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.
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.
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.
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.
