Monday 24th April 2023 : Technical Outlook and Review
DXY: The DXY chart is currently exhibiting a neutral momentum, indicating […]
Friday 21th April 2023 : Technical Outlook and Review
The 1st support level for DXY is at 101.51, which is an overlap support and also lines up with the 38.2% Fibonacci retracement level. This level has proven to be a strong support in the past. If the price were to drop from the current level, it could potentially reach this support level.
Thursday 20th April 2023: Technical Outlook and Review
Gold (XAU/USD) continues to show a bearish momentum on the chart. Currently, the price is expected to break below the 1st support level and drop towards the 2nd support level. The 1st support level is at 1982.58, which is a good level because it is an overlap support.
Wednesday 19th April 2023: Technical Outlook and Review
The US Dollar Index (DXY) is currently experiencing a bearish momentum with a potential for further downward movement. The first support level is at 101.51, which is an overlap support and coincides with the 50% Fibonacci retracement level. The second support level is at 100.86, which is a multi-swing low support level.
Tuesday 18th April 2023: Technical Outlook and Review
The XAU/USD chart is currently showing bullish momentum, and the price could potentially drop in the short term towards the 1st support at 1997.12, which is a strong overlap support level and also aligns with the 23.6% Fibonacci retracement level.
Monday 17th April 2023: Technical Outlook and Review
The XAU/USD chart is currently showing bullish momentum, and the price could potentially drop in the short term towards the 1st support at 1997.12, which is a strong overlap support level and also aligns with the 23.6% Fibonacci retracement level.
Friday 14th April 2023: Technical Outlook and Review
The EUR/USD chart is currently bullish, which suggests that we may see further price increases in the near future. At the time of writing, the price is trading around 1.0985. If the bullish trend continues, the price could potentially make a bullish continuation towards the 1st resistance level of 1.1022.
Thursday 13th April 2023: Technical Outlook and Review
DXY: The momentum of the DXY chart is currently bearish, which […]
Wednesday 12th April 2023: Technical Outlook and Review
Gold prices have been showing a bullish momentum, being above the Ichimoku cloud and an ascending trend line. This suggests that prices may rise further. In the short term, prices could potentially make a bullish continuation towards the 1st resistance level.
