Tuesday 23nd May 2023: Technical Outlook and Review
The DXY chart is currently bearish, with the price trading below a major descending trend line, suggesting further bearish momentum could be on the cards. The price could potentially continue downwards to the 1st support level. The 1st support is at 100.77, serving as a multi-swing low support, which could be a strong level of buying interest.
Thursday 25th May 2023: China’s reopening lifts North Asian equities; oil and gold retreat
Global Markets: News & Data: Markets Update: Asian equity markets ended […]
IC Markets Asia Fundamental Forecast | 23 May 2023
IC Markets Asia Fundamental Forecast | 23 May 2023 What happened […]
Monday 22nd May 2023: Asian Markets mixed on dead ceiling worries
Global Markets: News & Data: Markets Update: Asian markets traded mixed […]
IC Markets Europe Fundamental Forecast | 19 May 2023
IC Markets Europe Fundamental Forecast | 19 May 2023 What happened […]
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.
