ICMarket

Market Analysis

Technical Analysis
06th July 2022 Wednesday: Technical Outlook and Review

On the H4, with price expected to reverse off the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 30422 where the horizontal swing low support and 61.8% Fibonacci retracement are from our 1st resistance at 31216 in line with the horizontal swing high resistance and 50% Fibonacci retracement.

By IC Markets

Technical Analysis
05th July 2022 Tuesday: Technical Outlook and Review

On the H4, with price moving along an ascending channel and expected to break out of the 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.

By IC Markets

Technical Analysis
04th July 2022 Monday: Technical Outlook and Review

On the H4, with price moving along an ascending channel and expected to break out of the 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.

By IC Markets

Technical Analysis
01st July 2022 Friday: Technical Outlook and Review

On the H4, with price moving along an ascending channel 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.

By IC Markets

Technical Analysis
30th June 2022 Thursday: Technical Outlook and Review

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.

By IC Markets

Technical Analysis
29th June 2022 Wednesday: Technical Outlook and Review

On the H4, with price moving along an ascending trendline, we have a bullish bias that price will rise from our 1st support at 31328 where the horizontal pullback support and 23.6% Fibonacci retracement are to our 1st resistance at 32622 in line with the horizontal overlap resistance and 78.6% fibonacci retracement.

By IC Markets

Technical Analysis
28th June 2022 Tuesday: Technical Outlook and Review

On the H4, with price moving above the ichimoku cloud and along an ascending trendline, we have a bullish bias that price will rise from our 1st support at 31328 where the horizontal pullback support and 23.6% Fibonacci retracement are to our 1st resistance at 32622 in line with the horizontal overlap resistance.

By IC Markets

Technical Analysis
27th June 2022 Monday: Technical Outlook and Review

On the H4, with price breaking the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 31528 where the 50% Fibonacci retracement is to our 1st resistance at 32622  in line with the horizontal pullback resistance and 78.6% Fibonacci retracement.

By IC Markets

Technical Analysis
24th June 2022 Friday: Technical Outlook and Review

On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 30795 where the horizontal pullback resistance is to our 1st support at 29748 in line with the horizontal swing low support.

By IC Markets