Thursday 16th February 2023 Technical Outlook And Review Ic Markets Looking at the h4 chart, my overall bias for dxy is bullish due to the current price crossing above the ichimoku cloud, indicating a bullish market. if this bullish momentum continues, expect the price to possibly continue heading towards the 1st resistance at 103.964, where the previous swing high is. The dxy (us dollar index) chart currently shows a neutral momentum, suggesting a lack of clear direction in the market. considering this neutral momentum, the price could potentially fluctuate between the first support level at 103.49 and the first resistance level at 104.37.
Thursday 9th March 2023 Technical Outlook And Review Ic Markets Given that this pair is now effectively trading in no mans land between 1.1200 1.1150, what do we see in store for this market today? well, looking across to the higher timeframe structures, we can see that price sold off beautifully from daily supply at 1.1329 1.1269 with room still seen to continue lower down to support at 1.1122. Looking at the h4 chart, my overall bias for eurusd is bearish due to the current price crossing below the ichimoku cloud, indicating a bearish market structure. if this bearish momentum continues, expect the price to possibly continue heading towards the 1st support at 1.05830, where the overlap support and 61.8% fibonacci projection line is. Ic markets no comments waiting for lower timeframe confirmation is our main tool to confirm strength within higher timeframe zones, and has really been the key to our trading success. it takes a little time to understand the subtle nuances, however, as each trade is never the same, but once you master the rhythm so to speak, you will be saved. Eur usd: weekly gain loss: 0.16% weekly close: 1.1600 weekly perspective: by way of a tasty looking bearish pin bar formation, the shared currency shook hands with the underside of a resistance area at 1.1717 1.1862 last week.
Thursday 30th March 2023 Technical Outlook And Review Ic Markets Ic markets no comments waiting for lower timeframe confirmation is our main tool to confirm strength within higher timeframe zones, and has really been the key to our trading success. it takes a little time to understand the subtle nuances, however, as each trade is never the same, but once you master the rhythm so to speak, you will be saved. Eur usd: weekly gain loss: 0.16% weekly close: 1.1600 weekly perspective: by way of a tasty looking bearish pin bar formation, the shared currency shook hands with the underside of a resistance area at 1.1717 1.1862 last week. Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.12% of retail investor accounts lose money when trading cfds with this provider. you should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Price could potentially make a bullish bounce off the pivot and rise toward the 1st resistance. pivot: 107.13. supporting reasons: identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound. The dxy chart exhibits a bearish momentum, indicating a downward trend in the market. there is a possibility of a bearish continuation towards the first support level at 101.69, which is a significant overlap support and aligns with the 145.00% fibonacci extension. Looking at the h4 chart, my overall bias for dxy is bullish due to the current price crossing above the ichimoku cloud, indicating a bullish market. if this bullish momentum continues, expect the price to possibly continue heading towards the 1st resistance at 103.964, where the previous swing high is.
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