TitleUSDCAD H4 | Running into resistance?TypeBearish ReversalPreference:Price is rising towards the pivot point of 1.33867 which is a swing-high resistance and could potentially reverse from here; we...
GBPUSD H4 | Bullish bounce off pivot point?
TitleGBPUSD H4 | Bullish bounce off pivot point?TypeBullish BouncePreference:Price is approaching our pivot point at 1.2677, which is an overlap support level, right above the 100% fibo projection....
Daily Market Outlook, August 3, 2023
Daily Market Outlook, August 3, 2023Munnelly’s Market Commentary… Asian equity markets have largely followed the weakness seen in global peers, including Wall Street. The US rating downgrade, AMD...
BOJ Bond Purchases Causing USDJPY Volatility
USDJPY Driven by BOJ OperationsUSDJPY is on watch today after the BOJ announced its second unplanned set of JGB purchases this week. The BOJ offered to purchase 300 billion JPY worth of 5-10yr bonds...
USDCHF H4 | Bearish reaction off 38.2% Fibo?
TitleUSDCHF H4 | Bearish reaction off 38.2% Fibo?TypeBearish ReversalPreference:Price is rejecting the 38.2% fibo retracement level, which is the pivot point at 0.8776. Price could potentially form a...
Daily Market Outlook, August 2, 2023
Daily Market Outlook, August 2, 2023Munnelly’s Market Commentary… Asian equity markets are trading lower, following a negative lead from Wall Street. The sentiment has been dampened by higher yields...
USDCAD H1 | Potential bearish divergence?
TitleUSDCAD H1 | Potential bearish divergence?TypeBearish ReversalPreference:Price has just reacted off out pivot point of 1.33012 which is a multi swing high resistance level. A reverse from here,...
GBPUSD H4 | Potential bullish reversal?
TitleGBPUSD H4 | Potential bullish reversal?TypeBullish BouncePreference:Price is currently at our pivot point of 1.27734 which is an overlap support that lines up with 61.8% Fibo projection. A bounce...
US Suffers Second Credit Rating Downgrade in A Decade
US Data DisappointsThe US Dollar is trading higher today as stocks come under pressure on the back of weak US data yesterday and a ratings downgrade from Fitch. On the data front, the US ISM...
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