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...
US Treasury Yields Surge, Dollar Gains Strength Amid Positive Economic Data
The steep increase in yields of US Treasury bonds across all maturities triggered a correction in the US dollar's value this week. The US currency index tested the resistance level near 102.50...
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...
RBA Catches Traders Offside With Rate Pause
AUD Under PressureThe Aussie Dollar has been under heavy selling pressure across the European morning on Tuesday, following the August RBA meeting overnight. The bank caught markets a little offside...
EURUSD H4 | Bounce off Support level?
TitleEURUSD H4 | Bounce off Support level?TypeBullish BouncePreference:Price is currently at our pivot of 1.09792 which is an overlap support that aligns with 61.8% Fibo retracement, A bounce off from...
Daily Market Outlook, August 1, 2023
Daily Market Outlook, August 1, 2023Munnelly’s Market Commentary… Asian equity markets showed a mostly positive trend, taking cues from Wall Street's S&P 500, which marked its 5th consecutive...
AUDUSD H4 | Bearish momentum
TitleAUDUSD H4 | Bearish momentumTypeBearish ReversalPreference:Price has reversed from the pivot point of 0.67351 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement...
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