2023.6.1 Daily European Perspective
USDX is flat
Hello, I'm Older Duan. Today is Thursday, June 1 2023.
Now it's 16pm 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 has been vying for long and short positions against the 2.000 level (around 104.28) of the gold split at its recent top for several consecutive days!
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 today swallowed up yesterday's gains and continued to engage in long short competition near the 2.000 level (1960 US dollars) of the gold split at the bottom of the daily level! So, for the rest of today, use this point as an important point for intraday operations! Above this point, bulls dominate; Below this point, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is 4-hour 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 highest point of US crude oil today has peaked at 0.618 points (68.9 US dollars) above the recent bottom of the gold split! So, for the rest of today, just use this position as an important point during the day! Above this point, bulls dominate; Below this point, bears dominate!
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 European and American currencies rebounded slightly against the recent bottom up gold split of 2.000 (1.06635) yesterday, but continued to weaken today! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, bulls dominate; Under this position, bears dominate!
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 US currency hit the daily level of 55MA (1.04530) twice yesterday and the day before yesterday! So for the continuation period today, just use this position as an important point for operation during the day! Above this point, bulls dominate; Below this point, bears dominate!
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 Thursday, the first trading day of June. There will be ADP, Unemployment Claims, and EIA data market tonight, and big non agricultural data market tomorrow night! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
USDX is flat
Hello, I'm Older Duan. Today is Thursday, June 1 2023.
Now it's 16pm 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 has been vying for long and short positions against the 2.000 level (around 104.28) of the gold split at its recent top for several consecutive days!
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 today swallowed up yesterday's gains and continued to engage in long short competition near the 2.000 level (1960 US dollars) of the gold split at the bottom of the daily level! So, for the rest of today, use this point as an important point for intraday operations! Above this point, bulls dominate; Below this point, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is 4-hour 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 highest point of US crude oil today has peaked at 0.618 points (68.9 US dollars) above the recent bottom of the gold split! So, for the rest of today, just use this position as an important point during the day! Above this point, bulls dominate; Below this point, bears dominate!
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 European and American currencies rebounded slightly against the recent bottom up gold split of 2.000 (1.06635) yesterday, but continued to weaken today! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, bulls dominate; Under this position, bears dominate!
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 US currency hit the daily level of 55MA (1.04530) twice yesterday and the day before yesterday! So for the continuation period today, just use this position as an important point for operation during the day! Above this point, bulls dominate; Below this point, bears dominate!
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 Thursday, the first trading day of June. There will be ADP, Unemployment Claims, and EIA data market tonight, and big non agricultural data market tomorrow night! Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!