ICMarket

Technical Analysis

Technical Analysis
22 August 2024
Thursday 22nd August 2024: Technical Outlook and Review

Identified as swing low support, indicating a potential area where buyers could enter the market, leading to a bullish bounce.

Technical Analysis
21 August 2024
Wednesday 21st August 2024: Technical Outlook and Review

Supported by the 161.80% Fibonacci Extension, suggesting a potential reversal point where buying pressure could increase.

Technical Analysis
20 August 2024
Tuesday 20th August 2024: Technical Outlook and Review

Identified as an overlap support that aligns close to a 161.8% Fibonacci extension level, indicating a potential area where buying interests could pick up to stage a minor rebound.

Technical Analysis
19 August 2024
Monday 19th August 2024: Technical Outlook and Review

Identified as an overlap support, reinforced by the 78.60% Fibonacci Retracement and the 127.20% Fibonacci Extension, indicating a confluence of support that could encourage buying activity.

Technical Analysis
16 August 2024
Friday 16th August 2024: Technical Outlook and Review

Identified as swing low support, indicating a potential area where the price could find a strong base and push higher.

Technical Analysis
15 August 2024
Thursday 15th August 2024: Technical Outlook and Review

Identified as swing low support, suggesting a significant area where previous declines have found support.

Technical Analysis
14 August 2024
Wednesday 14th August 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: BearishOverall momentum of the chart:...

Technical Analysis
13 August 2024
Tuesday 13th August 2024: Technical Outlook and Review

Identified as an overlap support, indicating a level where the price may find buying interest and reverse upwards.

Technical Analysis
12 August 2024
Monday 12th August 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: BullishOverall momentum of the chart:...