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MHMarkets:After a slight decline in the Asian market, the US dollar index received support and might rise in the future market.

MH Markets | 2023-10-17 17:52

Abstract:At the end of the Asian market on Tuesday (October 17), the US dollar index rose after encountering support below.

At the end of the Asian market on Tuesday (October 17), the US dollar index rose after encountering support below. The current price is at 106.44, and it is highly likely that the US dollar index will continue its previous upward trend in the future market. Gold fell slightly in the Asian market, still included in last Friday's US market volatility, and is likely to continue its upward trend in the future market. Crude oil fell at the opening of the Asian market, and was hindered at 84.73 below, with the current price at 85.28. EURUSD fell at the opening of the Asian market and is currently not supported, with prices at 1.0537. USDJPY was in a volatile state in the Asian market, constrained by expectations of when the Bank of Japan would intervene in the market. USDJPY has fluctuated relatively cautiously in recent days, with its current price at 149.57.

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 17, Beijing time.

·Gold XAUUSD·

Resistance

1922.97 – 1930.91

Support

1907.91 – 1885.27– 1867.78

image.png

Gold fell slightly at the opening of the Asian   market, and the current price is within the range of last Friday's US   session. It is likely that gold will continue its previous trend in the   future market. Intraday attention to the support of 1907.91 – 1885.27–   1867.78 below and the resistance of 1922.97 – 1930.91 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   17. This policy is a daytime policy. Please pay attention to the policy   release time.

 · Crude Oil USOUSD·

Resistance

85.76—86.98

Support

84.27—82.27

image.png

US crude oil fell at the opening of the Asian   market and was supported near 84.73 below. It is likely that US crude oil   will continue its previous upward trend in the future market. Intraday   attention to the support of 84.27—82.27 below and the resistance of 85.76—86.98   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   17. This policy is a daytime policy. Please pay attention to the policy   release time.

· EURUSD·

Resistance

1.0558 - 1.0625

Support

1.0524--1.0494 - 1.0481

image.png

EURUSD fell at the beginning of the Asian market   and broke through yesterday's small support downwards. It is likely to   continue its previous downward trend in the future market. Intraday attention   to the support of 1.0524--1.0494 - 1.0481 below and the resistance of 1.0558   - 1.0625 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   17. This policy is a daytime policy. Please pay attention to the policy   release time.

 · GBPUSD·

Resistance

1.2205 - 1.2219– 1.2266

Support

1.2151 - 1.2141—1.2120

image.png

GBPUSD fell at the beginning of the Asian market   and accelerated its decline at the end of the market. It is likely to   continue its previous downward trend in the future market. Intraday attention   to the support of 1.2151 - 1.2141—1.2120 below and the resistance of 1.2205 -   1.2219– 1.2266 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   17. 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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In the forex market, stability was the theme for the U.S. dollar index, holding firm at 104.30. Minor fluctuations were observed across major currency pairs: the Euro slightly weakened against the dollar, closing at 1.0827

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On Tuesday, due to February's US durable goods orders growth exceeding expectations and an optimistic economic growth outlook for the first quarter in the US, the US dollar index initially fell but then rose, briefly touching below the 104 mark before recovering during the US trading session, closing up 0.07% at 104.29.

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