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Title GBPUSD M30 | Potential bearish drop Type Bearish drop Preference: The price is reacting off the pivot at 1.3510, a pullback resistance. A reversal from this level could lead the price toward the 1st support at1.3470, an overlap support that is slightly above ... Title GBPUSD M30 | Potential bearish drop Type Bearish drop Preference: The price is reacting off the pivot at 1.3510, a pullback resistance. A revers
Title XAUUSD M30 | Bullish bounce off key level Type Bullish bouncePreference: The price could fall towards the pivot at 4,440.17, which is a pullback support that aligns with the 38.2% Fibonacci retracement. A bounce from this level could lead the price toward the... Title XAUUSD M30 | Bullish bounce off key level Type Bullish bouncePreference: The price could fall towards the pivot at 4,440.17, which is a pullback
Title NZDUSD M30| Bearish drop off Type Bearish drop Preference: The price has rejected off the pivot at 0.5841, a pullback resistance. A drop at this level could lead the price toward the 1st support at 0.5820, an overlap support. Alternative Scenario: If the pric... Title NZDUSD M30| Bearish drop off Type Bearish drop Preference: The price has rejected off the pivot at 0.5841, a pullback resistance. A drop at this
Title GBPJPY H4 I Bullish continuation Type Bullish bounce Preference: The price is falling towards the pivot at 208.87, which is a pullback support that is slightly above the 61.8% Fibonacci retracement. A bounce from this level could lead the price toward the 1s... Title GBPJPY H4 I Bullish continuation Type Bullish bounce Preference: The price is falling towards the pivot at 208.87, which is a pullback support
Title EURAUD H4 I Bullish reversal setup Type Bullish bounce Preference: The price is falling towards the pivot at 1.7580, which is an overlap support. A bounce from this level could lead the price toward the 1st resistance at 1.7695, a pullback resistance that al... Title EURAUD H4 I Bullish reversal setup Type Bullish bounce Preference: The price is falling towards the pivot at 1.7580, which is an overlap suppor
Title AUDCHF H4 | Bearish reversal off pullback resistance Type Bearish reversal Preference: The price has rejected off the pivot at 0.52891, a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lead the price tow... Title AUDCHF H4 | Bearish reversal off pullback resistance Type Bearish reversal Preference: The price has rejected off the pivot at 0.52891, a pullba
Title USOUSD H4 | Potential bullish continuation Type Bullish bounce Preference: The price could fall towards the pivot at 57.41, which is a pullback support. A bounce from this level could lead the price toward the 1st resistance level at 59.67, a pullback resista... Title USOUSD H4 | Potential bullish continuation Type Bullish bounce Preference: The price could fall towards the pivot at 57.41, which is a pullback
Title USDJPY H14 IBearish drop offType Bearish drop Preference: The price is reacting off the pivot at 156.07, a pullback support. A drop at this level could lead the price toward the 1st support at 154.603, a multi-swing low support. Alternative Scenario: If the p... Title USDJPY H14 IBearish drop offType Bearish drop Preference: The price is reacting off the pivot at 156.07, a pullback support. A drop at this leve
Title AUDUSD H1 | Potential bullish continuation Type Bullish bounce Preference: The price could fall to the pivot at 0.6632, a pullback support. A bounce from this level could lead the price toward the 1st resistance at 0.6678, a multi-swing high resistance. Alter... Title AUDUSD H1 | Potential bullish continuation Type Bullish bounce Preference: The price could fall to the pivot at 0.6632, a pullback support. A bo
Title NZDUSD H1 I Bullish bounce Type Bullish bounce Preference: The price is reacting off the pivot at 0.5787, which is a pullback support. A bounce from this level could lead the price toward the 1st resistance at 0.5822, a pullback resistance. Alternative Scenar... Title NZDUSD H1 I Bullish bounce Type Bullish bounce Preference: The price is reacting off the pivot at 0.5787, which is a pullback support. A bounce

Forex

Bitcoin’s Signal is Keeping Bulls and Bears on their Toes

Bitcoin has tested the psychological level of 30000. The asset has closely approached the key resistance level of 31000. Bitcoin might potentially rebound and drop. However, considering the recent...

USDCAD H4 | Potential bearish reversal

TitleUSDCAD H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is heading towards our pivot point of 1.32772 which is a pullback resistance that aligns with a 61.8% Fibo retracement....

USDCHF H4 | React off overlap resistance

TitleUSDCHF H4 | React off overlap resistanceTypeBearish ReversalPreference:Price is currently at our pivot point of 0.89923, which represents an overlap resistance. This level aligns with a 50%...

Bank of England's Underestimated Inflation Forecasts Expose Insufficient Policy Tightening

The surprise in UK consumer inflation for May was incredibly strong, raising concerns that the Bank of England may go into overdrive with the policy tightening. GBPUSD initially tried to gain...

Daily Market Outlook, June 21, 2023

Daily Market Outlook, June 21, 2023Munnelly’s Market Commentary… Asian equity markets experienced subdued trading as they reacted to the negative performance on Wall Street and lacked positive...

GBP Sinks on Fresh CPI Surge

GBP Under PressureGBPUSD has come under fresh selling pressure today as the latest round of UK inflation data failed to inspire optimism. UK CPI in May was seen printing 8.7% on the headline reading...

Aussie Falls on Less Hawkish RBA Minutes

AUD Under PressureThe Australian Dollar has softened today on the back of the release of the latest RBA meeting minutes overnight. Following a second, unexpected rate-hike at the last meeting,...

USDJPY H4 | Bullish reversal from 38.2% Fibo

TitleUSDJPY H4 | Bullish reversal from 38.2% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 141.324 and could potentially reverse from here; we could see momentum carry...

Daily Market Outlook, June 20, 2023

Daily Market Outlook, June 20, 2023Munnelly’s Market Commentary… Most Asian equity markets experienced a decline in the absence of guidance from Wall Street, as the Juneteenth holiday and the...