IC Markets Europe Fundamental Forecast | 31 January 2023

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What happened across the Asia session? Most major currencies continued to lose ground against the DXY during the Asia session, with Gold trading significantly lower as the DXY strengthened.   What does it mean for Europe and US Sessions? Look for a possible brief retracement on the DXY with increased volatility across the major currencies pairs.  … Continue reading IC Markets Europe Fundamental Forecast | 31 January 2023

Tuesday 31st January 2023 : Technical Outlook and Review

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If this bullish momentum continues, expect the price to continue heading towards the 1st resistance at 4119.97, where the 78.6% Fibonacci line 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.

IC Markets Europe Fundamental Forecast | 30 January 2023

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What happened across the Asia session? The major currencies traded slightly lower against the DXY during the Asia session.   What does it mean for Europe and US Sessions? Look for further DXY strength and increased volatility across the major currencies pairs.  The Dollar Index (DXY)  Key news events today No major news events.  What can … Continue reading IC Markets Europe Fundamental Forecast | 30 January 2023