TitleUSDJPY H4 | Bullish reversal from 38.2% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 141.324 and could potentially reverse from here; we could see momentum carry...
Daily Market Outlook, June 20, 2023
Daily Market Outlook, June 20, 2023Munnelly’s Market Commentary… Most Asian equity markets experienced a decline in the absence of guidance from Wall Street, as the Juneteenth holiday and the...
EURUSD H4 | Reversal from recent swing-high
TitleEURUSD H4 | Reversal from recent swing-highTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.09549 and could potentially reverse from here; we could see momentum carry...
US currency struggles to extend downside correction
US currency struggles to extend downside correction and upside pressure gradually takes upper hand. The dollar index (DXY) bounced back from 102 and rose to 102.50 points.Risk assets are also awaiting...
GBPUSD H4 | Potential bounce off support level
TitleGBPUSD H4 | Potential bounce off support levelTypeBullish BouncePreference:Price is falling towards our pivot point of 1.26815, which serves as a pullback support level. It aligns with both a...
USDJPY Pull Back As Traders Await Fed Comments
Muted USD Action for NowThe US Dollar looks to have fallen into limbo on the back of the FOMC last week. On the one hand, a pause in tightening from the Fed has seen USD weaken on the view that this...
Daily Market Outlook, June 19, 2023
Daily Market Outlook, June 19, 2023Munnelly’s Market Commentary… Asian equity markets traded in negative territory overnight as investors reacted to the losses on Wall Street from Friday. Market...
Yen Left Adrift as Bank of Japan’s Dovish Position Holds Steady
The dollar is gradually recovering after major losses last week:The plunge occurred on Thursday following the release of the US import price data. In May, import prices declined by 0.6% for the month,...
Bitcoin Bulls Seize the Initiative: What’s Next?
Bitcoin rebounded from the supporting level of 25200 and formed the hammer at the end of the trading week. The asset is likely to enter the resistance zone formed between levels 30000 and 31000,...
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