Day: October 19, 2023
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured under the lower boundary of the Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.2145 is expected, followed by a decline to 1.1945. An additional signal confirming the decline will be a […]
TitleGBPJPY H4 | Bullish reversal off 100% fibo? TypeBullish Bounce Preference: Price is falling towards our pivot point at 181.13, which is an overlap support, aligning with the 100% fibo projection and 50% fibo retracement, which shows that there is fibo confluence here. Price could potentially bounce off our pivot point and rise towards the […]
Bitcoin has tested the key level of 30000 and dropped. The asset’s price is likely to approach the level of 25000, gain the required support, rebound, and rise. Of course, it can also dive even deeper. However, the jump is more likely to happen. Let’s observe which scenario is going to work out. Apple stock […]
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USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes and the RSI on H4 are nearing the overbought area. In this situation, a test of 8/8 (150.00) is expected, followed by a rebound from this level and a decline to the support at 6/8 (148.43). The scenario can be cancelled by rising above 8/8 (150.00). In […]
Daily Market Outlook, October 18, 2023 Munnelly’s Market Minute… Asia – Asian stocks displayed a mixed performance, influenced by escalating tensions in the Middle East ahead of US President Biden’s visit to Israel. The cancellation of scheduled meetings with the Palestinian President and Arab countries added to the geopolitical uncertainty. In economic news, China reported […]
TitleUSDCAD H4 | Bullish bounce off overlap support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.36075 which is an overlap support that aligns with the 100.0% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.36901 which is a multi-swing-high […]