Daily Market Outlook, October 25, 2023Munnelly’s Market Commentary… Asia - Asian stocks displayed mixed trading patterns, influenced by a positive lead from Wall Street. Market focus shifted to the...
EURUSD H4 | Reacting off a pullback resistance?
TitleEURUSD H4 | Reacting off a pullback resistance?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.06329, which serves as a pullback resistance level aligning with the...
GBPUSD H4 | Bearish Continuation Expected?
TitleGBPUSD H4 | Bearish Continuation Expected?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.22123 - 1.2204 which serves as a pullback resistance level aligning with...
US Dollar Resilience amid Surprising PMI Data
The US Dollar, often at the center of currency markets, exhibited resilience in the face of mounting bearish pressure. This defiance was fueled by the release of Composite PMI data from S&P...
USDCAD Breaking Out Ahead of BOC
BOC in FocusThe Bank of Canada meets for its October rate setting meeting today and while no change is expected, traders will be keeping a close eye on the latest guidance and forecasts offered. The...
EURGBP H4 | Potential Bearish Reversal
TitleEURGBP H4 | Potential Bearish ReversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.87331 which is a swing-high resistance and could potentially reverse from here;...
USDCAD H4 | Potential RSI Bearish Divergence
TitleUSDCAD H4 | Potential RSI Bearish DivergenceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.37854 which is a swing-high resistance and could potentially reverse from...
US Treasuries Surge as Yields Reach Critical 5% Level
In a surprising turn of events, US Treasuries witnessed a sharp rise in demand, driving the 10-Year US yield to a key psychological level of 5%. The sudden surge was not attributed to any specific...
USDCHF H4 | Bouncing off support level?
TitleUSDCHF H4 | Bouncing off support level?TypeBullish BouncePreference:The price is falling toward our pivot point of 0.8862 , which serves as a pullback support level. A bounce from this point...
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