TitleUSDJPY H4 | Downside confirmation?TypeBearish ReversalPreference:Price is currently at our pivot point at 148.5, which is a pullback resistance level. A reversal from this point could lead to a...
Daily Market Outlook, October 5, 2023
Daily Market Outlook, October 5, 2023Munnelly’s Market Commentary… Asian equity markets mostly traded higher, finding relief as risk assets rebounded with yields retreating from recent highs after...
Cautious Markets React to Disappointing Jobs Data and Oil Inventory Surge
Oil prices resumed their downward trend on Wednesday following the release of employment data from ADP:Job growth was significantly lower than expected, with only 83K jobs added compared to the...
The price of Bitcoin has tested the level of 28500. However, Bitcoin didn’t manage to hit the key levels of 29000 and 30000. The asset’s price might still retest the broken downtrend, rebound, and...
GBPUSD H4 | Rising into resistance?
TitleGBPUSD H4 | Rising into resistance?TypeBearish ReversalPreference:Price could rise towards the pivot point of 1.21038 which is a pullback resistance that aligns with the 23.6% Fibonacci...
AUDUSD H4 | Bearish reaction off 23.6% Fibo resistancve
TitleAUDUSD H4 | Bearish reaction off 23.6% Fibo resistancveTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.63299 which is a pullback resistance that aligns with the 23.6%...
US ISM Services Release: Dollar's Downward Pressure Expected as Markets Positioned for a Rebound
The dollar entered a correction phase on Wednesday as market participants took advantage of the fact that major currencies paired with the dollar had been depreciating at a fairly high pace over the...
USDCAD H4 | Falling to pullback support?
TitleUSDCAD H4 | Falling to pullback support?TypeBullish BouncePreference:Price is falling towards the pivot point of 1.3691 which is a pullback support level and could potentially reverse from here;...
EURJPY H4 | Bullish bounce off pivot?
TitleEURJPY H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price has been ranging the past few weeks, and could continue to range from our pivot point at 156.76, to the 1st resistance at...
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