Day: May 23, 2023

TitleAUDUSD H4 | A bounce off 23.6% TypeBullish Bounce Preference:Price has just bounced off our pivot point off 0.66282 which aligns with a 23.6% Fibonacci retracement. A reverse from here, price could rally to 1st resistance at 0.66704 which is a multi swing high resistance. Alternative scenario:However, if it breaks below, it could fall to […]

TitleETHUSD H4 | Bullish bounce TypeBullish Bounce Preference:Price has bounced off the pivot point of 1792.65 and could continue to climb higher, we could see momentum carry price up to its 1st resistance of 1848.31. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1759.84. To discuss this trading […]

Tech Stocks Boosted by Powell  Shares in Tesla are trading higher ahead of the open today. The stock is benefiting from a combination of factors currently. Dovish comments from Fed chairman Powell on Friday have fuelled a sharp repricing of US rates with the market now projecting a lengthy pause through to November at which […]

Daily Market Outlook, May 22, 2023 Asian equities are mostly in the green as US President Biden’s optimistic remarks at the G7 summit in Japan suggested a potential improvement in relations with China in the near future. Speculation arose regarding the lifting of certain sanctions previously imposed. Nevertheless, market sentiment remained constrained due to ongoing […]