Monday 10th July 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently demonstrates a bearish momentum, indicating a downward bias in the market. This is supported by the price being below a major descending trend line, which suggests the potential continuation of the bearish trend.
Friday 7th July 2023: Technical Outlook and Review
The DXY chart indicates a prevailing bearish momentum, implying a likelihood of further downward movement in the market. The price has the potential for a bearish continuation, targeting the 1st support level located at 102.75.
Thursday 6th July 2023: Technical Outlook and Review
The DXY (U.S. Dollar Index) chart demonstrates a bullish momentum, with price above a major ascending trendline and the bullish Ichimoku cloud. There is potential for the price to drop further towards the 1st support level in the short term before bouncing and rising towards the 1st resistance level.
Wednesday 5th July 2023: Technical Outlook and Review
The DXY (U.S. Dollar Index) chart demonstrates a bullish momentum, with price above a major ascending trend line acting as strong support. There is a potential for a bullish continuation towards the 1st resistance level at 103.30, which is an overlap resistance.
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.
Friday 30th 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.
