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TitleAUDUSD H4 | Bullish reversal off pivot? TypeBullish Bounce Preference: Price is approaching our pivot point at 0.6515, which is at a swing low support level. If price rejects this swing low support, we could expect price to rise to the 1st resistance, at 0.6599, which is an overlap resistance and at the 38.2% fibo […]
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EURUSD, “Euro vs US Dollar” EURUSD has formed an Inverted Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the resistance level at 1.1070. However, the price could correct to 1.0940 and continue its upward movement after […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a correction at the 1.1011 level and started to develop another wave of decline. Today an impulse of decline to 1.0975 has been completed, and a consolidation range has formed around this level. A downward breakout will open the potential for a downward movement to the 1.0940 […]
Daily Market Outlook, August 8, 2023 Munnelly’s Market Commentary… Asian equity markets saw a varied trading session. The initial sense of positivity driven by the favourable performance on Wall Street was dampened as Chinese markets became active participants. Simultaneously, the region had to process disappointing trade data from China. At the start, the Nikkei 225 […]