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Technical Analysis

Friday 29th October: Technical Outlook and Review

DXY: On the weekly, prices are consolidating in a parallel channel. […]

By IC Markets

Technical Analysis

Thursday 28th October: Technical Outlook and Review

DXY: On the H4 timeframe, prices are on a bullish momentum. […]

By IC Markets

Technical Analysis

Wednesday 27th October: Technical Outlook and Review

DXY: On the H4 timeframe, prices are on a bullish momentum. […]

By IC Markets

Technical Analysis

Tuesday 26th October : Technical Outlook and Review

On the H4, price has just bounced off the 1st support at 35472 in line with the 23.6% Fibonacci retracement level which is also a graphical horizontal overlap support. With the RSI showing a bearish divergence, we are likely to see some bearish momentum from 1st resistance at 35968 in line with our graphical swing high resistance and two 127.2%

By IC Markets

Technical Analysis

Monday 25th October : Technical Outlook and Review

On the H4, price has just bounced off the 1st resistance at 35736 which is a graphical horizontal swing high resistance. Despite our bullish bias, we have may see a slide pullback of price to 1st support at 35334 in line with the 23.6% Fibonacci retracement level which is a horizontal overlap support before continuing with its bullish momentum

By IC Markets