Category: Technial Analysis
EURUSD, “Euro vs US Dollar” EURUSD has secured above the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.1090 is expected, followed by a decline to 1.0885. An additional signal confirming the decline will be a rebound from the lower boundary […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the resistance at 1.1130. However, the quotes could correct to 1.1020 and continue the uptrend after the pullback. USDJPY, […]
BTC Correction Underway The softening in BTC over recent weeks will no doubt be frustrating for crypto bulls, on the back of what seemed like an imminent breakout earlier in the month. However, the move can still be viewed as a correction for now, despite the deep fall we saw on Monday. Looking ahead today, […]
CPI Falls Again The Aussie Dollar has come under pressure today on the back of the latest set of Australian inflation figures released overnight. CPI was seen cooling further last month, with the quarterly reading falling to 0.8% from 1.4% prior., below the 1% the market was looking for. The trimmed quarterly figure was seen […]
TitleUSDJPY H4 | Falling to support level? TypeBearish Reversal Preference:Price is nearing our pivot point of 142.225 which is a pullback resistance level that aligns with 61.8% Fibo retracement,. A reverse from here, price could fall to 1st support at 140.251 which is a pullback support level. Alternative scenario:However, if price breaks above the pivot, […]
TitleEURUSD H4 | Potential Bullish reversal? TypeBullish Bounce Preference:Price is approaching our pivot point of 1.10464 which is a pullback support level. A reverse from here, price could push up to 1st resistance at 1.11429 which is a pullback resistance level. Alternative scenario:However, if price breaks below the pivot, it could fall to 1st support […]
The Australian dollar has stopped declining against the US dollar. The current AUDUSD quote is 0.6766. On the one hand, the Aussie’s position is still under a lot of pressure from the strong US dollar. On the other hand, the Australian economy is showing some signals of stabilisation, which could support the AUD. The preliminary […]
The major currency pair remains balanced on Tuesday. The current EURUSD quote is 1.1080. Yesterday’s released statistics revealed a mixed performance in the Eurozone. The preliminary PMI in the services sector for July decreased to 51.1 points from the previous 52.0 points. In the manufacturing sector, the indicator dropped to 42.7 points from 43.4 points […]
The FTSE Finish Line – July 25 – 2023 FTSE Miners Shine Again, Fundamental Show Glimmer Of Hope UK’s FTSE 100 has notched up a modest gain on the trading day, driven by mining stocks following Beijing’s pledge to provide more policy support to the Chinese economy. Meanwhile, consumer staples major Unilever saw a significant […]
Daily Market Outlook, July 25, 2023 Munnelly’s Market Commentary… Asian equity markets traded higher, with Chinese stocks leading the gains. The rally in Chinese stocks came after the country’s Politburo made support pledges, boosting investor sentiment. However, gains in the rest of the region were limited due to soft global PMI data and caution ahead […]