USD/JPY:

Looking at the H4 chart, my overall bias for USDJPY 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 level at 131.592, where the 61.8% Fibonacci line is. In an alternate scenario, price could possibly head back down to retest the 1st support at 127.215, where the previous swing low is.

Areas of consideration:

  • H4 time frame, 1st resistance at 131.592
  • H4 time frame, 1st support at 127.215

DXY:

Looking at the Daily chart, my overall bias for DXY 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 possibly continue heading towards the 1st support at 101.300, where the previous low is. . In an alternative scenario, price could head back up to retest the 1st resistance at 103.463, where the 23.6% Fibonacci line is.

Areas of consideration:

  • H4 time frame, 1st resistance at 103.463
  • H4 time frame, 1st support at 101.300

EUR/USD:

Looking at the Daily chart, my overall bias for EURUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market structure. To add confluence to this bias, price is also within an ascending channel. If this bullish momentum continues, expect the price to possibly continue heading towards the 1st resistance at 1.09445, where the 50% Fibonacci line is. In an alternate scenario, price could possibly head back down to retest the 1st support level at 1.07120, where the 50% Fibonacci line is.

Areas of consideration :

  • H4 1st resistance at 1.09445
  • H4 1st support at 1.07120

 GBP/USD:

Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the 1st resistance line at 1.24465, where the previous swing high is. In an alternate scenario, price could possibly head back down and retest the 1st support at 1.22889, where the 23.6% Fibonacci line is.

Areas of consideration:

  • H4  1st resistance at 1.24465
  • H4  1st support at 1.22889

USD/CHF:

Looking at the H4 chart, my overall bias for USDCHF is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market.  If the current bullish trend continues, expect the price to possibly continue to head towards the 1st resistance at 0.92673, where the 61.8% Fibonacci line is. In an alternative scenario, price could possibly head back down to retest the 1st support at 0.91588, where the 61.8% Fibonacci line is. 

Areas of consideration

  • H4 1st support at 0.91588
  • H4 1st resistance at 0.92673

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 possibly continue heading towards the 1st resistance at 1942.555, where the recent high is. In an alternative scenario, price could possibly head back down to retest the 1st support at 1921.450 where the 50% Fibonacci line is.

Areas of consideration: 

  • H4 time frame, 1st resistance at 1942.555
  • H4 time frame, 1st support at 1921.450

AUD/USD:

Looking at the H4 chart, we can see that the 1st support is at 0.68684 which is a strong overlap support. There is an ascending channel . the current price is now above the Ichimoku Cloud. Expecting the price is moving towards the  1st resistance is at 0.71353 which is recent swing high. 

Areas of consideration

  • H4. 1st resistance at 0.71353
  • H4, 1st support at 0.68684

NZD/USD:

Looking at the H4 chart, we can see that the 1st support is at 0.64127 which is overlap support that is in line with the  50% Fibonacci line. If the price breaks this level, we could see it drop to 2nd support is down at 0.63349. As the current price is above the Ichimoku cloud and there is an ascending trend line, which suggests bullish momentum. 

For the resistance, our 1st resistance is at 0.65147 which is a recent swing high resistance area. 

Areas of consideration:

  • H4 time frame, 1st resistance at 0.65147
  • H4 time frame, 1st support at 0.64102
  • H4 time frame, 2nd support at 0.63349

USD/CAD:

On the H4 chart, the 1st support is at 1.33474 which is an overlap support and recent swing low. 

In terms of resistance, the 1st resistance we can see is at 1.35208 which is the recent swing high. There is an intermediate resistance which is in line with 38.2% Fibonacci retracement at 1.35208. 

Areas of consideration:

  • H4 time frame,  1st resistance at 1.35208
  • H4 time frame. Intermediate resistance at 1.35208
  • H4 time frame, 1st support at 1.33474

OIL: 

Looking at the H4 chart, we can see that the 1st resistance is at 88.784 which is recent swing high. As the price is above the Ichimoku Cloud and uptrend line is suggesting the bulilish momentum. 

In terms of support, we can see our 1st support at 83.714 which is overlap support. Breaking this level would trigger a further drop to our 2nd support at 81.704.

Areas of consideration:

  • H4 time frame, 1st resistance at  88.784
  • H4 time frame,1st support at  83.714
  • Hr time frame, 2nd support at 81.704

Dow Jones Industrial Average:

On the H4 chart, the overall bias for DJI 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 possibly continue heading towards the 1st resistance line at 34712.28, where the recent swing high is. In an alternative scenario, price could possibly head back down towards the 1st support at 32581.97, slightly above where the 38.2% Fibonacci line is. 

Areas of consideration:

  • H4 time frame, 1st support at 32581.97
  • H4 time frame, 1st Resistance at 34712.28

DAX:

Looking at the Daily chart, my overall bias for DAX 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 head towards the 1st resistance line at 16295, where the previous swing high is. In an alternative scenario, price could possibly head down to retest the 1st support at 14597, where the 50% Fibonacci line is.

Areas of consideration:

  • H4 time frame, 1st resistance is at 16295
  • H4 time frame, 1st support is at 14597

ETHUSD:

Looking at the H4 chart, my overall bias for ETHUSD is bearish,  as there is an downside trend line. Expecting the price is move towards the 1st support  at 1509.92 which is overlap support. It is also line with 38.2% Fibonacci retracement. Once the price is break the 1st support, it will head towards 2nd support at 1436.41. The 1st resisitanace is at 1672.99 which is the recent swing high. 

Areas of consideration:

  • H4 time frame, 1st resistance of  1672.99
  • H4 time frame, 1st support at 1509.92
  • H4 time frame, 2nd  support at 1436.41

BTCUSD:

Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud, and there is an upside trend line, indicating a bullish market. If this bullish momentum continues, expect the price to possibly break the 1st resistance at 23316.84 which is the recent swing high. The 2nd resistance is at 25184.84. 

In an alternative scenario, the price could possibly head back down to retest the 1st support at 20200.64 which is in line with the 50% Fibonacci retracement. 

 Areas of consideration:

  • H4 time frame,  2nd resistance 25184.84
  • H4 time frame,  1st resistance 23316.84 
  • H4 time frame, 1st support at 20200.64

S&P 500:

Looking at the H4 chart, my overall bias for S&P500 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 4039.31, where the recent high is. In an alternative scenario, price could possibly head back down to break the 1st support at 3888.39, where the 50% Fibonacci line is, before heading towards the 2nd support at 3764.49, where the recent swing low is.

Areas of consideration:

  • H4 time frame, 1st support at 3888.39
  • H4 time frame, 2nd support at 3764.49
  • H4 time frame, 1st resistance at 4039.31

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Source: IC Markets Blog