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2023.7.10 USD Index returned to its weakest range!

FOREXCOM:USOIL   CFDs on Crude Oil (WTI)
2023.7.10 USD Index returned to its weakest range!US crude oil surged!

Hello, I'm Older Duan. Today is Monday, July 10th 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 fell sharply for two consecutive trading days, returning to the lower part of all moving averages at the daily level, and near 2.382 of the top to bottom golden section!

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 last Friday at its highest point this month, and today it is engaged in a long short competition near the daily levels of 21MA and 165MA! Then, the opening price of this month (US $1919.4) will continue to be used as the Bitwise operation of the day later today! 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 surged last Friday, reaching near the opening price of June 5, 2023 ($73.4), which is also a recent bearish starting point! 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 rose sharply against the US dollar last Friday, breaking through the opening price of June 28, 2023 (1.09565), which is also a recent short start position! 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 hit a recent high against the US dollar last Friday, but today it has retreated against the downside! In the subsequent period of this day, the short start position of the previous month and the opening price (1.28131) of June 19, 2023 can be used as the important Bitwise operation of 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 the impact of last Friday's big non agricultural data market has gradually disappeared. The expected market trend of this Wednesday's CPI data market is starting to affect, please pay attention to the risks!


Im Older Duan. Wish you happy win . Goodbye!

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