US Dollar Reacts to Inflation Data While Geopolitical Events Loom
The report on consumer prices in the United States triggered a U-turn in the dollar yesterday, as the widely expected slowdown in inflation did not materialize. Despite the relatively unremarkable...
USDJPY H4 I Falling from 127.2% Fibo?
TitleUSDJPY H4 I Falling from 127.2% Fibo?TypeBearish ReversalPreference:The price has just reacted off our pivot point of 149.76, which serves as a swing-high resistance level aligning with the...
Daily Market Outlook, October 13, 2023
Daily Market Outlook, October 13, 2023Munnelly’s Market Commentary… Asian equity markets faced headwinds from Wall Street, where headline CPI data exceeded expectations. The region also contended with...
GBPJPY H4 | Bearish reversal off 61.8% fibo?
TitleGBPJPY H4 | Bearish reversal off 61.8% fibo?TypeBearish ReversalPreference:Price could rise towards our pivot point at 183.85, which is a multi-swing high resistance level, aligning with the...
NZDUSD H4 | Bullish bounce off overlap support
TitleNZDUSD H4 | Bullish bounce off overlap supportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.60047 which is an overlap support that aligns close to the 23.6% Fibonacci...
GBPUSD H4 | Potential bearish reversal?
TitleGBPUSD H4 | Potential bearish reversal?TypeBearish ReversalPreference:The price has just reacted off our pivot point of 1.23359, which serves as a swing-high resistance level aligning with the...
Daily Market Outlook, October 12, 2023
Daily Market Outlook, October 12, 2023Munnelly’s Market Commentary… Asian equity markets saw gains, supported by Wall Street's rebound and dovish Fed commentary. The Nikkei 225 advanced following...
Gold Analysis: Potential Rebound and Drop Ahead
Gold is heading up. The asset rebounded from the supporting level of 1815.00. The price of gold might potentially rebound from the resistance area formed between levels 1900 and 1913 and drop. So,...
USDCAD H4 | Potential bearish breakout
TitleUSDCAD H4 | Potential bearish breakoutTypeBearish BreakoutPreference:Price is falling towards the pivot point of 1.35768 which is a pullback support and could potentially break below this level;...
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