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Technical Analysis
Monday 13th March 2023: Technical Outlook and Review

Price has reversed nicely from our 1st support at 1805. Currently, the price is testing our 1st resistance at 181 which lines up with the 50% Fibonacci retracement. If the price were to reverse from this resistance, it could drop to our 1st support at 1805. Our 2nd support is at 1734, which is overlap support.

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Technical Analysis
Friday 10th March 2023: Technical Outlook and Review

Price has reversed from 1st resistance area of 105.82, which is an overlap resistance. it could potentially drop to our 1st support at 103.80, which has the 38.2% Fibonacci retracement.  The next support level is at 102.79, which is an overlap support that lines up with the 61.8% Fibonacci retracement. Do take of our intermediate support at 105.02

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Recent
Thursday 9th March 2023: Asian Stocks See Mixed Results Amidst Global Rate and Inflation Concerns

Global Markets: News & Data: Markets Update: Asian stocks ended mixed […]

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Technical Analysis
Thursday 9th March 2023: Technical Outlook and Review

Price is testing our 1st support level at 1804, which is an overlap support. If the price were to break from this level, we could see it drop back down to the 2nd support level at 1785, which is a major overlap support.

By IC Markets

Technical Analysis
Wednesday 8th March 2023: Technical Outlook and Review

The price is approaching our 1st support level at 1804, which is an overlap support. If the price were to break from this level, we could see it drop back down to the 2nd support level at 1785, which is a major overlap support.

By IC Markets

Recent
Tuesday 7th March 2023: Optimism in Asian Equities as Investors Eye Powell’s Testimony and Economic Indicators

Global Markets: News & Data: Markets Update: Asian equities gained ground […]

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Technical Analysis
Tuesday 7th March 2023: Technical Outlook and Review

We’re seeing price test major resistance at 80.81 which is a recent swing high resistance. It is worth noting that price is seeing a recent ascending support line suggesting that there might be bullish momentum.

By IC Markets

Technical Analysis
Monday 6th March 2023: Technical Outlook and Review

Price has bounced off from our first support and it could potentially push up to our first resistance level at 1880 with the 50% Fibonacci retracement. However, if the price were to break, it could push up to our second resistance level at 1907 with the 61.8% Fibonacci retracement.

By IC Markets

Recent
IC Markets Europe Fundamental Forecast | 03 March 2023

What happened across the Asia session? During the session, the Tokyo […]

By IC Markets