easyMarkets DXY Daily - Quick Technical OverviewSeeing a small retracement back down on DXY, after some bullish performance last week. If the index continues to trade above that short-term tentative upside support line, drawn from the low of February 2nd. More buyers may join on a break above the current highest point of February, at around 104.61.
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Technical-analysis
easyMarkets DAX Daily - Quick Technical OverviewDAX traders still remain undecided on where the index is heading. On one hand, we remain above a medium-term upside line, meaning that the trend is still to the upside. However, if that medium-term trendline breaks, this could open the door towards much lower areas,
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easyMarkets Gold Daily - Quick Technical OverviewAfter another week of declining, Gold has reached one of our targets, near the 100-day EMA. On Monday we mentioned the target in our quick morning analysis. If the commodity today remains above the that EMA, we may see a slightly rebound towards the short-term tentative downside resistance line. However, a decent fall below the 1825 hurdle could clear the path towards the 200-day EMA.
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easyMarkets Dow Jones Daily - Quick Technical OverviewThe DJIA index continues to slowly form higher lows, however it is currently struggling with key resistance near the 34500 level. In order to see further advances, a break of that area is required. We will then target the highest points of December and April 2022.
For the downside, a break of the short-term tentative upside support line would be needed. Also, a drop below the 33543 hurdle, which is the current lowest point of February, may clear the way to some lower areas.
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easyMarkets AUDNZD Daily - Quick Technical OverviewThe technical picture of AUDNZD on our daily chart shows that the pair is forming a rising wedge, which can be considered as a bearish indication. That said, as long as the rate remains inside that pattern, the near-term outlook could stay positive. However, once the the lower side of the wedge pattern gets violated, this may open the door towards lower levels. More sellers might jump in if the pair falls below all of our EMAs as well.
For the upside, a push above the 1.1031 barrier would be needed, as it has been acting as an important resistance area so far.
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easyMarkets Ripple Daily - Quick Technical OverviewXRPUSD is currently trading between two tentative trendlines, a short-term upside one, taken from the low of January 6th, and a medium-term downside one, drawn from the high of October 9th. In order to consider the next short-term directional move, a break through one of the trendlines is required. However, more buyers may join in if the crypto climbs above all of the EMAs on our daily chart.
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easyMarkets Ethereum Daily - Quick Technical OverviewIn order to get comfortable with further advances, a break above the 1715 territory is required. If the crypto continues to trade above that barrier after the break, there could be more buyers joining in, potentially dragging ETHUSD towards the highest points of September and August 2022.
Alternatively, a drop below the short-term upside line, drawn from the low of December 30th, could temporarily scare off the buyers, as the rate may also fall below all the EMAs on our daily chart.
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easyMarkets EURUSD Daily - Quick Technical OverviewDisclaimer:
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easyMarkets Silver Daily - Quick Technical OverviewDisclaimer:
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easyMarkets GBPUSD Daily - Quick Technical OverviewDisclaimer:
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easyMarkets EURAUD Daily - Quick Technical OverviewDisclaimer:
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easyMarkets S&P500 Daily - Quick Technical OverviewDisclaimer:
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easyMarkets USDJPY Daily - Quick Technical OverviewDisclaimer:
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easyMarkets GBPCHF Daily - Quick Technical OverviewDisclaimer:
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easyMarkets AUDJPY Daily - Quick Technical OverviewDisclaimer:
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easyMarkets Bitcoin Daily - Quick Technical OverviewDisclaimer:
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easyMarkets Cotton Daily - Quick Technical OverviewDisclaimer:
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easyMarkets WTI Oil Daily - Quick Technical OverviewDisclaimer:
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easyMarkets Gold Daily - Quick Technical OverviewDisclaimer:
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easyMarkets ASX 200 Daily - Quick Technical OverviewDisclaimer:
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easyMarkets DAX Daily - Quick Technical OverviewDisclaimer:
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easyMarkets NASDAQ Daily - Quick Technical OverviewDisclaimer:
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easyMarkets DXY Daily - Quick Technical OverviewDisclaimer:
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