USD/JPY:
The current general bias for USDJPY on the H4 chart is bullish. To add confluence to this, the price is above the Ichimoku cloud which indicates a bullish market. If the bullish momentum continues, expect USDJPY to break the 1st resistance line at 137.657, where the 61.8% Fibonacci line and previous low are located before heading towards the 2nd resistance at 140.356, where the 50% Fibonacci line and previous swing low are. In an alternative scenario, price could head back down towards the 1st support at 133.007 where the 88% Fibonacci line is.
Areas of consideration:
- H4 time frame, 1st resistance at 137.657
- H4 time frame, 2nd resistance at 140.356
- H4 time frame, 1st support at 133.007
DXY:
On the H4 chart, the overall bias for DXY is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect the price to possibly break the 1st support line at 103.418, where the -27.2% Fibonacci expansion line is before heading towards the 2nd support at 102.352, where the -61.8% Fibonacci expansion line is. In an alternative scenario, price could head back up and retest the 1st resistance line resistance at 104.648, where the previous swing low is.
Areas of consideration:
- H4 time frame, 1st resistance at 104.648
- H4 time frame, 1st support at 103.418
- H4 time frame, 2nd support at 102.352
EUR/USD:
Looking at the H4 chart, my overall bias for EURUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, price has also broken above the ascending bullish channel. If this bullish momentum continues, expect the price to possibly head towards the 1st resistance at 1.07652, where the previous swing high is. In an alternate scenario, price could possibly head back down to break the 1st support level at 1.06014, where the previous swing high and 78.6% Fibonacci line are located before heading towards the 2nd support at 1.04484, where the 38.2% Fibonacci line is.
Areas of consideration :
- H4 1st resistance at 1.07652
- H4 1st support at 1.06014
- H4 2nd support at 1.04484
GBP/USD:
Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. Expecting price to head back up to possibly continue heading towards the 1st resistance at 1.22770, where the previous swing high is. In an alternative scenario, price could possibly head back down to retest the 1st support at 1.19008, where the 78.6% Fibonacci line is.
Areas of consideration:
- H4 1st resistance at 1.22770
- H4 1st support at 1.19008
USD/CHF:
The overall bias for USDCHF on the H4 chart is bearish. In addition, the price is below the Ichimoku cloud, indicating a bearish market. If the current bearish trend continues, expect the price to head back down towards the 1st support line at 0.91932, where the previous swing low and 12.72% Fibonacci extension line is . In an alternative scenario, price could possibly head up towards the 1st resistance at 0.93706, where the previous swing low is .
Areas of consideration
- H4 1st support at 0.91932
- H4 1st resistance at 0.93706
XAU/USD (GOLD):
Looking at the H4 chart, my overall bias for XAUUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price to continue heading towards the 1st resistance at 1824.515 where the recent high is. In an alternative scenario, price could possibly head back down to retest the 1st support at 1786.545, where the previous high is.
Areas of consideration:
- H4 time frame, 1st resistance at 1824.515
- H4 time frame, 1st support at 1786.545
AUD/USD:
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect the price to continue heading towards the 1st support at 0.65849, where the 78.6% Fibonacci line is. In an alternative scenario, price could possibly head back up towards the 1st resistance at 0.67711, where the 61.8% Fibonacci line is
Areas of consideration
- H4, 1st resistance at 0.67711
- H4, 1st support at 0.65849
NZD/USD:
Looking at the H4 chart, my overall bias for NZDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
To add confluence to this bias, price has broken out of the ascending channel. If this bullish momentum continues, expect the price to possibly break the 1st resistance line at 0.64685, where the previous swing high is before heading towards the 2nd resistance at 0.65758, where the previous swing high is. Alternatively, the price may head back down breaking the 1st support at 0.63525, where the 88% Fibonacci line is before heading towards the 2nd support line at 0.62092, where the 78.6% Fibonacci line is.
Areas of consideration:
- H4 time frame, 1st resistance at 0.64685
- H4 time frame, 2nd resistance at 0.65758
- H4 time frame, 1st support at 0.63525
- H4 time frame, 2nd support at 0.62092
USD/CAD:
On the H4 chart, the overall bias for USDCAD is bullish. To add confluence to this, the price is crossing above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect the price to head towards 1st resistance line at 1.38082, where the 78.6% Fibonacci line is. In an alternative scenario, price could head back down to retest the 1st support at 1.35029, where the 38.2% Fibonacci line is.
Areas of consideration:
- H4 time frame, 1st resistance at 1.38082
- H4 time frame, 2nd resistance at 1.39775
- H4 time frame, 1st support at 1.35029
OIL:
Looking at the H4 chart, my overall bias for BCOUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect the price to possibly head towards the 1st support line at 76.859, where the -27.2% Fibonacci expansion line is located. In an alternate scenario, price could possibly break the 1st resistance at 81.996, where the previous low is located., before heading towards the 2nd resistance at 90.619, where the 50% Fibonacci line is.
Areas of consideration:
- H4 time frame, 1st resistance at 81.996
- H4 time frame, 2nd resistance at 90.619
- H4 time frame, 1st support at 76.859
Dow Jones Industrial Average:
On the H4 chart, the overall bias for DJI is bearish . To add confluence to this, the price is crossing below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect the price to head back down towards the 1st support at 32490.37, where the 61.8% Fibonacci line is. In an alternative scenario, price could possibly break the 1st resistance line at 34106.01, where the previous swing high is before heading towards the 2nd resistance line at 35492.22, where the previous swing high is.
Areas of consideration:
- H4 time frame, 1st support at 32490.37
- H4 time frame, 1st Resistance at 34106.01
- H4 time frame, 2nd Resistance at 35492.22
DAX:
Looking at the H4 chart, my overall bias for DAX is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to break the 1st support at 13941 where the previous swing high is before heading towards the 2nd support at 13057, where the 61.8% Fibonacci line is. In an alternative scenario, price could possibly head back up to retest the 1st resistance at 14709, where the previous swing high is.
Areas of consideration:
- H4 time frame, 1st resistance is at 14709
- H4 time frame, 1st support is at 13941
- H4 time frame, 2nd support is at 13057
ETHUSD:
Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to head towards the 1st support at 1074.23, where the previous swing low is. In an alternative scenario, price could head back up to retest the 1st resistance at 1215.43, where the 23.6% Fibonacci line is.
Areas of consideration:
- H4 time frame, 1st resistance of 1215.43
- H4 time frame, 1st support at 1074.23
BTCUSD:
Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Expecting price to possibly continue heading towards the 1st support at 15632.00, where the previous swing low is. In an alternative scenario, price could possibly head up towards the 1st resistance at 17297.00, where the 23.6% Fibonacci line is.
Areas of consideration:
- H4 time frame, 1st resistance 17297.00
- H4 time frame, 1st support at 15632.00
S&P 500:
Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the 1st support at 3806.91, where the 50% Fibonacci line is. In an alternative scenario, price could possibly head back up breaking the 1st resistance at 3907.07, where the 50% Fibonacci line is before heading towards the 2nd resistance at 4031.44, where the 61.8% Fibonacci line is.
Areas of consideration:
- H4 time frame, 1st support at 3806.91
- H4 time frame, 1st resistance at 3907.07
- H4 time frame, 2nd resistance at 4031.44
