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2023.8.25 USD has hit a strong pressure intensive range

PEPPERSTONE:USDX   US Dollar Index
2023.8.25 USD has hit a strong pressure intensive range

Hello, I'm Older Duan. Today is Friday, August 25th 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 rose sharply yesterday, and today its high point has reached around the daily 233 moving average and the top to bottom gold split of 2.000!

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, and has been suppressed by the daily level 21 moving average (1913.76 US dollars) for two consecutive trading days! So, for the rest of today, just use the daily level 21 moving average (1913.76 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, US crude oil fell first yesterday and then rose, showing a clear reversal pattern and continuing to rise today! So, for the rest of today, just use the opening price of August 23, 2023 ($79.564) as an important point for intraday operations! 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/US dollar peaked yesterday at the bottom of the daily average level, reaching 2.382 points above the gold split, and then fell sharply below the daily average level of 233 (1.08119)! So for the continuation period today, just use the daily level 233 moving average (1.08119) as an important intraday point 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 yesterday and has now reached the daily level of 144 moving average (1.25730), engaging in a long short competition! So for the continuation period today, just use the daily level 144 moving average (1.25730) as an important point for the day 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 tonight there will be a speech by FOMC Chairman Powell, as well as the closing weekly line market. Please pay attention to the risks!

Im Older Duan. Wish you happy win . Goodbye!

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