Think_More

2023.9.22 the pound fell sharply reaching 1.618

FX:GBPUSD   British Pound / U.S. Dollar
2023.9.22 the pound fell sharply reaching 1.618

Hello, I'm Older Duan. Today is Friday, September 22nd 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!

First, what we see is the daily graph of the dollar index.

As shown in the figure, the US dollar index broke through the previously indicated bearish starting point for this year twice yesterday and today, which is the opening price of 105.690 on March 9, 2023. The upper space has already been opened!

Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!

As shown in the figure, gold fell below the daily average density range yesterday and peaked today (daily 21, 55, 233)! So, for the rest of today, just use the daily level long short divide daily level 55 moving average (1927.31 US dollars) as an important intraday point operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!

Let's take a look at American crude oil.

What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!

As shown in the figure, the daily closing pattern of US crude oil yesterday showed a long upward shadow with a small positive line, and today US crude oil continues to strengthen! So, for the rest of today, just use the historical level key position ($90.3) as the intraday long short watershed operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!

Let's look at EURUSD.

What you can see now is the daily chart of EURUSD.

The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!

As shown in the figure, the euro against the US dollar both yesterday and today tested the recent new low, but the center of gravity of the daily line is still around 2.000 above the recent bottom of the golden section! So in the future, we can continue to use the lowest point in May this year (1.06343) as an important intraday point for operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!

Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.

The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!

As shown in the figure, the pound fell sharply against the US dollar again yesterday, reaching its lowest point at the recent bottom of 1.618 against the gold split. It is still weak today! So for the continuation period today, we can continue to use the long start position at the end of May this year (1.23160) as an important intraday point for operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!

Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!

Special reminder, today is Friday and there will be a weekly closing market tonight. Please pay attention to the risks!

Im Older Duan. Wish you happy win . Goodbye!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.