Monday 26th June 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart demonstrates a bearish momentum, indicated by the price being below a major descending trend line, suggesting the potential for continued downward movement.
Friday 23rd June 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart exhibits a bearish momentum as indicated by two factors. Firstly, the price is currently positioned below the bearish Ichimoku cloud, reflecting a prevailing bearish sentiment in the market.
Thursday 22nd June 2023: Technical Outlook and Review
The DXY chart indicates a bearish momentum with the potential for a bearish continuation towards the first support at 102.10, which is a multi-swing low support, and the second support at 101.69, serving as an overlap support and aligning with the 145.00% Fibonacci Extension.
Wednesday 21st June 2023: Technical Outlook and Review
On the upside, the first resistance at 102.75 represents a pullback resistance, coinciding with the 38.20% Fibonacci Retracement level. Additionally, 2nd resistance at 103.33 acts as an overlap resistance, reinforcing its significance, as it aligns with the 78.60% Fibonacci Retracement level.
Friday 16th June 2023: Technical Outlook and Review
The XAU/USD chart currently demonstrates a bearish momentum, characterized by its movement within a descending channel. This suggests a prevailing downward trend in the market. There is a potential for a bearish reaction at the first resistance level of 1966.26, indicating a likelihood of price reversal and a subsequent decline towards the first support level at 1933.95.
Thursday 15th June 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently shows a bearish momentum, indicating a downward trend in price. Several factors contribute to this momentum. Firstly, the price is below a major descending trend line, suggesting that bearish momentum is likely to continue. Additionally, the price is below the bearish Ichimoku cloud, further reinforcing the bearish sentiment.
Wednesday 14th June 2023: Technical Outlook and Review
The DXY chart currently demonstrates bearish momentum, indicating a downward trend in price. There is a potential for a bearish continuation towards the first support level at 103.29. This support level represents an area of overlap support, suggesting its significance in potentially halting the downward movement.
Tuesday 13th June 2023: Technical Outlook and Review
The DXY chart currently demonstrates bearish momentum, indicating a downward trend in price. There is a potential for a bearish continuation towards the first support level at 103.29. This support level represents an area of overlap support, suggesting its significance in potentially halting the downward movement.
Monday 12th June 2023: Technical Outlook and Review
The DXY chart shows a bearish overall momentum, supported by the fact that the price is below a major descending trend line, indicating a potential continuation of bearish momentum.
