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Forex

EURGBP H4 I Bearish continuation expected?
EURGBP H4 I Bearish continuation expected?

TitleEURGBP H4 I Bearish continuation expected?TypeBearish ReversalPreference: The price is rising toward our pivot point at 0.86701, which is an overlapping resistance level. A reversal from this...

USDCAD H4 | Falling to 23.6% Fibo support
USDCAD H4 | Falling to 23.6% Fibo support

TitleUSDCAD H4 | Falling to 23.6% Fibo supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.36955 which is an overlap support that aligns with the 23.6% Fibonacci...

EURUSD H4 | Reacting off 61.8% Fibo?
EURUSD H4 | Reacting off 61.8% Fibo?

TitleEURUSD H4 | Reacting off 61.8% Fibo?TypeBearish ReversalPreference:Price is rising toward our pivot point of 1.05502, which serves as a pullback resistance level aligning with the 61.8%...

USDJPY H4 | Downside confirmation?
USDJPY H4 | Downside confirmation?

TitleUSDJPY H4 | Downside confirmation?TypeBearish ReversalPreference:Price is currently at our pivot point at 148.5, which is a pullback resistance level. A reversal from this point could lead to a...

Daily Market Outlook, October 5, 2023
Daily Market Outlook, October 5, 2023

Daily Market Outlook, October 5, 2023Munnelly’s Market Commentary… Asian equity markets mostly traded higher, finding relief as risk assets rebounded with yields retreating from recent highs after...

Cautious Markets React to Disappointing Jobs Data and Oil Inventory Surge
Cautious Markets React to Disappointing Jobs Data and Oil Inventory Surge

Oil prices resumed their downward trend on Wednesday following the release of employment data from ADP:Job growth was significantly lower than expected, with only 83K jobs added compared to the...

Bitcoin Bulls Keep Pushing: Potential Price Rise Ahead
Bitcoin Bulls Keep Pushing: Potential Price Rise Ahead

The price of Bitcoin has tested the level of 28500. However, Bitcoin didn’t manage to hit the key levels of 29000 and 30000. The asset’s price might still retest the broken downtrend, rebound, and...

US ISM Services Release: Dollar's Downward Pressure Expected as Markets Positioned for a Rebound
US ISM Services Release: Dollar's Downward Pressure Expected as Markets Positioned for a Rebound

The dollar entered a correction phase on Wednesday as market participants took advantage of the fact that major currencies paired with the dollar had been depreciating at a fairly high pace over the...

USDCAD H4 | Falling to pullback support?
USDCAD H4 | Falling to pullback support?

TitleUSDCAD H4 | Falling to pullback support?TypeBullish BouncePreference:Price is falling towards the pivot point of 1.3691 which is a pullback support level and could potentially reverse from here;...