TitleUSDJPY H4 | Falling to support level?TypeBearish ReversalPreference:Price is nearing our pivot point of 142.225 which is a pullback resistance level that aligns with 61.8% Fibo retracement,. A...
Daily Market Outlook, July 24, 2023
Daily Market Outlook, July 24, 2023Munnelly’s Market Commentary… Asian equity markets started the week on a positive note, but gains were limited due to uncertainty ahead of key risk events. US equity...
Bitcoin At a Crossroads: What’s Next?
Gold rebounded from the resistance level of 1980, which is also the broken neckline of the double top. The asset’s price might potentially gain psychological support at the level of 1900, rebound, and...
EUR Tanks As Eurozone PMIs Plunge Further
German Data Drops AgainEURUSD is trading lower today as EUR comes under heavy selling pressure on the back of a slew of negative data today. The latest round of eurozone PMIs saw factory and...
NZDUSD H4 | Approaching 78.6% Fibo support
TitleNZDUSD H4 | Approaching 78.6% Fibo supportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.61288 and could potentially reverse from here; we could see momentum carry...
EURUSD H4 | Potential Bullish reversal?
TitleEURUSD H4 | Potential Bullish reversal?TypeBullish BouncePreference:Price is approaching our pivot point of 1.10464 which is a pullback support level. A reverse from here, price could push up to...
CAD Retail Sales on Watch Following CPI Fall
BOC On WatchWith no US data on deck today, the focus will be on Canadian retail sales. With the BOC very much back in the show regarding rate hikes, traders are paying close attention to incoming CAD...
Daily Market Outlook, July 21, 2023
Daily Market Outlook, July 21, 2023Munnelly’s Market Commentary… Asian equity markets were a mixed bad overnight following the negative sentiment from Wall Street, particularly from the Nasdaq 100,...
Dollar Rebounds on Positive US Data, EURUSD and GBPUSD Charts Show Potential Resistance
Labor market and consumer confidence data in the US, released yesterday, beat estimates, allowing the dollar to stage a comeback. EURUSD retreated into the range of 1.11-1.1150 in line with...
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