Monday 31st July 2023: Technical Outlook and Review
The DXY is demonstrating a bearish trend at the moment, being positioned below a significant descending trend line. This suggests the potential for a continuation of bearish momentum. The likelihood is that price could potentially continue its bearish move towards the 1st support, located at 99.66. This support level has credibility due to its history as a multi-swing low support.
IC Markets Asia Fundamental Forecast | 31 July 2023
IC Markets Asia Fundamental Forecast | 31 July 2023 What happened […]
Friday 28th July 2023: Asian Markets Witness Varied Trends as Japan Adjusts Yield Curve Control Policy
Global Markets: News & Data: Markets Update: In the Asian market, […]
Friday 28th July 2023: Technical Outlook and Review
The XAU/USD pair, the chart's overall momentum is bearish. Consequently, we could potentially witness a bearish reaction off the 1st resistance level, which would then cause the price to drop towards the 1st support level.
IC Markets Europe Fundamental Forecast | 28 July 2023
IC Markets Europe Fundamental Forecast | 28 July 2023 What happened […]
IC Markets Asia Fundamental Forecast | 28 July 2023
IC Markets Asia Fundamental Forecast | 28 July 2023 What happened […]
Thursday 27th July 2023: Asia-Pacific Shares Mostly Rise After U.S. Federal Reserve Raises Rates
Global Markets: News & Data: Markets Update: Asia-Pacific shares witnessed a […]
IC Markets Europe Fundamental Forecast | 27 July 2023
IC Markets Europe Fundamental Forecast | 27 July 2023 What happened […]
Thursday 27th July 2023: Technical Outlook and Review
The DXY instrument is currently showing a bearish overall momentum. It's predicted that the price could potentially make a bearish reaction off the 1st resistance and drop to the 1st support level. The 1st support is located at 100.39 and is seen as good due to its quality as a pullback support and its position at the 61.80% Fibonacci retracement level.
