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18
Jan
2022
Tuesday 18th January 2022 : Technical Outlook and Review
On the H4 timeframe, price is consolidating in a descending channel and is on bearish momentum. We expect a dip from our 1st resistance at 95.254 towards our 1st support at 94.620 in line with 100% Fibonacci retracement and 61.8% Fibonacci retracement. RSI is at a level where dips previously occurred and prices are trading below ichimoku clouds, further supporting our bearish bias.
17
Jan
2022
Monday 17th January 2022 : Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 36433 which is in line with horizontal swing high resistance and 78.6% Fibonacci retracement level from 1st support at 35545, which is in line with horizontal swing low support and 61.8% Fibonacci retracement level.
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