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Market Analysis

Technical Analysis
Wednesday 10th May 2023: Technical Outlook and Review

Currently, the DXY chart is seeing a multi-swing low support level at 101.02, which is a strong reason for its potential to be a good support level. Additionally, there is a swing low support level at 100.82, further reinforcing the strength of the support levels.

By IC Markets

Recent
IC Markets Asia Fundamental Forecast | 10 May 2023

IC Markets Asia Fundamental Forecast | 10 May 2023 What happened […]

By IC Markets

Recent
IC Markets Europe Fundamental Forecast | 9 May 2023

IC Markets Europe Fundamental Forecast | 9 May 2023 What happened […]

By IC Markets

Technical Analysis
Tuesday 9th May 2023: Technical Outlook and Review

The EUR/USD instrument. The overall momentum of the chart is currently bearish, and this is due to the possibility that the price may break below the ascending trendline, which could cause the price to drop towards the 1st support level.

By IC Markets

Recent
IC Markets Asia Fundamental Forecast | 9 May 2023

IC Markets Asia Fundamental Forecast | 9 May 2023 What happened […]

By IC Markets

Recent
IC Markets Europe Fundamental Forecast | 8 May 2023

IC Markets Europe Fundamental Forecast | 8 May 2023 What happened […]

By IC Markets

Technical Analysis
Monday 8th May 2023: Technical Outlook and Review

The first resistance level for the EUR/USD chart is located at 1.1033, which is a multi-swing high resistance level. This level is a good potential point for the price to react off of, and potentially drop towards the first support level at 1.0789. This level is an overlap support level and has the potential to push prices even lower.

By IC Markets

Recent
Tuesday 9th May 2023: Asian markets mixed as investors await US inflation data

Global Markets: News & Data: Markets Update: Asian markets ended Tuesday […]

By IC Markets

Recent
IC Markets Asia Fundamental Forecast | 8 May 2023

IC Markets Asia Fundamental Forecast | 8 May 2023 What happened […]

By IC Markets