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Wednesday 22 September 2021: Technical Outlook and Review
DXY: Looking at the Weekly chart price may bearish towards the 1st support at 90.346 in line with 76.4% Fibonacci retracement and 76.4% Fibonacci extension. Our bearish bias is further supported by stochastic testing resistance where price dropped in the past. Otherwise, price may be bullish towards the 1st resistance at 93.829 in line with … Continue reading Wednesday 22 September 2021: Technical Outlook and Review
Tuesday 21 September 2021: Technical Outlook and Review
On the H4, price dropped lower breaking previous supports. With price now testing key graphical swing low support at 33613 and stochastic testing support where price bounced in the past, an intraday bounce towards graphical overlap resistance at 34510 could be possible. Otherwise, breaking below 1st support will see price drop lower towards daily support at 33270.
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