Daily Market Outlook, August 25, 2023Munnelly’s Market Commentary… Asian equity markets faced downward pressure, driven by the negative momentum carried over from global markets. The initial...
EURUSD H4 I Bounce off Fibo Confluence?
TitleEURUSD H4 I Bounce off Fibo Confluence?TypeBullish BouncePreference:Price is falling toward our pivot point of 1.07402 which is a multi swing low support level that aligns with 161.8 extension...
GBPJPY H4 | Falling from neckline?
TitleGBPJPY H4 | Falling from neckline?TypeBearish ReversalPreference:Price just react off our pivot point off 184.704 which is a pullback resistance level. A reverse from here, price could fall to...
Daily Market Outlook, August 24, 2023
Daily Market Outlook, August 24, 2023Munnelly’s Market Commentary… Asian equity markets gained ground as the region drew inspiration from the positive performance on Wall Street. The Nasdaq led the...
GBPJPY H4 | Bullish bounce off 61.8% fibo?
TitleGBPJPY H4 | Bullish bounce off 61.8% fibo?TypeBullish BouncePreference:Price has reacted off our pivot point at 185.32, which is an overlap support level and at the 61.8% fibo retracement level....
EURGBP H4 | Bullish bounce off pivot?
TitleEURGBP H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price could potentially bounce from our pivot point at 0.8505, which is the swing low support level, to the 23.6% fibo...
EURUSD H4 | Falling from Fibo Confluence?
TitleEURUSD H4 | Falling from Fibo Confluence?TypeBearish ReversalPreference:Price is rising toward our pivot point of 1.08882 which has 61.8% Fibo retracement and 23.6% Fibo retracement, indicating...
GBPUSD Testing Support Following PMI Plunge
GBP Heavily SoldSimilar to what we’ve seen with EUR today, GBP has come under heavy selling pressure on the back of a dismal set of flash UK PMI readings this morning. The UK services PMI was seen...
EURUSD Sell Off Deepens On Weak PMI Readings
EUR Under PressureThe Euro is coming under fresh selling pressure today on the back of the latest set of eurozone PMIs this morning. The manufacturing reading was seen remaining firmly in negative...
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