Category: Technial Analysis
JPY Rallying The Japanese Yen is starting the week on a stronger footing following hawkish comments from BOJ governor Ueda to the Yomiuri newspaper. Ueda signalled that the bank would likely have enough information by year end to determine whether wages would continue to rise. The bank has previously cited this as key in deciding […]
Tesla Rallying on Monday Shares in Tesla are trading higher ahead of the open on Monday. The move comes amidst a surge of optimism linked to the Tesla Dojo supercomputer. The computer system runs computer vision video processing and recognition and will be used to train AI systems for the company’s self-driving vehicles. Tesla has […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which reveals a downtrend. A test of the lower boundary of the Cloud at 1.0765 is expected, followed by a decline to 1.0565. An additional signal confirming the decline could be a rebound […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are in the oversold area on H4. The RSI has broken the resistance line. In this situation, a breakout of 0/8 (1.0742) is to be expected, followed by a price rise to the resistance at 1/8 (1.0803). The scenario can be cancelled by a downward breakout of the […]
Dollar Stalls on JPY Drive The US Dollar is starting the week under pressure. The DXY has fallen around 0.6% from last week’s highs across early European trading on Monday. Hawkish comments from BOJ’s Ueda have fuelled a narrowing of the US/Japan yield spread which is driving JPY high, weighing on the Dollar. The main […]
TitleGBPJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference:Price is reacting to our pivot point at 182.91, which is a pullback support level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. If price closes above the pivot point, then price could rise towards the 1st resistance at 184.19, which is a […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The pullback target could be the resistance level of 1.0760. However, the price might drop to 1.0680 and continue the downtrend without any correction. […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0717. Today the market could extend the range to 1.0750. The correction might continue to 1.0790 (with a test from below). After it will be over, a new link of decline to 1.0680 is expected. This is a local target. After the price […]
TitleEURUSD H4 | Bouncing off support level? TypeBullish Bounce Preference: The price is declining toward our pivot point of 1.06897. A bounce from this level could lead the price to rally toward the 1st resistance at 1.07381 which is an overlap resistance level Alternative scenario:However, if the price breaks below the pivot, it might decline […]
Daily Market Outlook, September 11, 2023 Munnelly’s Market Commentary… Asian equity markets displayed a mixed performance driven by rising yields, triggered by comments from BoJ Governor Ueda. Ueda mentioned the possibility of having enough data by year-end to decide on ending negative interest rates, emphasising a smooth exit strategy. This led to varied outcomes in […]