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Forex

GBPUSD M5 | Falling in the short term?
GBPUSD M5 | Falling in the short term?

TitleGBPUSD M5 | Falling in the short term?TypeBearish ReversalPreference:Price is rising toward the pivot point at 1.27195 that aligns with the 50% Fibo retracement. A reverse from this point could...

EURUSD M5 | Bullish bounce
EURUSD M5 | Bullish bounce

TitleEURUSD M5 | Bullish bounceTypeBullish BouncePreference:Price is falling toward the pivot point at 1.0925 that aligns with the 161.8% Fibo extension. A bounce from this point, could lead the price...

Potential Bullish Breakout
Potential Bullish Breakout

TitlePotential Bullish BreakoutTypeBullish BreakoutPreference:Price is rising towards the pivot point of 1.33726 which is a pullback resistance and could potentially break above this level; we could...

Daily Market Outlook, January 8, 2024
Daily Market Outlook, January 8, 2024

Daily Market Outlook, January 8, 2024Munnelly’s Market Minute… In Asia, stocks experienced a gradual decline following a quiet start, influenced by post-data market volatility in the US and the...

Mixed Signals in the Markets: US Employment and PMI Reports Shake Things Up
Mixed Signals in the Markets: US Employment and PMI Reports Shake Things Up

The job report and Services PMI in the US gave the market a bit of a rollercoaster ride last Friday. The dollar flexed its muscles after the employment statistics revealed the US added 216K jobs in...

GBPJPY H4 | Bearish reversal
GBPJPY H4 | Bearish reversal

TitleGBPJPY H4 | Bearish reversalTypeBearish ReversalPreference:GBPJPY could rise to the pivot at 184.047, the swing-high resistance, before pulling back and falling to the 1st support at 181.86, the...

EURUSD H4 | Bullish bounce?
EURUSD H4 | Bullish bounce?

TitleEURUSD H4 | Bullish bounce?TypeBullish BouncePreference:The price is falling toward the pivot point of 1.0882, which serves as a pullback support level that aligns with the 61.8% Fibo...

NZDUSD H4 | Potential bullish bounce
NZDUSD H4 | Potential bullish bounce

TitleNZDUSD H4 | Potential bullish bounceTypeBullish BouncePreference:NZDUSD could bounce off the pivot at 0.62217, the multi-swing-low support, and it could rise to the 1st resistance at 0.6326, the...

Daily Market Outlook, January 5, 2024
Daily Market Outlook, January 5, 2024

Daily Market Outlook, January 5, 2024Munnelly’s Market Minute… Stocks in the Asian region ended up trading mixed as the initial optimism slowly faded, even though there were no significant...