Daily Market Outlook, October 24, 2023Munnelly’s Market Commentary… Asia - Asian stocks edged up on Tuesday, recovering slightly from their lowest level since November 2022, while the dollar softened...
GBPUSD H4 | Reacting off resistance?
TitleGBPUSD H4 | Reacting off resistance?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 1.2263 which serves as a pullback resistance level. A reversal from this point...
GBPUSD Rallying on Weak USD & Better UK Data
UK Unemployment Rate Drops AgainGBP is moving higher today against USD as a combination of a weaker Dollar and some better-than-forecast UK data helps lift the pair. The UK unemployment rate was seen...
NZDUSD D1 | Bearish momentum to extend further?
TitleNZDUSD D1 | Bearish momentum to extend further?TypeBearish ReversalPreference:Price could rise towards the pivot point of 0.58558 which is a pullback resistance level and potentially reverse from...
EUR/USD Bulls Seized the Initiative: Potential Price Rise Ahead?
The price of the currency pair EUR/USD broke the short-term downtrend at the end of trading Friday. Should the asset’s price form at least three candles below the broken line, it might potentially...
GBPJPY H4 | Bearish reversal off 78.6% fibo?
TitleGBPJPY H4 | Bearish reversal off 78.6% fibo?TypeBearish ReversalPreference:Price could retest the pivot point at 182.32, which is a swing high resistance level, aligning with the 78.6% fibo...
AUDUSD D1 | Falling to pullback support
TitleAUDUSD D1 | Falling to pullback supportTypeBullish BouncePreference:Price could fall towards the pivot point of 0.62919 which is a pullback support level and potentially reverse from here; we...
EURJPY Pushing Back to Highs Ahead of ECB
ECB In Focus This WeekEUR will be in focus this week with the October ECB meeting on Thursday the headline event for the week. While the bank is widely expected to hold rates unchanged, there is some...
EURJPY H4 | Bullish bounce off 38.2% fibo?
TitleEURJPY H4 | Bullish bounce off 38.2% fibo?TypeBullish BouncePreference:Price could potentially bounce off our pivot point at 158.49, which is an overlap support level, aligning with the 38.2%...
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