Tuesday 21st March 2023: Technical Outlook and Review
DXY: The DXY chart is currently showing a neutral momentum, which suggests that the price could potentially fluctuate between the 1st resistance and 1st support level.
Market Analysis
Trade of the Day: GBP/CHF
By: Dima Chernovolov GBP/CHF continues to rise inside the hourly Up Channel chart pattern, which was recently identified by Autochartist.
Monday 20th March 2023: Technical Outlook and Review
DXY:
The DXY chart currently has a bearish overall momentum, and price could potentially continue to drop towards the 1st support level at 101.19.
Trade of the Day: CAD/JPY
By: Dima Chernovolov
CAD/JPY continues to fall inside the 60-minute Falling Wedge chart pattern, which was recently identified by Autochartist.
Friday 17th March 2023: Technical Outlook and Review
DXY:
The DXY chart shows a bearish momentum with price currently below the bearish Ichimoku cloud.
Trade of the Day: AUD/JPY
By: Dima Chernovolov
AUD/JPY rising toward the key resistance level 88.65, which was recently identified by Autochartist.
Thursday 15th March 2023: Technical Outlook and Review
DXY:
The DXY chart is currently showing bearish momentum, with potential for a bearish reaction off the first resistance level at 105.33, dropping to the first support level at 104.08.
Trade of the Day: GBP/USD
By: Dima Chernovolov
GBP/USD continues to fall inside the 15-minute Falling Wedge chart pattern, which was recently identified by Autochartist.
Wednesday 15th March 2023: Technical Outlook and Review
DXY:
Price is currently lingering near our 1st support level at 103.44, which lines up with the 50% Fibonacci retracement.
Trade of the Day: USD/CAD
By: Dima Chernovolov
USD/CAD continues to fall inside the hourly Down Channel chart pattern, which was recently identified by Autochartist.