2023.8.7 USDX has shifted from weak to strong
Hello, I'm Older Duan. Today is Monday, August 7th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index has been weakening for two consecutive days, and today it is at 2.382 (102.29) in the top to bottom golden section of the chart!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold peaked at a daily level of 55MA last Friday and continued to weaken today! So, for the rest of today, just use the daily level of 55MA, or 1944.22 US dollars, as an important point for intraday operations! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil hit a recent high last Friday, but was still suppressed by the opening price of April 17, 2023 ($82.456)! So, for the rest of today, just use this position as an important point during the day! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro rose sharply against the US dollar last Friday, but the daily closing was still suppressed by the recent bottom up gold split of 2.618, which was also the opening price on February 2, 2023 and the highest point on June 22, 2023! Today, the euro weakened against the US dollar, hitting the daily level of 55MA (1.09613)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the GBP/USD has been engaged in a long short battle at the daily level of 55MA (1.27654) in recent trading days! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Monday, and it is likely to break out of the continuation of last Friday's non agricultural data market. Please be aware of the risks.
Im Older Duan. Wish you happy win . Goodbye!
Hello, I'm Older Duan. Today is Monday, August 7th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index has been weakening for two consecutive days, and today it is at 2.382 (102.29) in the top to bottom golden section of the chart!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold peaked at a daily level of 55MA last Friday and continued to weaken today! So, for the rest of today, just use the daily level of 55MA, or 1944.22 US dollars, as an important point for intraday operations! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil hit a recent high last Friday, but was still suppressed by the opening price of April 17, 2023 ($82.456)! So, for the rest of today, just use this position as an important point during the day! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro rose sharply against the US dollar last Friday, but the daily closing was still suppressed by the recent bottom up gold split of 2.618, which was also the opening price on February 2, 2023 and the highest point on June 22, 2023! Today, the euro weakened against the US dollar, hitting the daily level of 55MA (1.09613)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the GBP/USD has been engaged in a long short battle at the daily level of 55MA (1.27654) in recent trading days! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Monday, and it is likely to break out of the continuation of last Friday's non agricultural data market. Please be aware of the risks.
Im Older Duan. Wish you happy win . Goodbye!