TitleUSDCHF H4 | Bounce off Fibo confluenceTypeBullish BouncePreference:Price has just bounced off from our pivot point of 0.89806 which aligns with a 50% and 78.6% Fibo retracement. A bounce off from...
Markets Struggle to Pin Down a Turning Point in US Expansion
The dollar hit a corrective low yesterday following the release of US labor market data:The US Dollar Index (DXY) fell below the 104.40 level, marking a low point in the retracement since the...
CAD Soars On Surprise BOC Rate Hike
BOC Hikes AgainThe Bank of Canada yesterday caught markets somewhat off-guard as it announced a fresh rate hike, the first since pausing its tightening campaign in January. The BOC hiked rates from...
AUDJPY H4 | Reversal from 23.6% Fibo
TitleAUDJPY H4 | Reversal from 23.6% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 92.65 and could potentially reverse from here; we could see momentum carry price up...
Daily Market Outlook, June 08, 2023
Daily Market Outlook, June 08, 2023Munnelly’s Market Commentary… Asian equity markets had a mostly subdued performance overnight, influenced by mixed signals from Wall Street. The technology sector...
CADJPY H4 | Bullish reversal from overlap support
TitleCADJPY H4 | Bullish reversal from overlap supportTypeBullish BouncePreference:Price could approach the pivot point of 104.201 and potentially reverse from here; we could see momentum carry price...
GBPUSD H4 | React off 78.6%
TitleGBPUSD H4 | React off 78.6%TypeBullish BreakoutPreference:The price is rallying towards our pivot point of 1.25044, which aligns with a 78.6% Fibonacci retracement. If there is a reversal from...
USDCHF H4 | Potential bearish reversal
TitleUSDCHF H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is approaching our pivot point of 0.91175 which is pullback resistance level. A reverse from here, price could fall to...
Dollar Extends Pullback but Buying Pressure may Resurface in the run-up to the May CPI Report
Dollar Extends Pullback but Buying Pressure may Resurface in the run-up to the May CPI ReportThe trend corridor for USDCAD held its ground despite the unexpected decision by the Bank of Canada to...
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