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MHMarkets:he Asian market closed, and after a significant decline in the USDX last Friday, the Asian market opened today with a slight upward adjustment

MH Markets | 2023-10-09 17:33

Abstract:On Monday (October 9), the Asian market closed, and after a significant decline in the USDX last Friday, the Asian market opened today with a slight upward adjustment. The current price is around 106.31, and there was no breakthrough during the Asian market; During the gold sub market period, the stock price jumped short and opened high, with overall volatility during the sub market period. The current price has not filled the gap downward, and is currently around 1853.54;

头图2

On Monday (October 9), the Asian market closed, and after a significant decline in the USDX last Friday, the Asian market opened today with a slight upward adjustment. The current price is around 106.31, and there was no breakthrough during the Asian market; During the gold sub market period, the stock price jumped short and opened high, with overall volatility during the sub market period. The current price has not filled the gap downward, and is currently around 1853.54; Crude oil was affected by the weekend conflict between Palestine and Israel, and the Asian session opened short and high. During the Asian session, prices rose and fell, and the current price is around 85.50; During the Asian session, the EURUSD showed an overall trend of rising and falling. The current price is around the opening price of 1.0553 in the Asian session, and the market follows the support of the lower Asian session lows; The USDJPY has shown an overall fluctuating trend. Last Friday, the USDJPY quickly rose after the release of non farm data, while after tax prices fell. Due to market concerns about the Bank of Japan's intervention in the foreign exchange market, the recent trend of the Japanese yen has been relatively cautious; The current price of the USDJPY is at the 149.15.

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 9, Beijing time.

·Gold XAUUSD·
Resistance1857.60-1879.80
Support1835.08-1810.41
image.png
Gold remained in a volatile trend as a whole   during the Asian session. The market still follows the suppression effect of   resistance above gold from 1857.60 to 1879.80 and the support effect below   gold from 1835.08 to 1810.41. The market will be judged by whether to break   through the upper and lower resistance and support;Note: The above strategy was updated at 15:00 on October   9. This policy is a daytime policy. Please pay attention to the policy   release time.
 ·SilverXAGUSD·
Resistance21.99—22.18
Support21.46—20.78
image.png
Silver was affected by the conflict between   Palestine and Israel, and the Asian stock market has jumped short and opened   high. The current price is in a consolidation state. The market follows the   suppression effect of resistance above silver from 21.99 to 22.18 and the   support effect below silver from 21.46 to 20.78. The market will be judged by   whether to break through the upper and lower support;Note: The above strategy was updated at 15:00 on October   9. This policy is a daytime policy. Please pay attention to the policy   release time.
 ·Crude OilUSOUSD·
Resistance86.00—86.80—87.71
Support84.34—83.84—82.16—80.59
image.png
U.S. crude oil was affected by the conflict between   Palestine and Israel, and the Asian stock market has jumped short and opened   high. The overall trend of the Asian stock market is upward and downward. The   market follows the suppression effect of resistance above U.S. crude oil of   86.00-86.80-87.71 and the support effect below U.S. crude oil of   84.34-83.84-82.16-80.59. 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   9. This policy is a daytime policy. Please pay attention to the policy   release time.
·EURUSD·
Resistance1.0573—1.0600—1.0617
Support1.0535—1.0482
image.png
EURUSD rose at the opening of the Asian session,   after being blocked above 1.0573 the market reversed and the current overall posture   is down. The market follows the support of 1.0535-1.0482 below and the   resistance of 1.0573-1.0600-1.0617 above. The market will be judged by   whether to break through the upper and lower resistance;Note: The above strategy was updated at 15:00 on October   9. This policy is a daytime policy. Please pay attention to the policy   release time.
 ·GBPUSD·
Resistance1.2224—1.2260—1.2271
Support1.2104--1.2036
image.png
GBPUSD jumped lower during the Asian session   today. After the market opened, it rose and was reversed by resistance around   1.2224 above. The market follows the support of 1.2104 - 1.2036 below and the   resistance of 1.2224-1.2260-1.2271 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   9. 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)
Score
8.36
Website:https://mhmarkets-zh.com/global
5-10 years | Regulated in Australia | Forex Execution License (STP) | MT4 Full License
Score
8.36

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