/Dow-1024x506.png\" alt=\"\" width=\"660\" height=\"326\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/Dow-1024x506.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/Dow-300x148.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/Dow-768x380.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/Dow.png 1353w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<p>&nbsp;<\/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 along an ascending trendline and ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 30862 where the horizontal pullback support and 38.2% Fibonacci retracement are to our 1st resistance at 31866 in line with the horizontal swing high resistance and 61.8% fibonacci retracement.<\/p>\n","protected":false},"author":8,"featured_media":55263,"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\/55262"}],"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=55262"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/55262\/revisions"}],"predecessor-version":[{"id":55276,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/55262\/revisions\/55276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/55263"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=55262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=55262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=55262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}