Category: Technial Analysis
Lllama Launch Drives Shares Higher Shares in Meta are trading higher ahead of the US open today as investors respond to the launch of the group’s ChatGPT and Bard rival, Llama. An AI competitor has been touted for a while. However, the new program was officially launched today, and comes on the back of the […]
Bitcoin Rally Stalls Despite the heavy sell-off in the Dollar last week, Bitcoin was unable to capitalise on the move and breakout above the 32185 resistance level. Instead, we’ve seen BTC futures correcting around 8% lower as regulatory and macro concerns weigh on sentiment. Bitcoin prices had been driven sharply higher just a few weeks […]
Crude Caught Between Opposing Drivers Oil prices are looking a little more stable today on the back of two days of heavy selling. An uptick in USD alongside fresh fears over the health of the Chinese economy have combined to weigh on sentiment with crude futures correcting around 4% lower from recent highs. Crude prices […]
TitleXAUUSD H4 | Bearish Reversal? TypeBearish Reversal Preference:Price is at our pivot point of 1962 which is a multi swing high resistance. A reverse from here, price could fall to 1st support level at 1951 which is a pullback support level, Alternative scenario:However, if price breaks above the pivot, it could rally to 1st resistance […]
The Australian dollar stopped declining against the US dollar. The current AUDUSD quote is 0.6829. The minutes of the last meeting of the Reserve Bank of Australia did not provide any clues. The monetary policy is currently restrictive, and the Central Bank is ready to continue it for as long as it takes. The Reserve […]
The major currency pair has not lost momentum by Tuesday and keeps ascending. The current EURUSD quote is 1.1250. The US dollar remains weak; the problem is in the expectations concerning the interest rate. In one way or another, market talks are mostly concentrated on the credit costs in the US and the Eurozone as […]
The FTSE Finish Line – July 18 – 2023 FTSE Finds Its Footing Supported By Ocado & Homebuilders FTSE 100 index is up 0.22% on an overall positive session driven by Shares of Ocado Plc, the British online supermarket and technology group, surged by as much as 19% to a five-month high, making it the […]
Daily Market Outlook, July 18, 2023 Munnelly’s Market Commentary… Asian equity markets failed to sustain the momentum from Wall Street. The Nikkei 225 initially made gains upon its return from a long weekend but eventually erased those gains, reflecting weakness in its peers. The Hang Seng and Shanghai Composite were also lower, with property stocks […]
EURUSD, “Euro vs US Dollar” The currency pair has broken the high of the consolidation range and might extend it to 1.1288. After they reach this level, the quotes could drop to 1.1200. And if this level also breaks downwards, the potential for a wave of decline to 1.1000 could open. GBPUSD, “Great Britain Pound […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI is testing the support line. In these circumstances, the price is expected to break the 8/8 (0.6835) level and continue growing to the resistance level of +2/8 (0.6658). The scenario can […]