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2023.8.4 USOUSD rose sharply yesterday

EIGHTCAP:USOUSD   Spot WTI Crude Oil
2023.8.4 USOUSD rose sharply yesterday

Hello, I'm Older Duan. Today is Friday, August 4th 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 U.S. Dollar Index began to fall down yesterday, and today it is close to 2.382 (102.29) of the top down golden section in the figure!

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 has been closing below the daily average density range for two consecutive trading days! Then, in the future, we will continue to use the daily line level of 165MA, or $1941.54, as the important Bitwise operation operation in the day! 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 rose sharply yesterday, almost covering the decline of this Wednesday, and is about to once again challenge the recent bottom up gold split of 2.382 ($81.97)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! 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 has been engaged in a long short competition at the daily level of 55MA (1.09508) against the US dollar in the past three trading days! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! 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 pound broke through strong daily support against the US dollar yesterday, with the bottom facing the 2.000 level (1.26793) of the golden section, which was also the highest point on May 10, 2023. Today, it almost tested the daily level of 55MA (1.27555) against the top! Then in the future, these two positions can be used as the Bitwise operation of the important points in the day! Within these two positions, throw high and suck low; Beyond these two positions, chase up and kill down!


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 Friday, and there is a big non agricultural data market tonight. Please pay attention to the risks.

Im Older Duan. Wish you happy win . Goodbye!

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