Thursday 31st August 2023: Technical Outlook and Review
The current state of the DXY chart indicates a bullish momentum overall. There is a potential scenario where the price could experience a bullish rebound from the 1st support level and subsequently move towards the 1st resistance level.
Wednesday 30th August 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart is currently characterized by a bearish momentum, attributed to its break below an ascending support line, indicating the potential for a downward price movement. In this context, the chart could potentially witness a decline towards the 1st support level at 103.40.
Tuesday 29th Aug 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart is currently showing bullish overall momentum, suggesting a potential upward trend in the price. The price is above a major ascending trend line, indicating the possibility of further bullish movement, and it's also above the bullish Ichimoku cloud, which reinforces the bullish sentiment.
Monday 28th August 2023: Technical Outlook and Review
The DXY (U.S. Dollar Index) chart currently exhibits a bullish momentum. This suggests the possibility that the price could continue its bullish trajectory, aiming towards the first resistance level.
Friday 25th Aug 2023: Technical Outlook and Review
The DXY, which stands for the U.S. Dollar Index, is currently displaying a bullish momentum. One of the prominent indicators supporting this momentum is the fact that the price is maintaining a position above a significant ascending trend line.
Thursday 24th August 2023: Technical Outlook and Review
The XAU/USD (Gold to US Dollar) chart is currently showing a bullish momentum, suggesting a tendency for upward movement. In this context, there's a potential scenario where the price could experience a bullish continuation towards the 1st resistance at 1931.07.
Wednesday 23rd Aug 2023: Technical Outlook and Review
The WTI chart currently indicates a bearish momentum, suggesting a prevailing downward trend. There is potential for price to continue its downward movement towards the 1st support level at 78.83.
Tuesday 22nd August 2023: Technical Outlook and Review
The DXY chart currently displays a bearish momentum, suggesting a prevailing downward trend. Given this momentum, there is a potential scenario where the price could undergo a bearish breakout from the 1st support level at 103.20, potentially leading to a decline towards the 2nd support at 102.79.
Monday 21st August 2023: Technical Outlook and Review
The DXY chart currently displays a bearish momentum, suggesting a prevailing downward trend. Within this context, there's a potential scenario where the price could experience a bearish reaction upon reaching the 1st resistance level at 103.43. This level is significant as an overlap resistance, potentially causing a downward movement.
