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Forex

Turbulent Times Ahead: USD Under Pressure Ahead of Powell Testimony
Turbulent Times Ahead: USD Under Pressure Ahead of Powell Testimony

The US Dollar finds itself ensnared in a tumultuous market landscape, grappling with conflicting data and wavering projections on Federal Reserve policy. As traders brace for the semi-annual testimony...

Falling to 61.8% Fibonacci Support
Falling to 61.8% Fibonacci Support

TitleFalling to 61.8% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.88249 which is a pullback support that aligns with the 61.8% Fibonacci retracement...

Approaching Pullback Support
Approaching Pullback Support

TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 149.762 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and...

Potential Bullish Breakout
Potential Bullish Breakout

TitlePotential Bullish BreakoutTypeBullish BreakoutPreference:Price is rising towards the pivot point of 1.35879 which is a potential breakout level and could climb higher from here; we could see...

Daily Market Outlook, March 5, 2024
Daily Market Outlook, March 5, 2024

Daily Market Outlook, March 5, 2024Munnelly’s Market Minute…“China Data & Congress Stimulus Measures Dissapoint”On Tuesday, Asian shares showed a mixed performance as investors took into account...

Bearish Downturn
Bearish Downturn

TitleBearish DownturnTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.65156 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and...

Dollar Holding Support Ahead of Data
Dollar Holding Support Ahead of Data

US Data DueThe US Dollar continues to trade in a very tight range ahead of today’s US ISM services PMI. Price action in DXY has stagnated over the last week in response to a slew of...

EURGBP Day | Potential bullish breakout
EURGBP Day | Potential bullish breakout

TitleEURGBP Day | Potential bullish breakoutTypeBullish BreakoutPreference:The price is on the pivot at 0.85536and it could continue to trend higher and breakout of the pivot point. A breakout could...

GBPJPY H4 | Potential bullish bounce
GBPJPY H4 | Potential bullish bounce

TitleGBPJPY H4 | Potential bullish bounceTypeBullish BouncePreference:The price is on a downtrend and could fall to the pivot point at 189.989, the pullback support that aligns closely with the 50%...