Market Analysis

TitleUS30USD H4 | Bearish reaction off pivot? TypeBearish Reversal Preference: Price has broken through an overlap support previously, becoming an overlap resistance, and could possibly retest it now. Our pivot point is at 33454.9, which is the overlap resistance level. If price rejects this overlap resistance level and closes below, then price could possibly fall […]

EURUSD, “Euro vs US Dollar” EURUSD has secured under the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 1.0550 is expected, followed by a rise to 1.0675. An additional signal confirming the rise will be a […]

EURUSD, ‘Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target might be the support at 1.0500. However, the price could correct to 1.0610 and continue the downtrend after the correction to […]

Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session CLICK HERE! Source: Tickmill

TitleEURGBP H4 | Bearish reversal off 61.8% fibo? TypeBearish Reversal Preference: Price is rising towards our pivot point at 0.8729, which is an overlap resistance, aligning with the 61.8% and 100% fibo projection. Based on Elliot Wave structure that has been plotted out, we have projected the final wave, wave 5 to have its last […]

The primary currency pair exceeded the previous day’s levels on Friday. The current EURUSD exchange rate stands at 1.0575. The US released data for existing homes in September, which dropped to 3.96 million from 4.04 million previously. The forecast was, however, even more pessimistic, suggesting a decrease to 3.89 million homes due to high borrowing […]

The BTC exchange rate skyrocketed to 29,315 USD by Friday. Weekly growth is estimated at almost 10%, with a daily increase of 3.5%. The primary driving factors at present revolve around the submission of applications by large funds to the US Securities and Exchange Commission (SEC) for a licence to launch a spot Bitcoin-ETF. Comments […]

Daily Market Outlook, October 20, 2023 Munnelly’s Market Commentary…  Asia – Asian stock markets experienced a decline to their lowest levels in 11 months on Friday. This drop was driven by the continuous increase in long-term U.S. yields, which placed pressure on market valuations. Investor sentiment was marked by caution due to growing concerns that […]

TitleUSDCAD H4 | Falling to pullback support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.36919 which is an overlap support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37835 which is a swing-high resistance […]

TitleXAUUSD H4 | Potential Bearish reversal? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1954, which serves as an overlap resistance. A reversal from this point could lead to a price drop to the 1st support at 1933, a pullback support level. Alternative scenario:However, if the price breaks above the pivot, it […]

TitleEURJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference: Price is falling to our pivot point at 157.61, which is an overlap support, aligning with the 61.8% fibo retracement and 61.8% fibo projection. Price could rise towards the 1st resistance at 158.52, which is a swing high resistance. Alternative scenario:If price falls below […]

USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken the 200-day Moving Average on H4 and rest below it, indicating an opportunity of a downtrend development. However, the RSI has formed a conversion that reveals price growth. As a result, a test of 4/8 (0.9033) is expected, followed by a breakout of the level […]