Latest Market News
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the Tenkan-Sen line of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2605 is expected, followed by a rise to 1.2845. An additional signal confirming the rise will be a rebound from […]
EURUSD, “Euro vs US Dollar” The currency pair has extended a consolidation range upwards to 1.0862. The market has started an abrupt decline to 1.0782 on the news. This is the first target. After the quotes reach this level, a correction to 1.0822 might follow. Next, a wave of decline to 1.0730 might begin. GBPUSD, […]
Daily Market Outlook, June 14, 2023 Munnelly’s Market Commentary… Asian equity markets traded with a somewhat mixed performance as the region displayed caution ahead of the Federal Open Market Committee (FOMC) policy announcement. The Nikkei 225 index extended its gains by 1.5%, benefiting from recent currency movements and widespread anticipation that the Bank of Japan […]
Tesla Rally Continues Shares in Tesla are trading higher pre-market as the stock’s bull run continues. The recovery off the April lows has seen Tesla shares advancing more than 70%, now up over 155% on the year so far. Shifting Fed expectations have been a huge driver behind the aggressive move higher in tech stocks […]
TitleBCOUSD H4 | Running into 50% Fibo resistance TypeBearish Reversal Preference: Price could approach the pivot point of 75.267 and potentially reverse from here; we could see momentum carry price down to its 1st support of 72.132. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 77.519. To discuss […]
TitleAUDJPY H4 | Bullish bounce from pivot TypeBullish Bounce Preference:Price could approach the pivot point of 94.584 and potentially reverse from here; we could see momentum carry price up to its 1st resistance of 95.52. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 93.812. To discuss this trading […]