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Technical Analysis

Technical Analysis
Thursday 9th November 2023: Technical Outlook and Review

The DXY chart currently displays a bearish overall momentum, indicating the potential for a bearish continuation towards the 1st support level.

By IC Markets Global

Technical Analysis
Wednesday 8th November 2023: Technical Outlook and Review

The DXY (US Dollar Index) chart currently exhibits a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance level, followed by a drop towards the 1st support level.

By IC Markets Global

Technical Analysis
Tuesday 7th November 2023: Technical Outlook and Review

The DXY (US Dollar Index) chart currently has a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance and a drop towards the 1st support.

By IC Markets Global

Technical Analysis
Monday 6th November 2023: Technical Outlook and Review

The DXY (US Dollar Index) chart currently has a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance level and a drop towards the 1st support.

By IC Markets Global

Technical Analysis
Friday 3rd November 2023: Technical Outlook and Review

The DXY (US Dollar Currency Index) chart currently has a neutral overall momentum, indicating a lack of a strong directional bias. In this situation, it's suggested that the price could potentially fluctuate between the 1st support and 1st resistance levels.

By IC Markets Global

Technical Analysis
Thursday 2nd November 2023: Technical Outlook and Review

The XAU/USD (Gold/US Dollar) chart currently exhibits a bearish overall momentum. However, there's a potential short-term bullish scenario in which the price could bounce off the 1st support at 1977.14, which is identified as an overlap support.

By IC Markets Global

Technical Analysis
Tuesday 31st October 2023: Technical Outlook and Review

The DXY chart currently indicates a bullish momentum, suggesting the potential for a bullish continuation towards the 1st resistance.

By IC Markets Global

Technical Analysis
Monday 30th October 2023: Technical Outlook and Review

The DXY chart currently exhibits bullish momentum, suggesting the potential for a bullish continuation towards the 1st resistance.

By IC Markets Global

Technical Analysis
Friday 27th October 2023: Technical Outlook and Review

The chart for DXY (US Dollar Index) currently shows a bearish momentum, suggesting the potential for a bearish continuation towards the 1st support level at 106.02. This support level is considered significant as it aligns with a pullback support and coincides with the 61.80% Fibonacci Retracement level, making it a strong potential support zone.

By IC Markets Global

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