Daily Market Outlook, August 22, 2023Munnelly’s Market Commentary… Asian equity markets exhibited mixed trading overnight, mirroring a similar performance seen in the United States. In the US, the...
EURJPY H4 | Bearish reversal off 127.2% fibo extension?
TitleEURJPY H4 | Bearish reversal off 127.2% fibo extension?TypeBearish ReversalPreference:Price is approaching our pivot point at 159.77, which is at the 127.2% fibo extension. If price does not...
USDCHF H4 | Bearish reaction off 78.6% fibo projection?
TitleUSDCHF H4 | Bearish reaction off 78.6% fibo projection?TypeBearish ReversalPreference:Price has reacted off the pivot point at 0.8820, which is an overlap resistance and at the 78.6% fibo...
Daily Market Outlook, August 21, 2023
Daily Market Outlook, August 21, 2023Munnelly’s Market Commentary… Asian equity markets traded in a mixed trading pattern as the disappointment stemming from the People's Bank of China's...
EURUSD H4 | React off resistance level?
TitleEURUSD H4 | React off resistance level?TypeBearish ReversalPreference:Price is rising toward our pivot point of 1.09049 that aligns with 23.6% FIbo retracment. A reverse from here, price could...
Three Reasons to Expect that the Dollar Rally could Gain Momentum
Retracement in US equities gains traction, but it appears to be proceeding in an orderly manner: the S&P 500 has been declining for six consecutive sessions, but it is not losing more than 1% per...
Rising US Yields Push Equities into Turmoil, Gold into Deeper Downside
The yield on long-term US bonds has risen to the highest level of the year, which is also the highest level since the end of 2007:Clearly, investors believe that the expected Fed monetary policy...
CADJPY H4 | Bullish bounce from 61.8% Fibo
TitleCADJPY H4 | Bullish bounce from 61.8% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 106.887 which is an overlap support that aligns close to the 61.8% Fibonacci...
GBPJPY H4 | Potential Bullish Bounce off 23.6% Fibo?
TitleGBPJPY H4 | Potential Bullish Bounce off 23.6% Fibo?TypeBullish BouncePreference:Price has reversed from the previous bullish run, and could become bearish in the long run. If price reaches our...
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