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MHMarkets:Trading in the Asian market was lackluster, with USDJPY trading cautious due to concerns about the Bank of Japan's intervention in the market.

MH Markets | 2023-10-18 17:30

Abstract:At the end of the Asian market on Wednesday (October 18), the US dollar index accelerated its decline, with prices approaching resistance below 106.05, and the current price is at 106.12. Gold rose at the opening of the Asian market and broke through 1930.90, but was hindered until 1942.85.

头图2

At the end of the Asian market on Wednesday (October 18), the US dollar index accelerated its decline, with prices approaching resistance below 106.05, and the current price is at 106.12. Gold rose at the opening of the Asian market and broke through 1930.90, but was hindered until 1942.85. The current price is at 1937.85. Crude oil continued its upward trend during the US session at the opening of the Asian market, with a price increase of 87.72 hindered and currently at 87.09. EURUSD accelerated its rise in late Asian trading, with the current price approaching yesterday's high of 1.0594. After breaking through in the future market, EURUSD is likely to continue to rise. USDJPY fell in the Asian market, but due to concerns about the Bank of Japan's intervention in the foreign exchange market, market trading is cautious. Investors should focus on the Bank of Japan's actions. Once the Bank of Japan decides to intervene in the market, USDJPY will fluctuate significantly.

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 18, Beijing time.

· Gold XAUUSD·
Resistance1947.37 – 1952.97
Support1923.39 – 1912.10– 1908.02
image.png
Gold accelerated its rise in the Asian market and   broke through previous resistance. It is likely that gold will continue its   previous upward trend in the future market. Intraday attention to the support   of 1923.39-1912.10-1908.02 below and the resistance of 1947.37-1952.97 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   18. This policy is a daytime policy. Please pay attention to the policy release   time.
 · Crude Oil USOUSD·
Resistance89.14 - 90.86
Support86.99 - 86.10 – 84.34
image.png
US crude oil accelerated its rise at the opening   of the Asian market and broke through previous resistance. It is likely that   US crude oil will continue its previous upward trend in the future market. Intraday   attention to the support of 86.99-86.10-84.34 below and the resistance of 89.14-90.86   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   18. This policy is a daytime policy. Please pay attention to the policy   release time.
· EURUSD·
Resistance1.0594 - 1.0624 – 1.0643
Support1.0563 -    1.0537--1.0494
image.png
EURUSD rose at the opening of the Asian market,   and the current price is close to yesterday's high above. It is likely that   EURUSD will continue its previous upward trend in the future market. Intraday   attention to the support of 1.0563-1.0537-1.0494 below and the resistance of 1.0594-1.0624-1.0643   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   18. This policy is a daytime policy. Please pay attention to the policy   release time.
 ·GBPUSD·
Resistance1.2219– 1.2266
Support1.2179 - 1.2161—1.2131
image.png
GBPUSD accelerated its rise at the end of the   Asian market, and the current price is close to yesterday's high. It is   likely that GBPUSD will continue its previous upward trend in the future   market. Intraday attention to the support of 1.2179-1.2161-1.2131 below and   the resistance of 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   18. 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 (Ltd)
Score
8.44
Website:https://mhmarkets-zh.com/global
5-10 years | Regulated in Australia | Regulated in South Africa | Forex Execution License (STP)
Score
8.44

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