Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- 【XM Forex】--NZD/USD Forex Signal: Faces Resistance
- 【XM Market Review】--Coffee Arabica Weekly Forecast: Another Solid Pop Higher and
- 【XM Forex】--GBP/USD Forex Signal: Little Movement Likely as Both Currencies Stro
- 【XM Market Analysis】--USD/JPY Forecast: US Dollar Continues to Rally Against Yen
- 【XM Group】--Gold Analysis: XAU/USD Stable Amid Holiday Trading
market analysis
The golden four-hour watershed determines whether it can continue, and treats it on the transition day of Europe and the United States
Wonderful Introduction:
Youth is the nectar made of the blood of will and the sweat of hard work - the fragrance over time; youth is the rainbow woven with endless hope and immortal yearning - gorgeous and brilliant; youth is a wall built with eternal persistence and tenacity - as solid as a soup.
Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: Whether the golden four-hour watershed can be continued, and the treatment of the European and American transition day is the day of treatment." Hope it will be helpful to you! The original content is as follows:
Dollar Index
In terms of the performance of the US dollar index, the US dollar index showed a downward trend on Tuesday. The price of the US dollar index rose to 97.967 on the day, and fell to 97.276 on the lowest, and finally closed at 97.332. Looking back at the market performance on Tuesday, the price fluctuated first in the early trading period, and then the European session was under pressure again and broke the early trading low. At the same time, the US session hit a low point this week again, and the price finally ended with a big negative.
From a multi-cycle analysis, the price is suppressed in the 98.90 area resistance at the weekly level. From a medium-term perspective, the trend of the US dollar index will be more bearish, but it is key to pay attention to whether it can break up in the future. At the daily level, the price broke through the daily resistance in the early stage, but yesterday and fell below the daily support again. Therefore, the current daily watershed 97.80 position has become a key watershed in the band trend. The price is under pressure at this position and will only continue after breaking up again. From a four-hour perspective, after falling below the four-hour support last Friday, the price is currently running below the four-hour resistance position. The current four-hour resistance is at 97.80. This position just resonates with the daily resistance, so the subsequent focus is on the gains and losses of this position. Once it stands up again, it is expected to continue soaring. Today can be treated as a transition day for the time being. The price on the hour is currently showing further upward performance in the short term, so we will not chase short for the time being, focus on the gains and losses of the 97.80 position, and temporarily treat it according to the right-hand trading method.
The US index today is treated as a transition day, focusing on the gains and losses of the 97.80 watershed
Gold
In terms of gold, the gold price overall showed an upward trend on Tuesday. The price rose to the highest point on the day, and the lowest point fell to the 3383.21 position and closed at 3431.46 position. Regarding Tuesday's price fluctuation and downward correction after fluctuation during the early trading session, the decline was weak mainly due to fluctuations during the European session. The US rose before the session and the US hit a high point this week again, and the daily line ended with a big positive.
From multi-cycle analysis, first observe the monthly line rhythm. The price runs at the rhythm in May as the author said, and the final cross state. The final price in June is still in an anti-K state. For the current needs to pay attention to the gains and losses of the monthly line highs. From the weekly level, prices on the weekly line have continued to fluctuate at high levels recently. As time goes by, the weekly watershed is temporarily at 3325. The price is relatively large above this position. The subsequent weekly closing of the weekly line will be further under pressure at this position. The market is still maintaining high fluctuations. According to the daily level, the price last week was running above the daily support position. Although the price fell back many times, it did not break down in the end. Currently, the price is currently above the daily support 3350 position and the price will continue after it breaks down. According to the four-hour level, the current price will continue to rise based on the four-hour support. At the position, we will pay attention to the 3400 regional support. This position will not break but will be treated more often, but once it breaks down, you need to pay attention to subsequent adjustments. From an hour's perspective, yesterday's price closed strongly. Today's Asian session rose and fell below the early low. This is not a very strong way for the time being. Short-term prices have continued to adjust, so don't chase long for the time being. Focus on the support of the 3395-3400 range. It is currently close to the monthly high and historical high, and it still needs to be treated with caution in the future.
Gold did not break the four-hour support 3395-3400 before, and after breaking down, it will be adjusted in time
Europe and the United States
In terms of Europe and the United States, prices in Europe and the United States generally showed an upward trend on Tuesday. The price fell to 1.1678 on the day and rose to 1.1760 on the spot and closed at 1.1753 on the spot. Looking back at the performance of European and American markets on Tuesday, the price continued to fluctuate near the daily resistance during the early trading session, and neither the price was strong enough. However, the price bottomed out and rebounded after the session, and finally closed strongly again, with a big positive ending in the daily line.
From a multi-cycle analysis, from the perspective of the monthly line level, Europe and the United States are supported at 1.0950, so long-term bulls are treated, and the monthly line ends with a big positive, so long-term bullishness is still relatively large. From the weekly level, the price is supported by the support of the 1.1470 area, and from the perspective of the mid-line, the price decline is temporarily treated as a correction in the mid-line rise. From the daily level, the price falls below the daily support in the previous period, and the current price is suppressed below the daily resistance, the sameAt yesterday's closing, the daily resistance position was above the daily resistance position. The key is to pay attention to whether the rise can be further continued. At the position, the focus is on the 1.1680 watershed. Today, as a whole, it can be treated as a transition day and pay attention to the final closing performance. From the four-hour level, we need to pay attention to the 1.1700 regional support. The price is relatively long at this position. We will temporarily treat it according to the right trading method. The price will be adjusted downward in the short term in one hour, so don’t chase long for the time being. Wait for the price to fall back and then make a lot of layout after four hours of support. At the same time, if the daily support is unexpectedly broken, you need to continue to pay attention to the short-term continuation, otherwise the main one is the most on the right.
Europe and the United States have a range of 1.1690-1.1700, with a defense of 50 points, and a target of 1.1770-1810 (if the daily watershed is broken, it will continue to be under pressure, today is the transition day)
[Finance data and events that are focused on today] Wednesday, July 23, 2025
①U.S. President Trump delivered a speech
②22:00 Eurozone July Consumer Confidence Index
③22:00 The total number of existing home sales in the United States in June has been annualized
④22:30EIA crude oil inventories in the United States to July 18th week
⑤22:30EIA Cushing crude oil inventories in the United States to July 18th week
⑥22:30EIA strategic oil reserve inventories in the United States to July 18th week
⑦04:00The next day Tesla US stocks announced their financial results after the market
Note: The above is only personal opinions and strategies, for review and eouu.cnmunication only, and does not give customers any investment advice. It has nothing to do with customers' investment, and is not used as a basis for ordering.
The above content is all about "[XM official website]: Whether the golden four-hour watershed can be continued, and the treatment of the European and American transition day" is carefully eouu.cnpiled and edited by the editor of XM Forex. I hope it will be helpful to your transactions! Thanks for the support!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here