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Forex

USDCAD H4 | Pullback Resistance at 38.2% Fibonacci Retracement
USDCAD H4 | Pullback Resistance at 38.2% Fibonacci Retracement

TitleUSDCAD H4 | Pullback Resistance at 38.2% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.3655 which is a pullback resistance that aligns with the...

AUDUSD H4 | Approaching Swing-high Resistance
AUDUSD H4 | Approaching Swing-high Resistance

TitleAUDUSD H4 | Approaching Swing-high ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6711 which is a swing-high resistance level and could potentially reverse...

Daily Market Outlook, June 4, 2024
Daily Market Outlook, June 4, 2024

Daily Market Outlook, June 4, 2024Munnelly’s Macro Minute…“When Bad News Means Bad News…”Asian stock markets experienced a downturn following the release of a weaker-than-expected US ISM manufacturing...

USD Bounces Back as Equity Markets Tumble
USD Bounces Back as Equity Markets Tumble

Tuesday saw the US Dollar claw its way back from Monday's losses, with the Greenback gaining traction thanks to hefty safe-haven inflows amid widespread declines in major equity markets. This...

USDJPY Drops - All Eyes on USD Data
USDJPY Drops - All Eyes on USD Data

USDJPY Slumps on Weak US Factory ReadingThe Bank of Japan will certainly be relieved by price action in FX markets this week. USDJPY has fallen around almost 1.5% on the week so far with price...

GBPUSD H4 | Bullish Bounce
GBPUSD H4 | Bullish Bounce

TitleGBPUSD H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.2759. a pullback support. A bounce from this level could rise to 1st resistance at 1.2866 close...

EURUSD H4 | Bullish Bounce
EURUSD H4 | Bullish Bounce

TitleEURUSD H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot of 1.0882,  a  pullback support. A bounce from this level could lead the price to rise to 1st resistance...

GBPUSD H4 | Bearish reversal
GBPUSD H4 | Bearish reversal

TitleGBPUSD H4 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot of 1.2776, a pullback resistance. A reverse from this level could lead the fall to 1st support at...

EURUSD H4 | Bullish bounce
EURUSD H4 | Bullish bounce

TitleEURUSD H4 | Bullish bounceTypeBullish BouncePreference:Price is falling toward the pivot of 1.0840, an overlap support close to 38.2% Fibo retracement. A bounce from this level could lead the...