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Forex

USDCHF H4 | Falling to support level?
USDCHF H4 | Falling to support level?

TitleUSDCHF H4 | Falling to support level?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 0.8999, which serves as an overlap resistance level. A reversal from this point...

NZDUSD H4 | Potential bearish reversal
NZDUSD H4 | Potential bearish reversal

TitleNZDUSD H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.58333 which is a pullback resistance that aligns with the 23.6% Fibonacci...

EURUSD Lower Ahead of ECB
EURUSD Lower Ahead of ECB

ECB In FocusThe Euro is trading lower today ahead of the October ECB meeting in a few hours’ time. The market is widely expecting the bank to keep rates on hold though, on the back of recent...

Turbulent Markets: Equities Slide, Dollar Dominates, and ECB's Caution
Turbulent Markets: Equities Slide, Dollar Dominates, and ECB's Caution

Equity Markets in DisarrayUS equities took a beating on Wednesday, with the S&P 500 shedding almost 1.5% of its market capitalization, slipping below the critical 4200-point mark. The battle...

Daily Market Outlook, October 26, 2023
Daily Market Outlook, October 26, 2023

Daily Market Outlook, October 26, 2023Munnelly’s Market Commentary… Asia - Asian stocks experienced a decline, reaching 11-month lows, while U.S. futures also dropped. The surge in the dollar and...

USDCAD H4 | Potential RSI Bearish Divergence
USDCAD H4 | Potential RSI Bearish Divergence

TitleUSDCAD H4 | Potential RSI Bearish DivergenceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.37854 which is a swing-high resistance and could potentially reverse from...

AUD Rallies on Fresh Inflation Surge
AUD Rallies on Fresh Inflation Surge

CPI Spikes AgainThe Aussie Dollar has seen fresh demand across early European trading on Wednesday following the latest Aussie data overnight. CPI was seen ticking back up last quarter with the...

Daily Market Outlook, October 25, 2023
Daily Market Outlook, October 25, 2023

Daily Market Outlook, October 25, 2023Munnelly’s Market Commentary… Asia - Asian stocks displayed mixed trading patterns, influenced by a positive lead from Wall Street. Market focus shifted to the...

EURUSD H4 | Reacting off a pullback resistance?
EURUSD H4 | Reacting off a pullback resistance?

TitleEURUSD H4 | Reacting off a pullback resistance?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.06329, which serves as a pullback resistance level aligning with the...