Friday 19th May 2023: Technical Outlook and Review
The current momentum of the DXY chart is best described as weak bullish, although there is a level of uncertainty surrounding this assessment. It is important to emphasize that this analysis is based on the available data and indicators at this time.
IC Markets Asia Fundamental Forecast | 19 May 2023
IC Markets Asia Fundamental Forecast | 19 May 2023 What happened […]
IC Markets Europe Fundamental Forecast | 18 May 2023
IC Markets Europe Fundamental Forecast | 18 May 2023 What happened […]
Thursday 18th May 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently indicates bearish momentum, suggesting the potential for further downward movement. In the near term, there is a possibility of a bearish continuation towards the first support level at 102.24. This level is recognized as an overlap support and coincides with a 38.20% Fibonacci retracement, enhancing its significance.
IC Markets Asia Fundamental Forecast | 18 May 2023
IC Markets Asia Fundamental Forecast | 18 May 2023 What happened […]
IC Markets Europe Fundamental Forecast | 17 May 2023
IC Markets Europe Fundamental Forecast | 17 May 2023 What happened […]
Wednesday 17th May 2023: Technical Outlook and Review
In the context of the DXY, we're witnessing a weak bullish momentum with low confidence. This suggests a potential bullish continuation towards the 1st resistance, although we should be cautious due to the low confidence in the momentum.
IC Markets Asia Fundamental Forecast | 17 May 2023
IC Markets Asia Fundamental Forecast | 17 May 2023 What happened […]
IC Markets Europe Fundamental Forecast | 16 May 2023
IC Markets Europe Fundamental Forecast | 16 May 2023 What happened […]
