Category: Technial Analysis
TitleAUDUSD H4 | Potential bullish bounce TypeBullish Bounce Preference:Price is falling to our pivot point at 0.66798, overlap support, and could bounce to our 1st resistance level at 0.6726, and overlap resistance. Alternative scenario: The price could break through the pivot at 0.66798 and fall to the 1st support level at 0.66188, the pullback support.. […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the resistance level. The pair is going above the Ichimoku Cloud, indicating an uptrend. A test of the Tenkan-Sen line at 1.0925 is expected, followed by a rise to 1.1105. Growth might be additionally supported by a rebound from the upper boundary of the bearish channel. […]
EURUSD, “Euro vs US Dollar” EURUSD has reached a local growth wave target of 1.1000. Today a consolidation range is forming below this level, potentially expanding to 1.1010. Subsequently, the price could break the range downwards, targeting 1.0890 (a test from above). Next, another growth link to 1.1050 could develop, marking the end of this […]
TitleGBPUSD H4 | Falling to support level? TypeBearish Reversal Preference:Price is moving to our 1st support at 1.26175, the overlap support level from the pivot point at 1.27866, the swing high resistance. Alternative scenario:Price could break through pivot at 1.27866 and rise to 1st resistance at 1.28351, pullback resistance level. To discuss this trading idea, […]
TitleGER 40 H4 | Potential bearish breakout TypeBearish Breakout Preference:Price could break out of the pivot line at 16735.14, an overlap support, and revert to the 1st support level at 16450.45, also an overlap support. Alternative scenario:The price could bounce off the pivot line at 16735.14, and rise to the 1st resistance at 16960.36, the […]
The primary currency pair is holding higher on Thursday. The current EURUSD exchange rate stands at 1.0905. Investors are reacting against the US dollar after extracting valuable insights from the Federal Reserve’s aggressive comments. The Fed’s meeting ended with a neutral outcome. The interest rate was kept at 5.50% per annum, and the tone of […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are going below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. However, the RSI has reached the oversold area. As a result, a rebound from the 2/8 (0.8667) level is expected, followed by a price rise to the resistance at 4/8 (0.8789). The […]
Daily Market Outlook, December 14, 2023 Munnelly’s Market Minute… Asia – Following the Federal Open Market Committee (FOMC) decision to maintain unchanged rates and introduce a dovish adjustment to its statement guidance, most stocks in the Asia-Pacific region experienced gains. The FOMC’s decision to cut its 2024 median dot by more than anticipated, indicating a […]
TitleEURGBP H4 | Bearish reversal? TypeBearish Drop Preference:Price is right below the pivot point at 0.86218, an overlap resistance, and could reverse to 1st support level at 0.85542, multi-swing low support. Alternative scenario:The price could breakout of the pivot line at 0.86214 and rise to the 1st resistance at 0.86595, an overlap resistance level. To […]
EURUSD, “Euro vs US Dollar” EURUSD has escaped a consolidation range upwards, completing a correction wave at 1.0914 on the news. A consolidation range could form under this level today. With an escape from the range downwards, a decline wave to 1.0820 might develop. And if this level also breaks downwards, the potential for trend […]