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Technical Analysis:Your Daily Dose of Market Insights, June 13, 2023

Morning Finance Brief:

- Global markets show mixed movements as investors assess central bank policies and economic indicators.

- Surprise rate hikes by the Reserve Bank of Australia and Bank of Canada have heightened concerns about prolonged tightening cycles.

- European Central Bank expected to raise rates by 25 bps, while the Bank of Japan likely to maintain an ultra-loose policy.

- US Treasury yields show a slight decrease, while the US dollar index edges higher against major currencies.

- Asian equities and US/European futures rise on optimism about a potential pause in the Federal Reserve's tightening campaign.

- Key events this week include the FOMC rate decision, US CPI data, and Eurozone industrial production figures.

 

CHUMP PROFIT Technica Outlook and Review

 

Dollar Index (DXY) Intraday: Bearish


Pivot Level: 103.54


Dollar Index  Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.


Gold Intraday:


Pivot Level: 1963.40


Gold XAU/USD  Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

USD/JPY Intraday:


Pivot: 139.48


USD/JPY  Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

AUD/USD Intraday:


Pivot: 0.6751


AUD/USD  Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

Crude Oil (WTI)‎ Intraday:


Pivot: 67.42


WTI Crude oil,  Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

USD/CAD Intraday:


Pivot: 1.3357


USD/CAD  Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

EUR/USD Intraday:


Pivot: 1.076


EUR/USD Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

GBP/USD Intraday:


Pivot: 1.257


GBP/USD Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

EUR/GBP Intraday:


Pivot: 0.8583


EUR/GBP Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

Nasdaq 100 Intraday:


Pivot:

14715.00


Nasdaq 100 stock index Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.


Our website offers information about investing, trading and saving, but not personal advice. If you're not sure which investments are right for you, please request advice, for example from your financial advisers. If you decide to invest or trade, remember that investments can go up and down in value, so you could get back less than you put in. ©2023 by Chump Profit.


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