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Forex

Falling to 61.8% Fibonacci Support

TitleFalling to 61.8% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.88249 which is a pullback support that aligns with the 61.8% Fibonacci retracement...

Dollar Holding Support Ahead of Data

US Data DueThe US Dollar continues to trade in a very tight range ahead of today’s US ISM services PMI. Price action in DXY has stagnated over the last week in response to a slew of...

EURGBP Day | Potential bullish breakout

TitleEURGBP Day | Potential bullish breakoutTypeBullish BreakoutPreference:The price is on the pivot at 0.85536and it could continue to trend higher and breakout of the pivot point. A breakout could...

GBPJPY H4 | Potential bullish bounce

TitleGBPJPY H4 | Potential bullish bounceTypeBullish BouncePreference:The price is on a downtrend and could fall to the pivot point at 189.989, the pullback support that aligns closely with the 50%...

Dollar Braces for a Second Retest of the Key Resistance Level

On the backdrop of Super Tuesday and anticipation surrounding the potential resurgence of former US President Donald Trump in the Republican Party, the US Dollar commenced the week with a vigorous...

Potential Bullish Breakout

TitlePotential Bullish BreakoutTypeBullish BreakoutPreference:Price is rising towards the pivot point of 1.35879 which is a potential breakout level and could climb higher from here; we could see...

Daily Market Outlook, March 5, 2024

Daily Market Outlook, March 5, 2024Munnelly’s Market Minute…“China Data & Congress Stimulus Measures Dissapoint”On Tuesday, Asian shares showed a mixed performance as investors took into account...

Bearish Downturn

TitleBearish DownturnTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.65156 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and...

EURUSD H1 | Bearish drop

TitleEURUSD H1 | Bearish dropTypeBearish DropPreference:Price is currently at the pivot point of 1.0847, a swing-high resistance. A reverse from this level could lead the price to fall to 1st support...