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Forex

CHFJPY H4 | Potential bullish bounce?

TitleCHFJPY H4 | Potential bullish bounce?TypeBullish BouncePreference:Price is above the pivot point at 163.721, the pullback support, and could bounce off and rise to the 1st resistance level at...

AUDUSD H4 | Potential bullish bounce

TitleAUDUSD H4 | Potential bullish bounceTypeBullish BouncePreference:Price is falling to our pivot point at 0.66798, overlap support, and could bounce to our 1st resistance level at 0.6726, and...

Daily Market Outlook, December 15, 2023

Daily Market Outlook, December 15, 2023Munnelly’s Market Minute… Asia - Stocks in the Asia-Pacific region mostly traded higher, buoyed by positive sentiment from Wall Street, supported by favourable...

EURUSD Traders Caught Between Fed & ECB

EUR Rally StallsOn the back of the post-FOMC rally we saw on Wednesday, EURUSD was driven further higher yesterday by the ECB. While the bank held rates unchanged and arguably made some dovish...

GBPUSD H4 | Falling to support level?

TitleGBPUSD H4 | Falling to support level?TypeBearish ReversalPreference:Price is moving to our 1st support at 1.26175, the overlap support level from the pivot point at 1.27866, the swing high...

Dollar At Lows Ahead of PMIs

USD Under PressureThe Dollar Index is on course to end the week at its lowest level since August having shed around 2.4% since Monday’s opening price. The main driver behind the move lower this week...

Fed Signals Rate Cuts, Will BoE and ECB Follow?

This week has witnessed two consecutive days of pivotal events shaping the global financial landscape. Yesterday, the Federal Reserve signalled a change in course, leaving interest rates unchanged but...

Falling to 61.8% Fibonacci Projection

TitleFalling to 61.8% Fibonacci ProjectionTypeBullish BouncePreference:Price is falling towards the pivot point of 1.34288 which is a swing-low support that aligns with the 61.8% Fibonacci projection...

S&P 500 Analysis: Potential Price Rise Ahead?

The price of the American stock index S&P500 broke the resistance at the level of 4607. So, it might rebound and rise again soon. The formation of a bullish trap is also possible at this stage....