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<b> MARKET</b> ANALYSIS <b> MARKET</b> ANALYSIS

MARKET ANALYSIS

Cutting-Edge Market Commentary for Informed Strategy Making

DAILY TECHNICAL ANALYSIS  21/03/2023

DXY

The DXY since the beginning of the month has fluctuated between 105.626 and 103.523.
Yesterday it managed to break below the 103.523 level, this is not good for the dollar, if the day closes and remains below this level, we may see more downward movement.


AMD

AMD has been trading in a bearish channel for a long time as the latest news about AI programs has pumped the stock.

Price managed to break the channel and make new higher highs, now the price has found resistance at 97.94 so we may see a correction to 88.97 and after we may see more moves to the upside.

If the price breaks below this level, we may see the price go towards 79.10 or lower levels.



USDCAD

USDCAD has broken the 4-hour trendline, the price has now found support at 1.36720, if the price breaks below this level, it means the uptrend may be over. And we may see the price drop. If the price bounces and breaks above the 1.38190 level, it means that the prevailing trend is still active.




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