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DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish continuation towards the 1st support. The 1st support level at 101.46 is identified as an overlap support. Further below, the 2nd support level at 100.67 is noted as a swing-low support that aligns […]

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26/06/2024

AUD/USD Surged, Buoyed by RBA Confidence and Inflation Ggrowth

The Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s weighted average consumer price index increased to 4.0% y/y from the last 3.6%, surpassing the less ambitious forecast of 3.8%. Earlier statistics from […]
11/04/2024

GBPUSD Wave Analysis

GBPUSD reversed from support level 1.2535 Likely to rise to resistance level 1.2700 GBPUSD currency pair recently reversed up from the key support level 1.2535, which has been steadily reversing the price from the start of December. The support level 1.2535, was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction […]
21/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish continuation towards the 1st support. The 1st support level at 101.87 is identified as a multi-swing-low support. Further below, the 2nd support level at 100.67 is noted as a swing-low support, further reinforcing […]