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Title EURUSD H4 I Falling towards pullback supportType Bullish bounce Preference: The price is falling towards the pivot at 1.1679, a pullback support that aligns with the 38.2% Fibonacci retracement. A bounce at this level could lead the price toward the 1st resis... Title EURUSD H4 I Falling towards pullback supportType Bullish bounce Preference: The price is falling towards the pivot at 1.1679, a pullback support
Title USDCHF H4 I Bullish bounce Type Bearish bounce Preference: The price is reacting off the pivot at 0.7931, which is a pullback support that aligns with the 161.8% Fibonacci extension. A bounce from this level could lead the price toward the 1st resistance at ... Title USDCHF H4 I Bullish bounce Type Bearish bounce Preference: The price is reacting off the pivot at 0.7931, which is a pullback support that alig
Title USDCAD H1 | Potential bullish reversal Type Bullish bounce Preference: The price could fall to the pivot at 1.3784, a pullback support. A bounce from this level could lead the price toward the 1st resistance at 1.3824, an overlap resistance that is slightly a... Title USDCAD H1 | Potential bullish reversal Type Bullish bounce Preference: The price could fall to the pivot at 1.3784, a pullback support. A bounce
Title USOUSD H4 | Bearish reversal off 38.2% Fibonacci resistance Type Bearish reversal Preference: The price is rising towards the pivot at 57.31, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lea... Title USOUSD H4 | Bearish reversal off 38.2% Fibonacci resistance Type Bearish reversal Preference: The price is rising towards the pivot at 57.31, wh
Title USDCAD H1 | Potential bullish reversal Type Bullish bounce Preference: The price is reacting off the pivot at 1.3765, a pullback support that aligns with the 50% FIbonacci retracement. A bounce from this level could lead the price toward the 1st resistance at... Title USDCAD H1 | Potential bullish reversal Type Bullish bounce Preference: The price is reacting off the pivot at 1.3765, a pullback support that al
Title USDCHF H4 I Bullish bounce Type Bearish bounce Preference: The price is reacting off the pivot at 0.7931, which is a pullback support that aligns with the 161.8% Fibonacci extension. A bounce from this level could lead the price toward the 1st resistance at ... Title USDCHF H4 I Bullish bounce Type Bearish bounce Preference: The price is reacting off the pivot at 0.7931, which is a pullback support that alig
Title AUDCHF H4 I Bullish bounce off pullback supportType Bullish bounce Preference: The price is falling towards the pivot at 0.52339, a pullback support that is slightly above the 61.8% Fibonacci retracement. A bounce at this level could lead the price toward the... Title AUDCHF H4 I Bullish bounce off pullback supportType Bullish bounce Preference: The price is falling towards the pivot at 0.52339, a pullback sup
Title XAGUSD H1 | Bullish momentum to extend Type Bullish bouncePreference: The price is falling towards the pivot at 64.09, which is a pullback support that aligns with the 61.8% Fibonacci retracement. A bounce from this level could lead the price toward the 1st r... Title XAGUSD H1 | Bullish momentum to extend Type Bullish bouncePreference: The price is falling towards the pivot at 64.09, which is a pullback suppo
Title EURUSD H1 I Bearish reversal setupType Bearish reversal Preference: The price is rising towards the pivot at 1.1765, a pullback resistance that aligns with the 61.8% Fibonacci retracement. A reversal at this level could lead the price toward the 1st support a... Title EURUSD H1 I Bearish reversal setupType Bearish reversal Preference: The price is rising towards the pivot at 1.1765, a pullback resistance that
Title USDJPYH1 I Bearish reversal off key resistance Type Bearish reversal Preference: The price is rising towards the pivot at 156.05, which is an overlap resistance that aligns with the 61.8% Fibonacci retracement. A reversal from this level could lead the price... Title USDJPYH1 I Bearish reversal off key resistance Type Bearish reversal Preference: The price is rising towards the pivot at 156.05, which is an o

Forex

Softer Dollar Continues on Monday

Muted Markets on MondayThe US Dollar is under pressure on Monday as we begin with a quieter start to the week due to the bank holiday in the US and Canada. Last week, a sharp drop in US retail sales...

EURJPY Day | Bearish reversal

TitleEURJPY Day | Bearish reversalTypeBearish ReversalPreference:The price could reverse from pivot at 161.804, the overlap resistance. It could fall to the 1st support at 157.99, the overlap...

Daily Market Outlook, February 19, 2024

Daily Market Outlook, February 19, 2024Munnelly’s Market Minute…“Quiet Start, With US Offline For Presidents Day”China's markets did not show the anticipated enthusiasm after the break, with only...

EURGBP Day | Bullish breakout

TitleEURGBP Day | Bullish breakoutTypeBullish BreakoutPreference:The price could breakout of pivot at 0.85528, the overlap resistance, and rise to the 1st resistance at 0.86106, also an overlap...

USDCAD H1 I Bearish reversal

TitleUSDCAD H1 I Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point at 1.3538, a pullback resistance that aligns with the 61.8% Fibo retracement. A reverse from this...

UK Retail Sales Highest In Almost 3 Years

UK Retail Sales SoarIt’s been quite a muddled weak on the data front. In the US we had inflation coming in above forecast followed by retail sales plunging. In the UK, following a weaker-than-forecast...

Dollar Bulls Caught Offside By Weak Retail Sales

Retail Sales PlungeFollowing a strong start to the week, driven in part by hotter-than-forecast inflation data, the US Dollar has reversed sharply into the end of the week. Yesterday’s US retail sales...

Daily Market Outlook, February 16, 2024

Daily Market Outlook, February 16, 2024Munnelly’s Market Minute…“Nikkei Heading For All Time Highs WIth Japan In Recession”The Nikkei reached a 34-year high, just shy of its all-time high of 38,957.44...

US Dollar Wavers as Disinflation Narrative Persists Amid Mixed Economic Signals

The US Dollar (USD) finds itself in a precarious position, relinquishing its recent gains following a surge triggered by a red-hot inflation report earlier in the week. However, Fed members are...