Home > Dynamic > Analysis of the late...

Analysis of the latest technical prospects of the US dollar index, euro, pound, yen and Australian dollar: focus on the 200-day moving average

2024-02-27

384

The following are the US dollar index (103.8036, 0.0206, 0.02%), euro (1.0846, -0.0005, -0.05%), pound (1.2676, -0.0009, -0.07%), Japanese yen and Australian dollar (0.6533) on Tuesday (February 27) , -0.0007, -0.11%) analysis of the latest technology prospects. #FXtechnicalanalysis#

So far, the U.S. dollar index has been able to remain near the 200-day moving average. The next move will be determined by the index's reaction. If the index rebounds and rises again with strong bull market momentum, it may continue the bull market trend. Conversely, if the index breaks below the 200-day moving average amid strong bear pressure, the bearish trend may continue.

EUR/USD is trying to rise above the 200-day moving average again, heading towards 1.0900. The pair will return to its bullish trend when it closes above the 200-day moving average. However, if there is a close below the 200-day moving average or 1.0800, chances of a decline towards 1.0650 may arise before the bull trend continues.

Key levels of concern today:

Support: 1.0650, 1.0500

Resistance: 1.0800, 1.0900, 1.1000, 1.1120, 1.1185, 1.1300, 1.1360

GBP/USD is currently broadly within the range of 1.2625 to 1.2800. Consolidation will occur within this range and traders will again wait for a break above this range to confirm the next move. In the long term, the trend remains bullish and a close above 1.2800 would be a strong confirmation of a continuation of the bullish trend.

Key levels of concern today:

Support: 1.2625, 1.2200, 1.2100, 1.2000

Resistance: 1.2800, 1.3000

USD/JPY is currently trading near 150.00 without much movement. The pair is still consolidating around this point. As before, if a rally occurs and the pair manages to form a higher swing high, the bullish trend will remain in place in the medium to long term. Meanwhile, if the pair declines and manages to close below the daily moving average of 200, the trend may turn bearish.

Key levels of concern today:

Support: 147.00, 145.00, 142.00, 141.00

Resistance: 150.00

AUD/USD is currently stuck near the 200-day moving average and is still trying to break through. The currency therefore remains likely to fall further. Meanwhile, if the pair continues to fall, another test of 0.6500 points is possible.

Key levels of concern today:

Support: 0.6500, 0.6350, 0.6170, 0.6000

Resistance: 0.6700, 0.6750, 0.6820, 0.7000

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

CM Trade

As a world leading financial trading platform, CMtrade Provides comprehensive one-stop trading services and opportunities for traders.

[Products]

The platform provides over 32 kinds of popular financial products such as forex, precious metals, crude oil, indices, cryptocurrencies and more.

[System]

2 top trading systems CM Trade MT4 / CM Trade APP, powerful and easy to operate

[Service]

Comprehensive market news, professional market analysis, 7*24 hours online customer service

[Advantage]

Low cost, high leverage, flexible one-stop all day two-way trading.

[Authority]

Licensed and strictly regulated by authorities. Traders deposits are independently kept by the bank. Fast deposit and withdrawal. Fair, efficient and transparent trading environment.

Free Access
Daily Trading Strategy Download Now

CM Trade Mobile Application

Economics Calendar

Analysis of the latest technical prospects of the US dollar index, euro, pound, yen and Australian dollar: focus on the 200-day moving average

Access to global trading markets anytime and anywhere