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.
IC Markets Asia Fundamental Forecast | 16 June 2023
IC Markets Asia Fundamental Forecast | 16 June 2023 What happened […]
Thursday 15th June 2023: Nikkei at 30 year highs
Global Markets: News & Data: Markets Update: Asian stock markets are […]
IC Markets Europe Fundamental Forecast | 15 June 2023
IC Markets Europe Fundamental Forecast | 15 June 2023 What happened […]
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.
IC Markets Asia Fundamental Forecast | 15 June 2023
IC Markets Asia Fundamental Forecast | 15 June 2023 What happened […]
Wednesday 14th June 2023: Asian markets bolstered by two year low in US inflation
Global Markets: News & Data: Markets Update: Asian stock markets are […]
Wednesday 14th June 2023: Technical Outlook and Review
The DXY chart currently demonstrates bearish momentum, indicating a downward trend in price. There is a potential for a bearish continuation towards the first support level at 103.29. This support level represents an area of overlap support, suggesting its significance in potentially halting the downward movement.
IC Markets Europe Fundamental Forecast | 14 June 2023
IC Markets Europe Fundamental Forecast | 14 June 2023 What happened […]
