Wednesday 2nd Aug 2023: Technical Outlook and Review
The DXY financial instrument is currently demonstrating bullish momentum, suggesting a potential bullish continuation towards the first resistance level at 102.77.
IC Markets Asia Fundamental Forecast | 2 August 2023
IC Markets Asia Fundamental Forecast | 2 August 2023 What happened […]
Tuesday 1st Aug 2023: Asia-Pacific Markets Rise Despite China’s Factory Activity Contraction
Global Markets: News & Data: Markets Update: Asia-Pacific markets saw a […]
IC Markets Europe Fundamental Forecast | 1 August 2023
IC Markets Europe Fundamental Forecast | 1 August 2023 What happened […]
Tuesday 1st Aug 2023: Technical Outlook and Review
The DXY is showing a bearish trend, with the possibility of a bearish reaction off the 1st resistance level at 102.00 that could lead the price to drop towards the 1st support level at 101.46. This resistance level is significant due to its role as an overlap resistance and its alignment with the 61.80% Fibonacci retracement and 78.60% Fibonacci projection levels, suggesting a Fibonacci confluence.
IC Markets Asia Fundamental Forecast | 1 August 2023
IC Markets Asia Fundamental Forecast | 1 August 2023 What happened […]
Monday 31st July 2023: Asia-Pacific Markets Rise Despite Lingering Contraction in Chinese Factory Activity
Global Markets: News & Data: Markets Update: Asia-Pacific markets rose on […]
IC Markets Europe Fundamental Forecast | 31 July 2023
IC Markets Europe Fundamental Forecast | 31 July 2023 What happened […]
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.
