{"id":54468,"date":"2022-05-26T13:26:51","date_gmt":"2022-05-26T03:26:51","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=54468"},"modified":"2022-05-26T13:26:51","modified_gmt":"2022-05-26T03:26:51","slug":"26th-may-2022-thursday-technical-outlook-and-review","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/26th-may-2022-thursday-technical-outlook-and-review\/","title":{"rendered":"26th May 2022 Thursday: Technical Outlook and Review"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">DXY:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">On the H4, <\/span><span style=\"font-weight: 400;\">with prices below the ichimoku indicator and past the bollinger band\u2019s basis line in a downtrend, we have a bearish bias that price will drop to our 1st support at 101.560 where the horizontal swing low support, 127.2% Fibonacci extension and 50% Fibonacci retracement are from our 1st resistance at 102.348 in line with the horizontal overlap resistance and 23.6% fibonacci retracement. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 102.738 where the horizontal pullback resistance and 38.2% fibonacci retracement are.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at <\/span><span style=\"font-weight: 400;\">102.348<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at <\/span><span style=\"font-weight: 400;\">101.560<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/DXY_2022-05-26_09-17-11.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-54472\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/DXY_2022-05-26_09-17-11-1024x575.png\" alt=\"\" width=\"660\" height=\"371\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/DXY_2022-05-26_09-17-11-1024x575.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/DXY_2022-05-26_09-17-11-300x168.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/DXY_2022-05-26_09-17-11-768x431.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/DXY_2022-05-26_09-17-11.png 1537w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">XAU\/USD (GOLD):\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with prices moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 1853.94 where the horizontal overlap support is to our 1st resistance at 1884.14 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 1832.57 where the horizontal overlap support, 61.8% fibonacci retracement and 61.8% fibonacci projection.<\/span><\/p>\n<p><b>Areas of consideration:\u00a0<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame<\/span><span style=\"font-weight: 400;\">, 1st Resistance at 1884.14<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st Support at <\/span><span style=\"font-weight: 400;\">1853.94<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/XAUUSD_2022-05-26_09-06-10.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-54479\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/XAUUSD_2022-05-26_09-06-10-1024x545.png\" alt=\"\" width=\"660\" height=\"351\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/XAUUSD_2022-05-26_09-06-10-1024x545.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/XAUUSD_2022-05-26_09-06-10-300x160.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/XAUUSD_2022-05-26_09-06-10-768x409.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/XAUUSD_2022-05-26_09-06-10.png 1537w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">GBP\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 1.24854 where the horizontal swing low support and 23.6% fibonacci retracement to our 1st resistance at <\/span><span style=\"font-weight: 400;\">1.26302<\/span><span style=\"font-weight: 400;\"> in line with the 50% Fibonacci retracement, 100% fibonacci projectiohn and swing high resistance. Alternatively, price may break 1st support structure and head for 2nd support at 1.23931 where the horizontal overlap support and 50% Fibonacci retracement are.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st resistance at <\/span><span style=\"font-weight: 400;\">1.26302<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support at <\/span><span style=\"font-weight: 400;\">1.24854<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/GBPUSD_2022-05-26_09-54-04.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-54474\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/GBPUSD_2022-05-26_09-54-04-1024x584.png\" alt=\"\" width=\"660\" height=\"376\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/GBPUSD_2022-05-26_09-54-04-1024x584.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/GBPUSD_2022-05-26_09-54-04-300x171.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/GBPUSD_2022-05-26_09-54-04-768x438.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/GBPUSD_2022-05-26_09-54-04.png 1534w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">USD\/CHF:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at <\/span><span style=\"font-weight: 400;\">0.95223 <\/span><span style=\"font-weight: 400;\">where the 61.8% Fibonacci retracement is from our 1st resistance at 0.96673 in line with the pullback resistance. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 0.97525 where the swing high resistance is.<\/span><\/p>\n<p><b>Areas of consideration<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">1st support level at 0.95223<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">1st resistance level at<\/span> <span style=\"font-weight: 400;\">\u00a00.96673<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/USDCHF_2022-05-26_09-38-27.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-54477\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/USDCHF_2022-05-26_09-38-27-1024x463.png\" alt=\"\" width=\"660\" height=\"298\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/USDCHF_2022-05-26_09-38-27-1024x463.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/USDCHF_2022-05-26_09-38-27-300x136.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/USDCHF_2022-05-26_09-38-27-768x348.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/USDCHF_2022-05-26_09-38-27.png 1989w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">EUR\/USD :<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at <\/span><span style=\"font-weight: 400;\">1.07719 <\/span><span style=\"font-weight: 400;\">where the 50% Fibonacci retracement is from our 1st support at 1.06421 in line with the pullback support. Alternatively, price may break 1st support structure and head for 2nd support at 1.05926 where the horizontal pullback support is.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Areas of consideration :<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st resistance at <\/span><span style=\"font-weight: 400;\">1.07719<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support at<\/span><span style=\"font-weight: 400;\"> 1.06421<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/EURUSD_2022-05-26_09-38-35.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-54473\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/EURUSD_2022-05-26_09-38-35-1024x463.png\" alt=\"\" width=\"660\" height=\"298\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/EURUSD_2022-05-26_09-38-35-1024x463.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/EURUSD_2022-05-26_09-38-35-300x136.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/EURUSD_2022-05-26_09-38-35-768x348.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/EURUSD_2022-05-26_09-38-35.png 1989w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">USD\/JPY:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with prices moving below the ichimoku indicator and the stochastic indicator moving in a downtrend channel, we have a bearish bias that price will drop from our 1st resistance at 127.699 where the horizontal overlap resistance and 23.6% fibonacci retracement are to our 1st support at <\/span><span style=\"font-weight: 400;\">127.028<\/span><span style=\"font-weight: 400;\"> in line with the overlap support. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 128.070 where the horizontal overlap resistance, 38.2% fibonacci retracement and 38.2% Fibonacci retracement are.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at <\/span><span style=\"font-weight: 400;\">127.699<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at <\/span><span style=\"font-weight: 400;\">127.028<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/USDJPY_2022-05-26_10-19-41.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-54478\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/USDJPY_2022-05-26_10-19-41-1024x581.png\" alt=\"\" width=\"660\" height=\"374\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/USDJPY_2022-05-26_10-19-41-1024x581.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/USDJPY_2022-05-26_10-19-41-300x170.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/USDJPY_2022-05-26_10-19-41-768x436.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/USDJPY_2022-05-26_10-19-41.png 1537w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">AUD\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with price moving above the ichimoku cloud and price breakout from the descending trendline, we have a bullish bias that price will rise to our 1st resistance at <\/span><span style=\"font-weight: 400;\">0.72568 <\/span><span style=\"font-weight: 400;\">where the 50% Fibonacci retracement is from our 1st support at 0.70495 in line with the horizontal pullback support. Alternatively, price may break structure and head for 2nd support at 0.69518 where the horizontal pullback support is.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Areas of consideration\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st resistance at <\/span><span style=\"font-weight: 400;\">0.72568<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support at <\/span><span style=\"font-weight: 400;\">0.70495<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/AUDUSD_2022-05-26_09-37-42.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-54470\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/AUDUSD_2022-05-26_09-37-42-1024x463.png\" alt=\"\" width=\"660\" height=\"298\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/AUDUSD_2022-05-26_09-37-42-1024x463.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/AUDUSD_2022-05-26_09-37-42-300x136.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/AUDUSD_2022-05-26_09-37-42-768x348.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/AUDUSD_2022-05-26_09-37-42.png 1989w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">NZD\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at <\/span><span style=\"font-weight: 400;\">0.65455 <\/span><span style=\"font-weight: 400;\">where the 38.2% Fibonacci retracement and swing high resistance are from our 1st support at 0.64103 in line with the pullback support. Take note of intermediary support at 0.63729 where the overlap support is. Alternatively, price may break structure and head for 2nd support at 0.62926 where the swing low support is.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at<\/span> <span style=\"font-weight: 400;\">0.64103<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at <\/span><span style=\"font-weight: 400;\">0.65455<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/NZDUSD_2022-05-26_09-38-17.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-54475\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/NZDUSD_2022-05-26_09-38-17-1024x463.png\" alt=\"\" width=\"660\" height=\"298\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/NZDUSD_2022-05-26_09-38-17-1024x463.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/NZDUSD_2022-05-26_09-38-17-300x136.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/NZDUSD_2022-05-26_09-38-17-768x348.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/NZDUSD_2022-05-26_09-38-17.png 1989w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">USD\/CAD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with price moving below the ichimoku, we have a bearish bias that price will drop from our 1st resistance at 1.29039 where the horizontal overlap resistance and 38.2% Fibonacci retracement is to our 1st support at <\/span><span style=\"font-weight: 400;\">1.27122<\/span><span style=\"font-weight: 400;\"> in line with the swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 1.29667 where the horizontal overlap resistance and 61.8% Fibonacci retracement are.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at 1.29039<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at <\/span><span style=\"font-weight: 400;\">1.27122<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/USDCAD_2022-05-26_09-38-07.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-54476\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/USDCAD_2022-05-26_09-38-07-1024x463.png\" alt=\"\" width=\"660\" height=\"298\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/USDCAD_2022-05-26_09-38-07-1024x463.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/USDCAD_2022-05-26_09-38-07-300x136.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/USDCAD_2022-05-26_09-38-07-768x348.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/USDCAD_2022-05-26_09-38-07.png 1989w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">OIL:<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with price expected to bounce off the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 115.33 where the swing high resistance is from our 1st support at <\/span><span style=\"font-weight: 400;\">108.99 <\/span><span style=\"font-weight: 400;\">in line with the swing low support, 38.2% fibonacci retracement and 61.8%% fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 104.47 where the horizontal swing low support,\u00a0 50% fibonacci retracement and 61.8%% fibonacci retracement is.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance of <\/span><span style=\"font-weight: 400;\">115.33<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support of <\/span><span style=\"font-weight: 400;\">108.99<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/CL1_2022-05-26_09-37-49.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-54471\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/CL1_2022-05-26_09-37-49-1024x463.png\" alt=\"\" width=\"660\" height=\"298\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/CL1_2022-05-26_09-37-49-1024x463.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/CL1_2022-05-26_09-37-49-300x136.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/CL1_2022-05-26_09-37-49-768x348.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/CL1_2022-05-26_09-37-49.png 1989w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">Dow Jones Industrial Average:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">On the H4, with price expected to bounce off the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 32696 where the swing high resistance is from our 1st support at <\/span><span style=\"font-weight: 400;\">31886 <\/span><span style=\"font-weight: 400;\">in line with the pullback support, 78.6% fibonacci retracement and 61.8%% fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 31491 where the horizontal swing low support is.<\/span><\/p>\n<p><b>Areas of consideration :\u00a0<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at <\/span><span style=\"font-weight: 400;\">31886<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at\u00a0 30723<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/YM1_2022-05-26_09-39-11.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-54480\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/YM1_2022-05-26_09-39-11-1024x463.png\" alt=\"\" width=\"660\" height=\"298\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/YM1_2022-05-26_09-39-11-1024x463.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/YM1_2022-05-26_09-39-11-300x136.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/YM1_2022-05-26_09-39-11-768x348.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/05\/YM1_2022-05-26_09-39-11.png 1989w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com.au, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user\u2019s software, hardware, data or property.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the H4, with price expected to bounce off the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 32696 where the swing high resistance is from our 1st support at 31886 in line with the pullback support, 78.6% fibonacci retracement and 61.8%% fibonacci retracement. <\/p>\n","protected":false},"author":8,"featured_media":54469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[340,215,339,195],"tags":[],"class_list":["post-54468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-posts","category-market-analysis","category-recent-posts","category-technical-analysis"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/54468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=54468"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/54468\/revisions"}],"predecessor-version":[{"id":54481,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/54468\/revisions\/54481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/54469"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=54468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=54468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=54468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}