Day: October 5, 2023
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EURUSD, “Euro vs US Dollar” EURUSD is correcting after an attempt to break the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0535 is expected, followed by a decline to 1.0345. An additional signal confirming the decline will be a rebound from […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern near the support area. Currently, the instrument is going by the reversal signal in an ascending wave. The pullback target could be 1837.50. Upon testing the resistance, the price might rebound from this level and form a descending wave. However, the quotes could […]
TitleUSDJPY H4 | Downside confirmation? TypeBearish Reversal Preference: Price is currently at our pivot point at 148.5, which is a pullback resistance level. A reversal from this point could lead to a price drop to the 1st support at 147.753, a pullback support level. Alternative scenario:However, if the price breaks above the pivot, it might […]
Daily Market Outlook, October 5, 2023 Munnelly’s Market Commentary… Asian equity markets mostly traded higher, finding relief as risk assets rebounded with yields retreating from recent highs after weak US ADP jobs data and a drop in oil prices. The Nikkei 225 led the gains, up 1.6%, breaking a five-day losing streak. Meanwhile, the KOSPI […]
The Japanese yen stabilised against the US dollar. The current USDJPY exchange rate stands at 149.27. The JPY quotes increased in response to news about talks on interventions. Last autumn, Japanese authorities intervened in currency trades when the yen dropped to 145.90 per US dollar. This time, the dollar managed to reach 150.11 JPY, but […]