FP Markets Market Review 24/06/2022
- Featured Posts, Market Insights, Technical Analysis
- June 24, 2022
US Dollar Index: The US dollar index (’DXY’), which measures the value of the US dollar relative to a basket of foreign currencies, firmed for a third successive week, gaining 0.18%. After eclipsing the 99.67 October 1 st high, the index clocked highs at 99.91, just south of the 100.00 handle which is enclosed within
READ MOREEUR/USD: Monthly timeframe: Outlook brought forward from previous analysis – Despite a healthy attempt at recovery from demand at 1.0488/1.0912 in October 2019 – a particularly noteworthy area given the momentum derived from its base – EUR/USD failed to sustain gains, and had the unit retesting its upper boundary last week. Price, however, as you
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREUS Dollar Index: The US dollar index, or ‘DXY’, a measure of the value of the USD relative to a basket of foreign currencies, climbed nine out of ten days. After retesting the 200-day SMA (97.76) and a supply-turned demand zone at 97.35/97.85, the index retained a strong underlying bid, toppling a familiar supply area
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREThere is no single formula for success in the financial markets. That is why each trader has their own trading approach. But what sets pro traders apart from everyone else? What gives them an edge in the markets? Here’s how pro traders trade. 1. They have a plan The professional trader has a detailed trading
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