Thursday 7th December 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart is currently exhibiting a bearish overall momentum, and there's a possibility of a bearish reaction off the 1st resistance level, leading to a potential drop towards the 1st support.
Wednesday 6th Dec 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently has a bearish overall momentum, and there's potential for a bearish continuation towards the 1st support level.
Tuesday 5th Dec 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently has a bearish overall momentum. Price could potentially continue this bearish trend towards the 1st support at 103.02, which is identified as an overlap support. This level may act as a significant area where buying interest could emerge and potentially provide some support for the DXY.
Monday 4th Dec 2023: Technical Outlook and Review
The EUR/USD chart currently exhibits a bullish overall momentum, suggesting potential price action where it may experience a bullish bounce off the 1st support and move towards the 1st resistance.
On the Wings of a Dove – Gold Hits New Record Highs
Gold surged to fresh all-time highs today as dovish comments from Federal Reserve Bank Chairman Jerome Powell on Friday led to more pressure on the US dollar.
Friday 1st Dec 2023: Technical Outlook and Review
The chart for DXY (US Dollar Index) displays a bullish overall momentum. Potential price action suggests a bullish bounce off the 1st support.
Wednesday 29th November 2023: Technical Outlook and Review
The DXY (US Dollar Index) could potentially make a Bearish continuation towards the 1st support. The 1st support at 102.30 is identified as a pullback support. This suggests that it's a significant level where buying interest may emerge, providing support for the DXY.
Tuesday 28th November 2023: Technical Outlook and Review
The DXY (US Dollar Index), the overall momentum of the chart is bearish, indicating a downward trend. The price could potentially continue its bearish movement towards the 1st support.
Monday 27th November 2023: Technical Outlook and Review
The DXY (Dollar Index), the overall momentum of the chart is weak bullish with low confidence, suggesting a tentative upward bias. There's a potential scenario where price could experience a bullish bounce off the 1st support and head towards the 1st resistance.
