Friday 3rd November 2023: Technical Outlook and Review
The DXY (US Dollar Currency Index) chart currently has a neutral overall momentum, indicating a lack of a strong directional bias. In this situation, it's suggested that the price could potentially fluctuate between the 1st support and 1st resistance levels.
Thursday 2nd November 2023: Technical Outlook and Review
The XAU/USD (Gold/US Dollar) chart currently exhibits a bearish overall momentum. However, there's a potential short-term bullish scenario in which the price could bounce off the 1st support at 1977.14, which is identified as an overlap support.
Tuesday 31st October 2023: Technical Outlook and Review
The DXY chart currently indicates a bullish momentum, suggesting the potential for a bullish continuation towards the 1st resistance.
Monday 30th October 2023: Technical Outlook and Review
The DXY chart currently exhibits bullish momentum, suggesting the potential for a bullish continuation towards the 1st resistance.
Friday 27th October 2023: Technical Outlook and Review
The chart for DXY (US Dollar Index) currently shows a bearish momentum, suggesting the potential for a bearish continuation towards the 1st support level at 106.02. This support level is considered significant as it aligns with a pullback support and coincides with the 61.80% Fibonacci Retracement level, making it a strong potential support zone.
Thursday 26th October 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently exhibits a bullish overall momentum, indicating the potential for a bullish continuation towards the 1st resistance level.
Wednesday 25th October 2023: Technical Outlook and Review
The DXY chart currently maintains a bearish overall momentum, suggesting the potential for a bearish continuation towards the 1st support level.
Tuesday 24th October 2023: Technical Outlook and Review
The EUR/USD chart currently has a bullish overall momentum, and there is a potential scenario for a bullish continuation towards the 1st resistance level.
Monday 23rd October 2023: Technical Outlook and Review
The EUR/USD chart currently exhibits a bearish momentum, with price positioned below the bearish Ichimoku cloud. There's a potential scenario where price could experience a bearish reaction off the 1st resistance and drop towards the 1st support.
