MHMarkets：The dollar index rose during Asian markets, with an upward break above yesterday's highs blocked. USDJPY traded cautiously on concerns about the Bank of Japan intervening in the market.
Abstract：At the end of the Asian market on Monday (October 23), the US dollar index rose at the opening of the Asian market the following week and was hindered near 106.37 above, with the current price at 106.33.
At the end of the Asian market on Monday (October 23), the US dollar index rose at the opening of the Asian market the following week and was hindered near 106.37 above, with the current price at 106.33. The expectation that the US dollar index will continue to rise in the future market due to fundamental constraints has not yet changed. Last Friday, the price of gold rose first and then fell, closing near 1980. Today, the Asian market opened with a continued decline, and there is a demand for gold to reverse its decline in the short term. Last Friday, US crude oil was constrained by fundamentals, rising first, then falling, and finally closing around 87.96. Today, the Asian market opened with a continued decline, and the current price is close to the previous support of 85.93, with the current price at 86.92. The EUR/USD trading volatility was included last Friday, and the market has not yet chosen a line of defense. Today, the Asian market opened lower, with the current price at 1.0577. The demand for EURUSD remains unchanged in the post market decline. USDJPY price remains near the policy red line of 150. In the future, if the Bank of Japan's policy remains unclear, USDJPY volatility will not increase, as the market is concerned about the Bank of Japan's sudden intervention in the market and USDJPY trading is cautious.
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 23, Beijing time.
· Gold XAUUSD· | |
Resistance | 1978.67 – 1982.92 |
Support | 1944.97 – 1934.22 |
 Gold closed down as a whole last Friday and continued to move downwards at the opening of the Asian market today. Currently, there is a demand for a pullback in gold. Based on the current fundamentals, it is likely that gold will continue its previous upward trend in the future market. Intraday attention to the support of 1944.97-1934.22 below and the resistance of 1978.67-1982.92 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 23. This policy is a daytime policy. Please pay attention to the policy release time. | |
· Crude Oil USOUSD· | |
Resistance | 87.66 – 89.60 |
Support | 85.93 – 85.33 – 84.37 |
 US crude oil rose first and then fell last Friday, continuing Friday's decline in the Asian market today. The current price is already near early support. It is likely that US crude oil will continue its previous upward trend in the future market. Intraday attention to the support of 85.93-85.33-84.37 below and the resistance of 87.66-89.60 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 23. This policy is a daytime policy. Please pay attention to the policy release time. | |
· EURUSD· | |
Resistance | 1.0594 - 1.0615 |
Support | 1.0555 - 1.0522 |
 EURUSD was included last Friday by Thursday, and the judgment is still based on Thursday. EURUSD accelerated its decline when the Asian market opened today. It is likely that EURUSD will continue its previous downward trend in the future market. Intraday attention to the support of 1.0555-1.0522 below and the resistance of 1.0594-1.0615 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 23. This policy is a daytime policy. Please pay attention to the policy release time. | |
· GBPUSD· | |
Resistance | 1.2169– 1.2191 – 1.2210 |
Support | 1.2089 - 1.2035 |
 GBPUSD fell at the opening of the Asian market today, but the current price has not changed the market trend formed on Thursday. It is likely that GBPUSD will continue its previous downward trend in the future market. Intraday attention to the support of 1.2089-1.2035 below and the resistance of 1.2169-1.2191-1.2210 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 23. This policy is a daytime policy. Please pay attention to the policy release time. | |
Read more
MHMarkets：2024.03.29 MHM European Time Analysis
Fed Governor Christopher Waller's recent comments have highlighted a cautious stance towards adjusting interest rates, marking a significant moment for the financial markets.
MHMarkets：2024.03.28 MHM European Time Analysis
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
MHMarkets：2024.03.27 MHM European Time Analysis
In the latest market wrap focusing on the foreign exchange sector, the U.S. dollar index showed minimal movement, holding at 104.31.
MHMarkets：March 27, 2024 Economic Highlights
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.
WikiFX Broker
Latest News
Revolut X Expands Crypto Exchange Across Europe, Targeting Pro Traders
WikiFXBroker Review: Is Exnova Legit?
WikiFXCapital.com Shifts to Regional Leadership as CEO Kypros Zoumidou Steps Down
WikiFXCrypto Scammer Pleads Guilty in $73 Million “Pig Butchering” Fraud
WikiFXCWG Markets Got FSCA, South Africa Authorisation
WikiFXAmazon launches Temu and Shein rival with \crazy low\ prices
WikiFXCySEC Warns Against Unauthorized Investment Firms in Cyprus
WikiFXWhy Even the Highly Educated Fall Victim to Investment Scams?
WikiFXWarning Against Globalmarketsbull & Cryptclubmarket
WikiFXFBI Raids Polymarket CEO’s Home Amid 2024 Election Bet Probe
WikiFXRate Calc
