29th September Thursday 2022: Technical Outlook and Review
On the H4, with the price within a descending channel and below the ichimoku cloud, we continue to have a bearish bias. However, with the price bouncing off the 1st support of 3633, which is in line with the previous swing low of June 2022, we could see price testing the 3775 intermediate level before testing the 1st support again.
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.
