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Forex

GBPUSD H4 | Rising towards resistance?

TitleGBPUSD H4 | Rising towards resistance?TypeBullish RisePreference:Price is currently at our pivot point of 1.2390, which serves as a pullback support that aligns with the 38.2% Fibo retracement. A...

EURUSD H4 |  Reacting off resistance level?

TitleEURUSD H4 |  Reacting off resistance level?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 1.08806, which serves as a multi swing high resistance level. A reversal...

NZDUSD H4 | Running into 127.2% Fibo resistance

TitleNZDUSD H4 | Running into 127.2% Fibo resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.60491 which is a multi-swing-high resistance that aligns with the 127.2%...

Daily Market Outlook, November 15, 2023

Daily Market Outlook, November 15, 2023Munnelly’s Market Commentary… Asia - stocks experienced an uptick as global risk sentiment improved. The catalysts for this positive shift included...

USDCAD H4 | Potential bearish breakout

TitleUSDCAD H4 | Potential bearish breakoutTypeBearish BreakoutPreference:Price is falling towards the pivot point of 1.36708 which is a pullback support that aligns with the 78.6% Fibonacci...

GBP Reversing On Heavy inflation Drop

CPI Slides 2%In reassuring news for both UK households and the BOE, UK inflation was seen cooling sharply last month. Headline annualised inflation fell back to 4.6% from 6.7% prior, below the 4.7%...

GBPUSD H1 | Reacting off resistance?

TitleGBPUSD H1 | Reacting off resistance?TypeBearish ReversalPreference:Price is rising toward our pivot point of 1.22888 which serves as a swing-high resistance level  A reversal from this point...

Dollar Dipping Ahead Of October CPI

CPI in SightThe US Dollar is trading lower today ahead of the upcoming October CPI release this afternoon. On the back of recent Fed commentary, the data is drawing plenty of attention and will be...

Optimism Boosts the Euro and Pound Amid Surprising UK Jobs Data

The euro and British pound surged on Tuesday following the release of UK labor market statistics, which revealed an unexpected increase in employment in both the services and manufacturing sectors....