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Forex

Resistance at 38.2% Fibo
Resistance at 38.2% Fibo

TitleResistance at 38.2% FiboTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.67278 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and...

Daily Market Outlook, January 15, 2024
Daily Market Outlook, January 15, 2024

Daily Market Outlook, January 15, 2024Munnelly’s Market Minute…“Nikkei Tests Levels Not Seen Since 1990”Asian stocks traded within a narrow range due to the absence of significant catalysts over the...

Wednesday Will Be Key For GBPUSD
Wednesday Will Be Key For GBPUSD

Quiet Start in FXWe’re seeing a relatively muted start to the week with US markets offline today due to the MLK holiday in the states. The US Dollar remains in the green on Monday, despite light...

Potential Bearish Momentum
Potential Bearish Momentum

TitlePotential Bearish MomentumTypeBearish ReversalPreference:Price has just reversed off the pivot point of 1.34038 which is a pullback resistance level and could potentially drop lower from here; we...

EURUSD M15 I Falling to support level
EURUSD M15 I Falling to support level

TitleEURUSD M15 I Falling to support levelTypeBearish DropPreference:Price is currently at the pivot point of 1.0974, A reverse from this point could lead the price to fall to 1st support level at...

Daily Market Outlook, January 12, 2024
Daily Market Outlook, January 12, 2024

Daily Market Outlook, January 12, 2024Munnelly’s Market Minute…“US PPI & Bank Earnings On Deck”Asian stocks exhibited mixed results, with major indices largely remaining range bound. The...

EURJPY M15 I Bullish Bounce
EURJPY M15 I Bullish Bounce

TitleEURJPY M15 I Bullish BounceTypeBullish RisePreference:Price has just bounced off the pivot point of 159.177, which is an overlap support level, A bounce from this point could lead the price to...

Resistance Overhead
Resistance Overhead

TitleResistance OverheadTypeBearish ReversalPreference: Price could rise towards the pivot point of 0.67292 which is a pullback resistance level and potentially reverse from here; we could see...

Dollars and Data: Unpacking the US Inflation Report Rollercoaster
Dollars and Data: Unpacking the US Inflation Report Rollercoaster

So, the US inflation report for December didn't exactly set the market on fire. It caused a brief dollar rally, with the US dollar index going up from 102.20 to 102.70, but it lost all its gains...