Category: Technial Analysis
TitleXAUUSD H4 I Reacting off resistance level? TypeBearish Reversal Preference:The price is rising toward the pivot point in 1928-1930, which aligns with the 50% Fibo retracement level. A reverse from this level could lead the price to fall the 1st support at 1915.428, which is an overlap support Alternative scenario:However, if the price breaks above […]
TitleEURUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.06754 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.05978 which is a support level that […]
Daily Market Outlook, September 22, 2023 Munnelly’s Market Commentary… Asian equity markets showed a mixed performance overnight. The Bank of Japan (BoJ) made no changes to its monetary policy in its latest update. BoJ Governor Ueda’s post-announcement comments did not signal an imminent rise in interest rates. Before the meeting, Japan’s finance minister had issued […]
TitleDE30EUR H4 | Rising into 23.6% Fibo resistance TypeBearish Reversal Preference: Price is rising towards the pivot point of 15562.55 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 15448.71 which is […]
TitleNZDUSD H4 | Bearish reversal off 50% Fibo? TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.59399 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.58807 which is a […]
As expected, the Bank of Japan today left its interest rate unchanged at -0.1%. The accompanying statement remained virtually unchanged: the central bank reassured that it could raise the rate once suitable conditions emerge or ease its policy if its long-term inflation target again becomes a remote prospect. Therefore, the impact on the yen was […]
Join us for an exciting video podcast that blends finance with entertainment like never before. Discover the world of trading and investing through expert interviews, mind-blowing insights, and entertaining discussions. Join us every two weeks for a dose of financial wisdom, fun, and inspiration. Unlock Your Financial Potential Our goal is simple: to make finance […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. At the current stage, the instrument is going by the reversal signal in an ascending wave. The pullback target might be the resistance level of 1.0700. However, the price could fall to 1.0590 and continue the downtrend […]
Brent Brent quotes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI is testing the resistance line. In this situation, the quotes are expected to rise above 8/8 (93.75), amounting to the resistance level of +1/8 (95.31) later. The scenario can be cancelled by a downward breakout of […]
The price of silver is slowly rebounding back to the downtrend. The asset’s price might potentially rebound again at the crossing point of the downtrend and resistance level of 25.00 and drop. Hence, you could follow the price movements and candlestick formations next to the abovementioned levels. Let’s observe what might happen next. The currency […]