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

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.


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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