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Daily Market Outlook, December 8, 2023 Munnelly’s Market Minute… Asia – Most stocks traded higher, but gains were limited due to cautious sentiment ahead of the US NFP jobs report and recent BoJ speculation. The Nikkei 225 underperformed due to a firmer currency and downward revision in Japan’s Q3 GDP. The Hang Seng and Shanghai […]
Title:USDCHF Day I Falling from Fibo confluence? TypeBearish Reversal Preference:The price is rising toward our pivot point of 0.8886, which serves as a pullback resistance level aligning with the 38.2 and 50% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 0.86199 Alternative scenario:However, if the price […]
In the latter half of the week, bearish pressure on European currencies has somewhat eased, with EURUSD consolidating in the range of 1.0750-1.08 and GBPUSD at 1.25-1.26. This hints that the upcoming direction may be influenced, to some extent, by the Non-Farm Payrolls, and the upcoming Federal Reserve meeting next week. Recent economic activity indicators […]
Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session use the links below ES https://youtu.be/HflkbQ_xe6g?si=LgiJS4_oUWs2CbQD NQ https://www.youtube.com/watch?v=1uNibIIl3Dc YM https://youtu.be/zouJ5u6sLHw?si=ry44jddl4roTHTor Source: Tickmill
Brent Brent quotes and the RSI have reached their respective oversold areas on H4. In this situation, the instrument is expected to rise above 0/8 (75.0), subsequently reaching the resistance line at 1/8 (78.12). The scenario could be cancelled by a downward breakout of the support at -1/8 (71.88). In this case, the quotes could […]
TitleEURUSD H4 | Potential bullish bounce? TypeBullish Bounce Preference: The price could bounce off our pivot point at 1.07567, a pullback support and rise towards our 1st resistance at 1.08296, an overlap resistance. Alternative scenario: The price could break the pivot point at 1.07567 and fall to the 1st support at 1.06613, a pullback […]