Monday 7th Aug 2023: Technical Outlook and Review
The DXY (US Dollar Index) is currently demonstrating a bearish momentum on the chart, which is driven by its position below a major descending trend line, indicating a potential continuation of the bearish movement.
UK Summer Bank Holiday Schedule – 2023
Dear Trader, Please find our updated trading schedule for the UK Summer Bank Holiday on Monday, 28th August, 2023. All times mentioned below are Platform time (GMT+3)
Assumption Day Trading Schedule 2023
Dear Trader, Please find our updated trading schedule for the Assumption Day Holiday Schedule on Tuesday August 15th, 2023. All times mentioned below are Platform time (GMT +3)
South Africa – National Women’s Day Trading Schedule 2023
Dear Trader, Please find our updated trading schedule for the South Africa - National Women's Day on Wednesday August 09th, 2023. All times mentioned below are Platform time
Canada Civic Holiday Trading Schedule 2023
Dear Trader, Please find our updated trading schedule for the Canada Civic Day Holiday on Monday August 07th, 2023. All times mentioned below are Platform time
Friday 4th Aug 2023: Technical Outlook and Review
The DXY instrument is currently in a bearish trend, with a potential for a bearish continuation towards the 1st support level at 102.00. This support level serves as a pullback support and aligns with the 23.60% Fibonacci Retracement level.
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.
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.
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.
