The greenback rally of May faces test at critical level
The dollar rally of May has been facing difficulties since the beginning of the month. Despite a decent unemployment report, the situation did not favor buyers. The focus is on the story that the...
Aussie Soars on Second Surprise RBA Hike
Lowe Lifts Off AgainThe RBA caught markets by surprise once again last night as it lifted its headline cash rate by a further .25% from 3.85% to 4.10%. The move marks the second such unexpected hike...
USDCAD H4 | Bounce from overlap support
TitleUSDCAD H4 | Bounce from overlap supportTypeBullish BouncePreference:Price is approaching the pivot point of 1.33956 and could potentially reverse from here; we could see momentum carry price up...
NZDUSD H4 | Bearish reversal from 38.2% Fibo
TitleNZDUSD H4 | Bearish reversal from 38.2% FiboTypeBearish ReversalPreference:Price could approach the pivot point of 0.61123 and potentially reverse from here; we could see momentum carry price...
Daily Market Outlook, June 05, 2023
Daily Market Outlook, June 05, 2023Munnelly’s Market Commentary… Asian equity markets traded mostly in positive territory, driven by the momentum from Friday's gains on Wall Street and boosted by...
USDJPY Higher Ahead of US ISM Services
ISM Services on WatchToday’s main data focus for the US session will be the release of the ISM Services PMI for last month. As with manufacturing, the recent trend has been lower. However,...
AUDUSD H4 | Potential bounce off 38.2%
TitleAUDUSD H4 | Potential bounce off 38.2%TypeBullish BouncePreference:Price is testing our pivot point at 0.65747 that aligns with a 38.2% Fibonacci retracement. A bounce off from here, price could...
GBPUSD H4 | Potential bearish breakout
TitleGBPUSD H4 | Potential bearish breakoutTypeBearish BreakoutPreference:Price could break through pivot point of 1.24241 and potentially drop further from here; we could see momentum carry price...
EURUSD H4 | Bearish reversal from 23.6% Fibo
TitleEURUSD H4 | Bearish reversal from 23.6% FiboTypeBearish ReversalPreference:Price is approaching the pivot point of 1.07127 and could potentially reverse from here; we could see momentum carry...
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