TitleNZDUSD H4 | Rising into 61.8% Fibo resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.61869 and could potentially reverse from here; we could see momentum carry...
Daily Market Outlook, June 12, 2023
Daily Market Outlook, June 12, 2023Munnelly’s Market Commentary… Asian equity markets traded with a mixed tone as the region approached a week filled with significant risk events, including major...
EUR/USD and Silver Bears are Still in the Game
Last week the currency pair EUR/USD remained in the range and formed a pattern resembling a flag and signifying the potential continuation of the trend. Should the asset break the lower boundary of...
GBPUSD Day | React off resistance
TitleGBPUSD Day | React off resistanceTypeBearish ReversalPreference:Price is currently at our pivot point of 1.25776 which is a pullback resistance level. A reverse from here. price could fall to 1st...
EURUSD H4 | Potential bearish reversal
TitleEURUSD H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is currently at our pivot point of 1.07753 which is a swing high resistance level. A reverse from here, price could fall...
How Will ECB Meeting Drive EUR Next Week?
ECB On Watch Next Week Looking ahead to next week, the other main focus for traders away from the Fed will be the ECB. The bank is widely expected to hike rates by a further .25%, in line with recent...
USDCHF H4 | Bounce off Fibo confluence
TitleUSDCHF H4 | Bounce off Fibo confluenceTypeBullish BouncePreference:Price has just bounced off from our pivot point of 0.89806 which aligns with a 50% and 78.6% Fibo retracement. A bounce off from...
Markets Struggle to Pin Down a Turning Point in US Expansion
The dollar hit a corrective low yesterday following the release of US labor market data:The US Dollar Index (DXY) fell below the 104.40 level, marking a low point in the retracement since the...
CAD Soars On Surprise BOC Rate Hike
BOC Hikes AgainThe Bank of Canada yesterday caught markets somewhat off-guard as it announced a fresh rate hike, the first since pausing its tightening campaign in January. The BOC hiked rates from...
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