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TitleUSDCHF H4 | Potential Bullish Bounce off 23.6% Fibo? TypeBullish Bounce Preference:Price could potentially bounce off the 23.6% fibo, which is at our pivot point at 0.8757. If price does not break below the pivot point, then price could rise to the 1st resistance at 0.8827, which is at the 61.8% fibo retracement, and an […]

Daily Market Outlook, August 21, 2023 Munnelly’s Market Commentary…  Asian equity markets traded in a mixed trading pattern as the disappointment stemming from the People’s Bank of China’s (PBoC) decision on Loan Prime Rates overshadowed recent support measures implemented by China. The Nikkei 225 index experienced a positive trend due to Japan’s announcement of the […]

Bitcoin has dropped. The asset’s price is now approaching a very important supporting zone formed between levels 24800 and 25200. This zone might drive Bitcoin up. So far, the Bitcoin move can be considered a mere correction. In this case, it would be wise to check the price movements, that is, the candlestick formations next […]

The market’s most traded currency pair is neutral on Monday. The current EURUSD exchange rate stands at 1.0889. The currency market’s sympathies remain on the side of the US dollar, owing to both the global risk aversion of investors and the content of the minutes of the last Fed meeting. Signals from China are mixed, […]

TitleUSDCHF H4 | Bearish reaction off 78.6% fibo projection? TypeBearish Reversal Preference: Price has reacted off the pivot point at 0.8820, which is an overlap resistance and at the 78.6% fibo projection. There is a possibility for price to react off the 50% fibo retracement before falling down to the 1st support at 0.8713, which […]

OPEC Cuts Supporting Oil Oil prices are starting the week on a solid footing with crude futures in the green across early European trading on Monday. News of reduced oil exports from OPEC+ this month have helped underpin sentiment. Exports from Russia and Saudi Arabia were down firmly on the back of the two suppliers […]