Latest Market News
TitleGBPJPY H4 | Potential bearish reversal? TypeBearish Reversal Preference:Price is falling from our pivot point at 182.898, a pullback resistance, and is moving to our 1st support at 180.492, multi-swing low support. Alternative scenario: Price could break the pivot point at 182.898 and rise to our 1st resistance level at 184.031, a pullback resistance. To […]
Daily Market Outlook, December 13, 2023 Munnelly’s Market Minute… Asia – Asia-Pacific stocks traded mixed as investors were cautious ahead of the FOMC announcement. The Nikkei 225 increased modestly thanks to an encouraging Tankan survey, which showed improved sentiment among Japan’s large manufacturers and non-manufacturers. On the other hand, the KOSPI fell due to an […]
EURUSD, “Euro vs US Dollar” EURUSD has escaped a consolidation range upwards, finishing a growth wave at 1.0826. Next, the price completed a decline impulse to 1.0766. Today the market is forming a new consolidation range around 1.0788. With an escape upwards, the correction could continue to 1.0844. With an escape downwards, the potential for […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, revealing the prevalence of a downtrend. A test of the lower Cloud boundary at 1.0795 is expected, followed by a decline to 1.0655. The decrease might be additionally supported by a rebound from the upper boundary […]
TitleUSDCHF H4 | Reversing to support level? TypeBearish Reversal Preference:Price is reacting off our pivot line at 0.87631, a pullback resistance, and is falling to the 1st support at 0.86884, a swing low support Alternative scenario:Price could break the pivot line at 0.87631 and rise to the 1st resistance level at 0.88095 a pullback resistance […]
TitleNZDUSD H4 | Potential bearish breakout TypeBearish Reversal Preference:Price has broken under the pivot point of 0.61079 which is an overlap support and could potentially drop lower from here; we could see momentum carry price down to its 1st support at 0.60158 which is a pullback support level. Alternative scenario:If price reverses from the pivot […]