Day: October 11, 2023
EURUSD, “Euro vs US Dollar” EURUSD has made a rising movement to 1.0619. Today the market is forming a consolidation range under this level. With an escape from the range upwards, the potential for a wave of growth to 1.0672 could open, followed by a link of correction to 1.0595 (with a test from above). […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has broken the resistance line. In this situation, the price is expected to rise above the 7/8 (149.21) level, reaching 8/8 (150.00) later. The scenario can be cancelled by a downward […]
On Wednesday, markets saw growing speculation that the Federal Reserve won’t be able to sustain high interest rates for an extended period. This is due to the recent surge in Treasury bond yields, especially the long-term ones, which inherently exerts a strong disinflationary effect. The Central Bank (CB) itself acknowledged this, and in a previous […]
TitleEURJPY H4 | Potential bearish reversal TypeBearish Reversal Preference: Price is rising towards the pivot point of 158.26 which is a pullback resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 156.698 which is an overlap support level. Alternative scenario: If price breaks above […]
Unauthorised firm details Name: INVESTORMEX Email: [email protected] Website: www.investormex.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.
Unauthorised firm details Name: Cyber Rex Ltd Email: [email protected] Website: www.cyberexltd.com Other Information: aka Cyberex Ltd Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.0555 is expected, followed by a rise to 1.0750. An additional signal confirming the rise will be a rebound from the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.3690. Next, the price might break the resistance and continue the uptrend. However, the quotes could correct to 1.3555 before rising. AUDUSD, […]
Daily Market Outlook, October 11, 2023 Munnelly’s Market Commentary… Asian equity markets followed the positive global sentiment driven by recent dovish comments from the Federal Reserve and optimism regarding potential stimulus measures in China. The Nikkei 225 gained, briefly surpassing the 32k handle. Hang Seng and Shanghai Comp. also traded higher, with expectations of increased […]
Unauthorised firm details Name: Covotent Address: 5175 Williams Street, Rapid City, South Dakota, UNITED STATES OF AMERICA, SD 57703 Telephone: 16053932720 Email: [email protected] Website: www.covotent.com Other Information: aka Covotent Capital Corporation Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They […]