Market Analysis

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the signal lines of the indicator. The instrument is going inside the Ichimoku Cloud, which suggests sideways dynamics. A test of the lower border of the indicator at 1.2680 is expected, followed by a rise to 1.2970. A signal confirming the rise will be […]

Daily Market Outlook, June 27, 2023 Munnelly’s Market Commentary…  Asian equity markets had a mixed performance overnight as the risk sentiment gradually improved following a mostly negative performance in the US market. The major indices in the US were subdued as the quarter-end approached, with the Nasdaq underperforming due to weakness in the technology and […]

HSBC Opens Up Bitcoin Access Following a sharp rally last week which saw Bitcoin prices breaking out to fresh highs for the year, the leading crypto asset has since cooled a little, falling back below that prior 2023 high. However, with price up more than 20% off the June lows, bullish momentum is still very […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has broken the 200-day Moving Average on H4 and is above the line now, revealing the probable development of an uptrend. The RSI is testing the resistance line. As a result, a test of 7/8 (0.6774) is expected, followed by a breakout and a rise to the resistance […]

The market’s most traded currency pair is rising on Tuesday. The current EURUSD quote is 1.0930. The macroeconomic calendar did not give the market any reasons for currency movements at the beginning of the week. The background was subdued, allowing investors a short pause. Things are about to change today. This morning has already given […]

TitleAUDUSD H4 | Potential bounce off support level TypeBullish Bounce Preference: Price is falling to  to our pivot point of 0.66357 which is an overlap support level that aligns with 61.8% Fibo retracement and 78.6% Fibo Projection. A bounce off from here, price could rally to 1st resistance at 0.67063 Alternative scenario:However, if price breaks […]

TitleEURUSD H4 | React off 38.2% TypeBearish Reversal Preference: Price is currently at our pivot point of 1.09038 which aligns with a 38.2% Fibo retracement. A reverse from here, price could fall to 1st support at 1.08497 which is an overlap support. Alternative scenario: However, if price breaks above the pivot, It could rally to […]

The Australian dollar is consolidating after a crash against the US dollar. The current AUDUSD quote is 0.6685. After the decisive steps made by the RBA, investors are pausing to sort out their portfolios and calm down their nerves. All the important statistics have already been published, so it is time to account for it […]

Bitcoin has tested the resistance at the level of 31000 without breaking it. The asset’s price is likely to rebound and drop. However, it would be wise to observe the candlestick formations because the asset might still break this level through and jump. So, let’s see what might happen next. Gold is heading down, it […]

Hunt to Meet UK Industry Leaders The Chancellor of the Exchequer Jeremy Hunt is due to meet with industry leaders in the UK this week in a bid to establish how government and industry can work together to tackle inflation. The meetings come on the back of PM Rishi Sunak warning that the government will […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 3/8 (1.0925) and thus reach the resistance level of 4/8 (1.0986). The scenario can be cancelled […]

The BTC exchange rate is about 30,250 USD on Monday. Over the past 24 hours, the flagship cryptocurrency has been moderately declining. However, it has gained about 14.5% within a week. The last week was victorious for BTC as the leading cryptocurrency saw the most significant weekly result since March of this year. The weekly […]