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Technical Analysis:Your Daily Dose of Market Insights, May 31, 2023

  • Writer: forex368
    forex368
  • May 31, 2023
  • 1 min read

Headline: Congress Faces Final Test to Avert Default as Debt-Limit Deal Hangs in the Balance; Oil Prices Dip Below $70 per Barrel as Dollar Strengthens Against Peers; China's Economic Woes Send Ripples through Global Markets.

  • Turkish lira trades near record low against dollar read more

  • Chump Profit Morning Brief - Wednesday Edition read more

  • EUROPE Back to data watching, with US debt bill on track read on

  • Oil Price Plunge: Is This a Buying Opportunity Ahead of the OPEC Meeting? read on

  • Asia stocks slump to monthly loss as China data disappoints read on

  • Elon Musk: Tesla boss on first China trip in over three years read on

Key events today

  • US job openings

  • Federal Reserve’s Beige Book

  • Fed’s Patrick Harker, Susan Collins and Michelle Bowman speak at events

Dollar Index (DXY) Intraday


Symbol: DXY

Pivot Level: 104.19


DXY 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


Symbol: XAU/USD

Pivot Level: 1951.56


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:



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: 0.6526


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)‎ West Texas Intermediate:


Pivot: 69.95


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: 1.3594


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: 1.072


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: 1.240


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: 0.8652


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: 14,392


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.


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