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Forex

Daily Market Outlook, February 19, 2024

Daily Market Outlook, February 19, 2024Munnelly’s Market Minute…“Quiet Start, With US Offline For Presidents Day”China's markets did not show the anticipated enthusiasm after the break, with only...

EURGBP Day | Bullish breakout

TitleEURGBP Day | Bullish breakoutTypeBullish BreakoutPreference:The price could breakout of pivot at 0.85528, the overlap resistance, and rise to the 1st resistance at 0.86106, also an overlap...

GBPUSD M15 I Bearish Drop

TitleGBPUSD M15 I Bearish DropTypeBearish DropPreference: Price is currently at the pivot point of 1.2612, A reverse from this level could lead the price to fall to 1st support at 1.2555, a...

EURUSD M15 I Bearish reversal

TitleEURUSD M15 I Bearish reversalTypeBearish DropPreference:Price is currently at the pivot point of 1.0777, A reverse from this level could lead the price to fall to 1st support at 1.0733, an...

Gold Continues Winning Streak Amidst Fed Rate Cut Expectations

Gold continued its triumphant streak for the third consecutive day on Monday. From a technical analysis perspective, buyers have not yet reached any specific target, but overall, they are approaching...

Softer Dollar Continues on Monday

Muted Markets on MondayThe US Dollar is under pressure on Monday as we begin with a quieter start to the week due to the bank holiday in the US and Canada. Last week, a sharp drop in US retail sales...

Daily Market Outlook, February 16, 2024

Daily Market Outlook, February 16, 2024Munnelly’s Market Minute…“Nikkei Heading For All Time Highs WIth Japan In Recession”The Nikkei reached a 34-year high, just shy of its all-time high of 38,957.44...

USDCAD H1 I Bearish reversal

TitleUSDCAD H1 I Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point at 1.3538, a pullback resistance that aligns with the 61.8% Fibo retracement. A reverse from this...

UK Retail Sales Highest In Almost 3 Years

UK Retail Sales SoarIt’s been quite a muddled weak on the data front. In the US we had inflation coming in above forecast followed by retail sales plunging. In the UK, following a weaker-than-forecast...