ICMarket

Market Analysis

Technical Analysis
Thursday 29th December 2022: Technical Outlook and Review

Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect the price to continue heading towards the 1st support at 3636.87, where the 78.6% Fibonacci line is.

By IC Markets

Technical Analysis
Wednesday 28th December 2022: Technical Outlook and Review

Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect the price to continue heading towards the 1st support at 3636.87, where the 78.6% Fibonacci line is.

By IC Markets

Technical Analysis
Tuesday 27th December 2022: Technical Outlook and Review

Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.  If this bearish momentum continues, expect price to possibly head towards the 1st support at 130.421, where the previous swing low is located.

By IC Markets

Technical Analysis
Friday 23rd December 2022: Technical Outlook and Review

Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect the price to continue heading towards the 1st support at 3636.87, where the 78.6% Fibonacci line is.

By IC Markets

Technical Analysis
Thursday 22nd December 2022: Technical Outlook and Review

Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the 1st support at 3636.87, where the 78.6% Fibonacci line is.

By IC Markets

Technical Analysis
Wednesday 21st December 2022: Technical Outlook and Review

Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.  If this bearish momentum continues, expect price to possibly head towards the 1st support at 130.421, where the previous swing low is located.

By IC Markets

Technical Analysis
Tuesday 20th December 2022: Technical Outlook and Review

Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the 1st support at 3636.87, where the 78.6% Fibonacci line is. In an alternative scenario.

By IC Markets

Technical Analysis
Monday 19th December 2022: Technical Outlook and Review

Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the 1st support at 3806.91, where the 50% Fibonacci line is.

By IC Markets

Technical Analysis
Thursday 15th December 2022: Technical Outlook and Review

The overall bias for the S&500 on the H4 chart is bullish, with prices above the Ichimoku cloud. If the bullish momentum continues, the expected price to possibly break  the 1st resistance line is at 4031.44, where the 61.8% Fibonacci line is located before heading towards the 2nd resistance line at 4177.51, where the 78.6% Fibonacci line is.

By IC Markets