Daily Market Outlook, November 20, 2023Munnelly’s Market Commentary… Asia - Most Asia-Pacific stocks were positive, but gains were limited due to a lack of fresh catalysts over the weekend. Investors...
AUDUSD Breaking Out On Shifting Fed Rates View
CCY Currencies RallyingCommodity currencies are seeing a strong start to the week across early trading on Monday. With the US Dollar still in decline following last week’s softer-than-forecast October...
EURUSD Rally Gathering Pace
EUR On the UpThe dominant theme across markets as we kick of the new week Is the ongoing correction lower in USD. With the greenback under heavy selling pressure, we’re seeing a cross-asset recovery...
Oil Analysis: Potential Price Rise Ahead
The price of the currency pair EUR/USD is heading up, targeting the resistance area formed between levels 1.1000 and 1.1075. The asset’s price should eventually rebound from this zone. It might either...
USDCAD H4 | Dropping to swing-low support
TitleUSDCAD H4 | Dropping to swing-low supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.36663 which is a swing-low support level and could potentially reverse from...
US Inflation Report for October Alters Dollar Outlook
The latest US inflation report for October appears to have cast doubt on the prospects of a strengthening dollar in the medium term. Details from the report revealed that two crucial components of the...
GBPUSD H4 I Waiting for a pullback?
TitleGBPUSD H4 I Waiting for a pullback?TypeBearish ReversalPreference:The price is breaking thru our pivot point of 1.2397, wait for a pullback at the pivot point . A reversal from this point could...
USDCAD H4 I Falling to support level?
TitleUSDCAD H4 I Falling to support level?TypeBearish DropPreference:Price has just reacted off our pivot point of 1.375, which serves as an overlap resistance level. A reversal from this point could...
NZDUSD H4 | Rising toward resistance?
TitleNZDUSD H4 | Rising toward resistance?TypeBearish BreakoutPreference:The price is falling toward our pivot point of 0.5940, which serves as a pullback support level. A bounce from this point could...
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