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MHMarkets:The decline of the US dollar index in the Asian market was hindered, and the USDJPY was supported by the decline of the US dollar, with a strong upward trend, almost recovering from yesterday's decline in the US market.

MH Markets | 2023-10-11 17:16

Abstract:At the end of the Asian market on Tuesday (October 11), the US dollar index fell to yesterday's low point at the opening of the Asian market today.

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At the end of the Asian market on Tuesday (October 11), the US dollar index fell to yesterday's low point at the opening of the Asian market today. After encountering obstacles, prices rebounded, and the current price briefly broke through the high point at the opening of the Asian market, with the current price at 105.85; Gold was sideways consolidated in the Asian market today without any breakthrough, and the current price remains at 1859.27; Crude oil broke above yesterday's small high of 84.82 during the Asian market and came under pressure. The price has started to decline, currently located near 84.58; The EURUSD traded sideways in the Asian market, with current prices around 1.0601 and relatively strong support below; The USDJPY rose at the beginning of the Asian market and almost recovered from yesterday's decline in the US market at the end of the Asian market. However, there is still pressure above the USDJPY, with the current price around 148.90.

MHMarkets strategy is only for reference and not for investment advice. Please carefully read the statement at the end of the text. The following strategy will be updated at 15:00 on October 11, Beijing time.

· Gold XAUUSD·
Resistance1865.30 -- 1879.80
Support1848.66 -- 1844.03
image.png
Gold was trading sideways during the Asian   market, waiting for further guidance from fundamentals. Intraday attention to   the support of 1848.66 --1844.03 below and the resistance of 1865.30--1879.80   below. The market will be judged by whether to break through the upper and   lower support and resistance.Note: The above strategy was updated at 15:00 on October   11. This policy is a daytime policy. Please pay attention to the policy   release time.
·Crude OilUSOUSD·
Resistance86--86.80--87.71
Support83.61--82.16
image.png
The volatility of US crude oil continued to   narrow during the Asian market period, briefly breaking a small high before   coming under pressure. Intraday attention to the support effect of 83.61--82.16   below and the resistance suppression of 86--86.80--87.71 above. The market   will be judged by whether to break through the upper and lower support and   resistance.Note: The above strategy was updated at 15:00 on October   11. This policy is a daytime policy. Please pay attention to the policy   release time.
· EURUSD·
Resistance1.0619--1.0642
Support1.0575--1.0553--1.0518
image.png
EURUSD was trading sideways after the opening of   the Asian market, and the price fluctuation has not yet started. Intraday   attention to the support of 1.0575--1.0553--1.0518 below and the resistance   of 1.0619--1.0642 above. The market will be judged by whether to break   through the upper and lower support and resistance.Note: The above strategy was updated at 15:00 on October   11. This policy is a daytime policy. Please pay attention to the policy   release time.
 · GBPUSD·
Resistance1.2307 -- 1.2330
Support1.2271--1.2234 -- 1.2195
image.png
GBPUSD broke yesterday's highs upwards after the   opening of the Asian market, then the price was blocked above the pressure.   Intraday attention to the support of 1.2271--1.2234--1.2195 below and the   resistance of 1.2307--1.2330 above. The market will be judged by whether to   break through the upper and lower support and resistance.Note: The above strategy was updated at 15:00 on October   11. This policy is a daytime policy. Please pay attention to the policy   release time.

尾图
MHMarkets Precious Metal Crude oil Foreign Exchange Fundamentals Overview Techinical Level CPI

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Regulated
MH Markets
Company name:Mohicans Markets Limited
Score
8.32
Website:https://mhmarkets-zh.com/global
2-5 years | Regulated in Australia | Regulated in United Arab Emirates | Straight Through Processing (STP)
Score
8.32

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