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The BTC exchange rate dropped to 29,190 USD on Wednesday. The risks of the price testing the local low near 28,585 USD are still relevant. Critical support levels remain at 28,600 USD and 28,350 USD, with resistance at the 30,300 USD mark. The stability of the flagship cryptocurrency is crucial for a few more weeks […]
The Japanese yen paired with the US dollar is devaluing at a rapid pace. The current USDJPY exchange rate stands at 145.49. Due to the interest rate differential and monetary sentiment, the JPY exchange rate remains under significant pressure. This is occurring even amid a slight adjustment in the Bank of Japan’s monetary policy. Japan’s […]
TitleGBPUSD H4 | Potential bearish reversal? TypeBearish Reversal Preference: Price is approaching our pivot point of 1.27405 which is a multi swing high resistance that aligns with 61.8 % Fibo retracement. A reverse from here, price could fall to 1st support at 1.26725 Alternative scenario: However, if price breaks above the pivot, it could push […]
Daily Market Outlook, August 16, 2023 Munnelly’s Market Commentary… Asian equity markets faced downward pressure in response to declines on Wall Street, reflecting a broad risk-off sentiment triggered by global macroeconomic challenges, notably the recent string of weak data from China. The Nikkei 225 index extended its losses, falling below the 32K handle. Major stock […]
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