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2023.7.21 USD Index is about to weaken!

PEPPERSTONE:USDX   US Dollar Index
2023.7.21 USD Index is about to weaken!

Hello, I'm Older Duan. Today is Friday, July 21st 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 U.S. Dollar Index has released bullish momentum for three consecutive trading days, and the probability rate is about to weaken!

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 rose and fell yesterday, but continued to weaken today, reaching a critical position of $1960, which is also the 2.000 level of the gold split in the figure! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this position, bulls dominate; Below this position, bears dominate!


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, US crude oil hit its lowest point yesterday, hitting the 1.382 level on the bottom of the graph above the golden section. Today, US crude oil hit the 1.618 level on the golden section and then fell back! Then, in the following days today, we can take the daily line 233MA ($76.562) as the important point of the day Bitwise operation! 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 euro fell sharply against the US dollar yesterday and continues to be weak today! Then, in the future period of this day, take today's opening price (1.11338) as the important Bitwise operation of 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 GBP/USD hit through the daily level of 21MA at its lowest yesterday, and there is a high probability of a long short competition in this position today! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, 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 Friday, the weekly line will be closed tonight. Please be aware of the risks.

Im Older Duan. Wish you happy win . Goodbye!

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