Tuesday 4th July 2023: Technical Outlook and Review
The BTC/USD instrument currently demonstrates a bullish momentum. The contributing factors suggest that the price could potentially continue its bullish trend towards the 1st resistance.
Monday 3rd July 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart exhibits a bearish momentum, indicated by the price being below a major descending trend line, suggesting the potential for further downward movement. The price is currently testing this descending trend line, which acts as a resistance.
US Independence Day Holiday Trading Schedule 2023
Dear Trader, Please find our Updated trading schedule for the US Independence Day Holiday on Tuesday, 4th July 2023 below. All times mentioned below are Platform time (GMT +3).
Friday 29th June 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently exhibits a neutral momentum, suggesting a lack of clear direction. There is a possibility for the price to fluctuate between the 1st support level at 103.047, which is an overlap support and coincides with the 38.2% Fibonacci Retracement.
Wednesday 28th June 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently exhibits a neutral momentum, suggesting a lack of clear direction. There is a possibility for the price to fluctuate between the 1st support level at 102.27, which is an overlap support and coincides with the 61.80% Fibonacci Retracement and 100% Fibonacci Projection, indicating Fibonacci confluence, and the 1st resistance level at 102.70, which represents an overlap resistance.
Tuesday 27th June 2023: Technical Outlook and Review
The BTC/USD (Bitcoin) chart currently exhibits a neutral momentum, indicating a lack of clear direction in the market. There is a possibility of price fluctuating between the 1st resistance level at 30996.00, which acts as a pullback resistance, and the 1st support level at 29826.00.
Monday 26th June 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart demonstrates a bearish momentum, indicated by the price being below a major descending trend line, suggesting the potential for continued downward movement.
Friday 23rd June 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart exhibits a bearish momentum as indicated by two factors. Firstly, the price is currently positioned below the bearish Ichimoku cloud, reflecting a prevailing bearish sentiment in the market.
Thursday 22nd June 2023: Technical Outlook and Review
The DXY chart indicates a bearish momentum with the potential for a bearish continuation towards the first support at 102.10, which is a multi-swing low support, and the second support at 101.69, serving as an overlap support and aligning with the 145.00% Fibonacci Extension.
