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Forex

Eurozone Strength Drives Dollar Softness Ahead of US PMI Release

Tuesday witnessed the US Dollar take a slight dip, paving the way for the Euro to rally across various fronts. This maneuvering occurred amidst a flurry of activity within the Eurozone, marked notably...
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Bitcoin Forecast: Correction and Price Drop Underway

The price of Bitcoin rebounded from the supporting level of 60000 and formed the price range. It might potentially break through this support and enter a very strong resistance area formed between...

GBPUSD H4 | Bearish reversal

TitleGBPUSD H4 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.2422, a pullback resistance close to the 61.8% Fibonacci retracement level. A reversal from...

Daily Market Outlook, April 22, 2024

Daily Market Outlook, April 22, 2024Munnelly’s Macro Minute…“Middle East Tensions Recede Markets Consolidate”Equity markets in Asia mostly traded higher as tensions in the Middle East remained stable,...

Heading into Overlap Resistance

TitleHeading into Overlap ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.5954 which is an overlap resistance that sits above  the 38.2% Fibonacci retracement...

EUR and GBP Stage Recovery Despite Escalating Fed Hawkish Tone

Despite the contentious backdrop of geopolitical risks and the Federal Reserve adopting a more hawkish stance in its statements, EUR/USD managed to stage a recovery above the 1.0650 mark. The flight...

GBPUSD M15 I Bearish drop

TitleGBPUSD M15 I Bearish dropTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.2435, a pullback resistance close to the 50% % Fibonacci retracement level. A reversal from...

USDJPY M15 | Bearish Drop

TitleUSDJPY M15 | Bearish DropTypeBearish ReversalPreference:Price is rising toward the pivot point of 154.48, a pullback resistance level. A reversal from this level could lead the price to fall to...

Approaching Resistance

TitleApproaching ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.8571 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level and...