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.
IC Markets Asia Fundamental Forecast | 21 June 2023
IC Markets Asia Fundamental Forecast | 21 June 2023 What happened […]
Wednesday 21st June 2023: Asian Markets Follow Global Markets Lower
Global Markets: News & Data: Markets Update: Asian stock markets are […]
IC Markets Europe Fundamental Forecast | 16 June 2023
IC Markets Europe Fundamental Forecast | 16 June 2023 What happened […]
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.
IC Markets Asia Fundamental Forecast | 16 June 2023
IC Markets Asia Fundamental Forecast | 16 June 2023 What happened […]
Thursday 15th June 2023: Nikkei at 30 year highs
Global Markets: News & Data: Markets Update: Asian stock markets are […]
IC Markets Europe Fundamental Forecast | 15 June 2023
IC Markets Europe Fundamental Forecast | 15 June 2023 What happened […]
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.
