Day: October 10, 2023
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is approaching the support line. In this situation, a downward breakout of the 6/8 (0.6408) level could be expected, followed by a decline to the support at 4/8 (0.6347). The scenario […]
XAUUSD, “Gold vs US Dollar” Gold is growing after a breakout of the lower Cloud boundary. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper boundary of the Cloud at 1870 is expected, followed by a decline to 1805. A signal confirming the decline could be a […]
TitleGBPJPY H4 | Bearish reversal off pivot? TypeBearish Reversal Preference:Price is rising towards our pivot point at 182.92, which is a multi-swing high resistance level. If price rejects our pivot point, then price could fall to the 1st support at 181.09, which is a a pullback support and at the 38.2% fibo retracement. Alternative scenario:If […]
TitleDE30EUR H4 | Bearish reaction off 61.8% fibo? TypeBearish Reversal Preference: Price is approaching our pivot point at 15281.4, which is an overlap resistance, aligning with the 61.8% fibo retracement and 78.6% fibo projection. If price rejects our pivot point, then price can head towards the 1st support at 15083.9, which is a swing low […]
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EURUSD, “Euro vs US Dollar” EURUSD are below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downwards breakout of 6/8 (1.0498) is expected, followed by a decline to the support at 5/8 (1.0376). The scenario can be cancelled by […]
The BTC quotes on Monday are consolidating near 27,949 USD. Nothing happened in the cryptocurrency sector over the last few days. The market remains without a key idea. As one, it could have accepted the licensing of bitcoin ETF or investors massively fleeing from risks in fiat markets. However, nothing has changed yet. To proceed […]
Daily Market Outlook, October 9, 2023 Munnelly’s Market Commentary… Asian equity markets mostly traded lower in quiet markets, with concerns about geopolitical tensions and a surprise multi-front attack by Hamas on Israel weighing on sentiment. The conflict led to a flight to safety, boosting T-note futures and gold prices. Oil prices also surged amid heightened […]
TitleNZDUSD H4 | Rising into resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.59898 which is a pullback resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.59334 which is a pullback support level. Alternative scenario:If price breaks above the pivot […]