EUR Lower Following ECBEURUSD is starting the week on a softer footing as the pair continues to hold near the foot of the recent correction lower. The latest ECB meeting saw the bank hiking rates by a...
Daily Market Outlook, August 7, 2023
Daily Market Outlook, August 7, 2023Munnelly’s Market Commentary… Asian equity markets started the week on a mostly negative note, influenced by last Friday's late decline in Wall Street. The...
EURUSD H4 | Falling to 78.6% Fibo support
TitleEURUSD H4 | Falling to 78.6% Fibo supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.09221 which is an overlap support that aligns with the 78.60% Fibonacci...
BOE Hikes By Smaller Amount but Hawkish Risks Remain
Smaller Hike for NowDespite chatter around a possible .5% rate hike yesterday, in the end the BOE opted for a smaller .25% hike. The BOE cited the recent inflation drop as the key driver behind the...
NZDUD H4 | Bullish bounce off pivot?
TitleNZDUD H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price is approaching our pivot point at 0.6064, which is at a multi-swing low support level. If price bounces off the pivot point,...
AUDUSD H4 | Bullish bounce off pivot?
TitleAUDUSD H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price is currently fluctuating between the 1st resistance and our pivot point. However, due to strong bearish momentum, we can...
EURUSD H4 | React off resistance level?
TitleEURUSD H4 | React off resistance level?TypeBearish ReversalPreference:price is approaching our pivot point of 1.09574 which is an overlap support level that aligns with 50% Fibo retracement. A...
GBPUSD H4 | Potential bearish reversal?
TitleGBPUSD H4 | Potential bearish reversal?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 1.27397 which is an overlap resistance level that aligns with 50% Fibo...
Daily Market Outlook, August 4, 2023
Daily Market Outlook, August 4, 2023Munnelly’s Market Commentary… Asian equity markets experienced a mixed trading session as most bourses in the region lacked a clear direction. This uncertainty...
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