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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.

MH Markets | 2023-10-23 17:09

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.

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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

image.png

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

image.png

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

image.png

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

image.png

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.


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

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MH Markets
Company name:Mohicans Markets (Ltd)
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Website:https://mhmarkets-zh.com/global
5-10 years | Regulated in Australia | Regulated in South Africa | Forex Execution License (STP)
Score
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