83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

080523 Weekly Analysis

by | May 7, 2023 | Weekly Analysis

08 May 2023             Weekly Analysis   GCMAsia Weekly Report: May 8 – 12   Market Review (Forex): May 1 – 5 US Dollar The Dollar Index which traded against a basket of six major currencies teetered near the brink of collapse as the renewed...

050523 DOLLAR_INDX-Noon

by | May 5, 2023 | Dollar_indx

DOLLAR_INDX, H4: Dollar index was traded lower while currently testing the support level at 101.00. However, MACD which illustrated diminishing bearish momentum suggests the index to trade higher as a technical correction.   Resistance level: 101.90, 101.00...

050523 GBPUSD-Noon

by | May 5, 2023 | GBP/USD

GBPUSD, H4: GBPUSD was traded higher while currently testing the resistance level at 1.2590. However, MACD which illustrated diminishing bullish momentum suggests the index traded lower as a technical correction.   Resistance level: 1.2590, 1.2735 Support level:...

050523 EURUSD-Noon

by | May 5, 2023 | EUR/USD

EURUSD, H4: EURUSD was traded lower following the prior retracement from the resistance level at 1.1070. MACD which illustrated increasing bearish momentum suggests the pair extended its losses toward the support level at 1.0930.   Resistance level: 1.1070,...

050523 USDJPY-Noon

by | May 5, 2023 | USD/JPY

USDJPY, H4: USDJPY was traded lower following the prior breakout below the previous support level at 134.55. However, MACD which illustrated diminishing bearish momentum suggests the pair to trade higher as a technical correction.   Resistance level: 134.55,...