TitleEURUSD M15 | Potential bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.0851, a pullback resistance. A reversal from this level could lead the price to...
Aussie Inverse H&S On Watch
Aussie on The UpThe Australian Dollar is tearing higher against USD today as the weakness in the greenback continues to drive movements across FX markets. With traders now leaning into the prospect of...
EURUSD H4 I Potential bearish reversal
TitleEURUSD H4 I Potential bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.0858, an overlap resistance close to the 61.8% Fibonacci retracement level. A...
Bullish Momentum to Extend?
TitleBullish Momentum to Extend?TypeBullish BreakoutPreference:Price is showing strong bullish momentum, buy at market (pivot point of 0.65830); we could see momentum carry price up to its 1st...
GBPUSD H4 I Bearish Drop from 61.8%
TitleGBPUSD H4 I Bearish Drop from 61.8%TypeBearish ReversalPreference:Price is rising toward the pivot point of 1.2688, a pullback resistance close to the 61.8% Fibonacci retracement level. A...
Daily Market Outlook, April 4, 2024
Daily Market Outlook, April 4, 2024Munnelly’s Macro Minute…“Powell Rate Rhetoric Sinks Dollar, Risk Sentiment Rises”Asian stock markets are mostly trading higher on Thursday, following the positive...
Potential Bearish Breakout
TitlePotential Bearish BreakoutTypeBearish BreakoutPreference:Price is falling towards the pivot point of 1.35117 which is a potential breakout level and could drop lower from here; we could see...
USD Retreats as Weak US Services PMI Turns Tables for EUR and GBP
EUR/USD is staging a rebound, reclaiming ground above 1.0850 on Thursday, buoyed by the release of lower-than-anticipated ISM Services PMI figures from the US.The decline in Prices Paid, dropping from...
Dollar Slump Deepens as Traders Await NFP Tomorrow
Weak ISM Services Hits DollarThe US Dollar is turning sharply lower into the back of the week, ahead of tomorrow’s keenly awaited March labour reports. Yesterday, the ISM services reading was seen...
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