Tuesday 13th 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 Asia Fundamental Forecast | 13 June 2023
IC Markets Asia Fundamental Forecast | 13 June 2023 What happened […]
Monday 12th June 2023: Asian markets near 2 month highs
Global Markets: News & Data: Markets Update: China’s lackluster economic recovery […]
Monday 12th June 2023: Technical Outlook and Review
The DXY chart shows a bearish overall momentum, supported by the fact that the price is below a major descending trend line, indicating a potential continuation of bearish momentum.
IC Markets Europe Fundamental Forecast | 9 June 2023
IC Markets Europe Fundamental Forecast | 9 June 2023 What happened […]
IC Markets Asia Fundamental Forecast | 12 June 2023
IC Markets Asia Fundamental Forecast | 12 June 2023 What happened […]
Friday 9th June 2023: Asian markets led by Nikkei rebound
The U.S. dollar index, which measures the currency against a basket of six major peers, was little changed at 103.34, sticking close to the more than two-week low of 103.29 reached on Thursday. Crude oil remained on the back foot on Friday following a report that the United States and Iran were close to a nuclear deal, although denials from both parties
Friday 9th June 2023: Technical Outlook and Review
Considering this bearish scenario, there is a possibility for a continuation of the downward trend towards the first support level at 102.80. This level holds importance as it coincides with a 50% Fibonacci retracement level and acts as an overlap support level.
IC Markets Asia Fundamental Forecast | 9 June 2023
IC Markets Asia Fundamental Forecast | 9 June 2023 What happened […]
