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TitleXAUUSD H4 | Bullish reversal from swing-low TypeBullish Bounce Preference:Price is falling towards the pivot point of 1913.196 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance of 1931.731. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1899.962. To discuss […]

Tesla Pullback Continues Shares in Tesla are trading over 1% lower ahead of the open on Monday. The stock has now slipped around 9% from the YTD highs printed earlier in the month. A pullback in broader risk appetite is certainly one of the factors weighing on Tesla here. Hawkish central bank expectations and rising […]

EURUSD, “Euro vs US Dollar” EURUSD is forming a bullish Wedge pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0840 is expected, followed by a rise to 1.1025. An additional signal confirming the rise will be a rebound from the […]

EURUSD, “Euro vs US Dollar” The currency pair has completed the first declining impulse to 1.0844. Today the market is forming a corrective structure to 1.0930. After the correction is over, a new impulse of decline to 1.0840 might start. And if this level also breaks, the potential for a decline to 1.0750 could open. […]

TitleDXY H4 | Potential bearish breakout TypeBearish Breakout Preference:Price is approaching the pivot point of 102.2546 and could potentially break below this level; we could see momentum carry price down to its 1st support of 101.8953. Alternative scenario:If price reverses the pivot point, it could hit the 1st resistance of 102.5885.  To discuss this trading […]

Daily Market Outlook, June 26, 2023 Munnelly’s Market Commentary…  Asian equity markets showed limited movement following losses on Wall Street Friday, as weak global PMI data and a lack of fresh catalysts kept markets subdued. The weekend news cycle was dominated by the brief uprising of the Wagner Group in Russia. The Nikkei 225 in […]