Day: October 6, 2023

TitleBCOUSD H4 | Bearish momentum persists TypeBearish Reversal Preference:Price could rise towards the pivot point of 85.906 which is a pullback resistance and potentially reverse from here; we could see momentum carry price down to its 1st support at 83.087 which is a pullback support level. Alternative scenario:If price breaks above the pivot point, it […]

Daily Market Outlook, October 6, 2023 Munnelly’s Market Commentary…  Asian equity markets mostly traded with mixed results amid uncertainty in global markets. Japan’s Nikkei 225 showed slight gains, while Hong Kong’s Hang Seng outperformed due to strength in various sectors. Market sentiment remained cautious as investors awaited the release of the US Non-Farm Payrolls report, […]

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