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MHMarkets:The US dollar index accelerated its decline during the Asian market, and the Bank of Japan intervened in the market.

MH Markets | 2023-10-27 17:34

Abstract:On Friday (October 27), the US dollar index experienced intraday fluctuations yesterday. Today, the Asian market opened with a decline and fell below yesterday's low.

头图2

On Friday (October 27), the US dollar index experienced intraday fluctuations yesterday. Today, the Asian market opened with a decline and fell below yesterday's low. The current US dollar index price is at 106.64, which is likely to hinder the future rise of the US dollar index. Affected by the fundamentals of the Israeli-Palestinian conflict, there is still supportive demand for gold below. When the Asian market opened today, gold continued to rise, with its current price at 1988. After being supported yesterday, US crude oil continued to rise at the opening of the Asian market today. There is resistance above the current price of US crude oil, but it should be noted that due to the risk of war and conflict in oil producing regions, there is still support demand below US crude oil. EURUSD rose at the opening of the Asian market, and after breaking above yesterday's high, its rise was hindered. The current price is rapidly fluctuating downwards, at 1.0554. USDJPY is expected to be affected by the intervention of the Bank of Japan in the market, and is facing strong resistance above 150. Today, the Asian market continued to decline and broke through yesterday's small intraday low. The current price is around 150.17. USDJPY in the future market needs to be cautious about the Bank of Japan's decision to suddenly intervene in the market.

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 27, Beijing time.

· Gold XAUUSD·
Resistance1993.49 – 1997.25
Support1982.77 – 1971.59 – 1962.94
image.png
The above figure shows the 30 minute chart of   gold. The chart shows that the recent upward resistance of gold has been   around 1993.49-1997.25, and the downward support has been around 1982.77-1971.59-1962.94.   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   27. This policy is a daytime policy. Please pay attention to the policy   release time.
 · Crude Oil USOUSD·
Resistance85.34 – 85.99 – 88
Support82.80 – 81.86 – 81.41
image.png
The above chart shows the 30 minute chart of US   crude oil. The chart shows that the recent upward resistance of US crude oil   is around 85.34-85.99-88, and the downward support is around 82.80-81.86-81.41.   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   27. This policy is a daytime policy. Please pay attention to the policy   release time.
· EURUSD·
Resistance1.0577 - 1.0606 – 1.0641
Support1.0523 - 1.0494 – 1.0481
image.png
The above figure shows the 30 minute chart of EURUSD.   The chart shows that the recent upward resistance of EURUSD is around   1.0577-1.0606-1.0641, and the downward support is around 1.0523-1.0494-1.0481.   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   27. This policy is a daytime policy. Please pay attention to the policy   release time.
 · GBPUSD·
Resistance1.2151 – 1.2174 – 1.2232
Support1.2096 - 1.2072 – 1.2035
image.png
The above figure shows the 30 minute chart of GBPUSD.   The chart shows that the recent upward resistance of GBPUSD is around 1.2151-1.2174-1.2232,   and the downward support is around 1.2096-1.2072-1.2035. 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   27. 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
8.45
Website:https://mhmarkets-zh.com/global
5-10 years | Regulated in Australia | Regulated in South Africa | Forex Execution License (STP)
Score
8.45

Read more

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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

News 2024-03-28 20:05

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.

News 2024-03-27 20:24

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.

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