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Technical Analysis

Technical Analysis
Monday 4th September 2023: Technical Outlook and Review

The DXY chart is currently showing a bullish overall momentum, suggesting an upward trend in the price movement. This bullish sentiment is reinforced by the fact that the price is within a bullish ascending channel, indicating a potential continuation of the upward trajectory.

By IC Markets Global

Technical Analysis
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.

By IC Markets Global

Technical Analysis
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.

By IC Markets Global

Technical Analysis
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.

By IC Markets Global

Technical Analysis
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.

By IC Markets Global

Technical Analysis
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.

By IC Markets Global

Technical Analysis
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.

By IC Markets Global

Technical Analysis
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.

By IC Markets Global

Technical Analysis
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.

By IC Markets Global