Technical Analysis

Technical Analysis

Wednesday 8th May 2024: Technical Outlook and Review

Price is rising towards the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support.

By IC Markets

Technical Analysis

Tuesday 30th April 2024: Technical Outlook and Review

Pullback support at the 61.80% Fibonacci Retracement level, indicating a significant level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bearish momentum.

By IC Markets

Technical Analysis

Friday 12th April 2024: Technical Outlook and Review

Acts as an Overlap resistance, indicating a key level where buying interest might intensify, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.

By IC Markets

Technical Analysis

Thursday 11th April 2024: Technical Outlook and Review

Acts as Pullback resistance with a 127.20% Fibonacci Extension, indicating a key level where selling pressure might intensify, suggesting a potential turning point for the price to reverse and move downwards despite the prevailing bullish trend.

By IC Markets

Technical Analysis

Friday 16th February 2024: Technical Outlook and Review

The DXY chart currently demonstrates a bullish overall momentum. There's a potential scenario where the price may drop further to the 1st support in the short term before bouncing from there and rising to the 1st resistance.

By IC Markets

Technical Analysis

Friday 2nd February 2024: Technical Outlook and Review

The DXY (US Dollar Index) chart currently exhibits a neutral overall momentum, suggesting a lack of a strong trend in either direction. Price could potentially fluctuate between the 1st resistance and 1st support levels.

By IC Markets