MHMarkets：2024.03.26 MHM European Time Analysis

Date: 2024.03.26 MHM European Time Analysis

In the foreign exchange market, the U.S. dollar showed a decline against a basket of major currencies, with the dollar index dipping to 104.22. The Euro gained against the dollar, reaching 1.0838, while the British pound rose to 1.2635. The Japanese yen remained relatively stable against the dollar, amidst warnings from Japan's vice finance minister about the yen's weakness not reflecting the country's economic fundamentals, hinting at potential official intervention. The Australian dollar and the Swiss franc saw modest gains against the U.S. dollar, whereas the Canadian dollar improved, highlighting a varied day in forex markets. Bitcoin notably outshined traditional markets, surging past the $70,000 mark to close at $71,269.

On the equity and commodities front, U.S. stock indices ended the day lower, with the Dow Jones, S&P 500, and Nasdaq all experiencing slight declines. Nvidia reached a new record high, while several major technology firms, including Microsoft and Apple, saw their stock prices drop. n the airline sector, United Airlines faced a drop amid increased safety oversight, whereas Boeing reported a positive outlook with upcoming leadership changes. Bitcoin's stellar performance significantly benefited Microstrategy, leading to a record close. Meanwhile, U.S. crude oil and gold prices both saw increases, providing a mixed picture of commodities markets.

During the Asian trading session, the Australian dollar slightly improved, while the Euro and British pound held steady against the U.S. dollar. Market responses were tempered by Australia's lower-than-expected consumer confidence index. Looking ahead, significant economic indicators include Germany's GfK consumer confidence index and the U.S. durable goods orders. Additionally, the U.S. consumer confidence index and the Richmond Fed manufacturing index will be closely watched by investors for insights into economic trends, alongside the S&P Case-Shiller home price index, providing a comprehensive view of the global financial landscape.

Gold (XAUUSD) Technical Analysis
Resistance levels:	2178.63; 2191.23
Support levels:	2159.04; 2146.65
The 4-hour chart for gold shows recent resistance near 2178.63; 2191.23 and support near 2159.04; 2146.65. The breakthrough or failure to break through these support and resistance levels will be used as a basis for future market analysis.Note: The above strategy update was provided on March 26th at 15:00. This strategy is for intraday purposes; please consider the strategy release time.

Crude Oil (USOUSD) Technical Analysis:
Resistance levels:	83.00; 83.57
Support levels:	81.87; 81.30
The 4-hour chart for US crude oil indicates resistance levels near 83.00; 83.57 and support levels near 81.87; 81.30. Future market analysis will depend on the breakthrough or failure to break through these support and resistance levels.Note: The above strategy update was provided on March 26th at 15:00. This strategy is for intraday purposes; please consider the strategy release time.

EUR/USD Technical Analysis:
Resistance levels:	1.0866; 1.0911
Support levels:	1.0833; 1.0795
The 4-hour chart for the Euro against the US Dollar shows resistance levels near 1.0866; 1.0911 and support levels near 1.0833; 1.0795. The breakthrough or failure to break through these support and resistance levels will be used as a basis for future market analysis.Note: The above strategy update was provided on March 26th at 15:00. This strategy is for intraday purposes; please consider the strategy release time.

GBP/USD Technical Analysis:
Resistance levels:	1.2655; 1.2703
Support levels:	1.2581; 1.2541
The 4-hour chart for the British Pound against the US Dollar indicates resistance levels near 1.2655; 1.2703 and support levels near 1.2581; 1.2541. Future market analysis will depend on the breakthrough or failure to break through these support and resistance levels.Note: The above strategy update was provided on March 26th at 15:00. This strategy is for intraday purposes; please consider the strategy release time.