28th September Wednesday 2022: Technical Outlook and Review
On the H4, with the price on a strong bearish trend and below the ichimoku cloud, we have a bearish bias that price may drop to the 2nd support of 3508, which is in line with the 27.2% fibonacci expansion and previous swing low from November 2020.
27th September Tuesday 2022: Technical Outlook and Review
On the H4 chart, price has pushed through very strongly through the 1st support at 142.574 where the 78.6% Fibonacci line lies. If this strong bullish momentum continues, price could potential break above the 1st resistance at 144.952 where the 23.6% Fibonacci line lies and head towards the 2nd resistance at 147.070 where the -27.2% Fibonacci expansion line is.
26th September Monday 2022: Technical Outlook and Review
On the H4, with the price on a strong bearish trend and below the ichimoku cloud, we have a bearish bias that price may drop to the 1st support of 3516.38, which is in line with the -27.2% fibonacci expansion and previous swing low.
23rd September Friday 2022: Technical Outlook and Review
On the H4, with the price on a strong bearish trend and below the ichimoku cloud, we have a bearish bias that price may drop to the 1st support of 3635, which is in line with the -61.80% fibonacci expansion and previous swing low of June 2022.
22nd September Thursday 2022: Technical Outlook and Review
On the H4, the price reversed from the 4100 price area forming a bearish channel, with the price falling towards the 1st support are of 3900. With our bearish bias still valid, as price trades back towards the 61.8% Fibonacci retracement, look for price to test the 1st support area.
21st September Wednesday 2022: Technical Outlook and Review
On the H4, the price reversed from the 4100 price area forming a bearish channel, with the price falling towards the 1st support are of 3900. With our bearish bias still valid, as price trades back towards the 61.8% Fibonacci retracement, look for price to test the 1st support area.
20th September Tuesday 2022: Technical Outlook and Review
On the H4, the price reversed from the 4100 price area forming a bearish channel, with the price falling towards the 1st support are of 3900. With our bearish bias still valid, as price trades back towards the 61.8% Fibonacci retracement, look for price to test the 1st support area.
19th September Monday 2022: Technical Outlook and Review
On the H4, the price reversed from the 4100 price area forming a bearish channel, with the price falling towards the 1st support are of 3900. With our bearish bias still valid, as price trades back towards the 61.8% Fibonacci retracement, look for price to test the 1st support area.
16th September Friday 2022: Technical Outlook and Review
On the H4, the price reversed from the 4100 price area forming a bearish channel, with the price falling towards the 1st support are of 3900. With our bearish bias still valid, as price trades back towards the 61.8% Fibonacci retracement, look for price to test the 1st support area.
