TitleApproaching pullback resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6533 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement...
EURUSD Breakdown Risks Ahead of ECB
EUR Under PressureEURUSD is heading lower ahead of the April ECB meeting this afternoon. The bank is widely expected to give a strong signal that rate cuts are coming, starting in June. Pricing for a...
Bullish Rebound
TitleBullish ReboundTypeBullish BreakoutPreference:Price is rising towards the pivot point of 99.77 and we could potentially see momentum carry price up to its 1st resistance at 100.64 which is a...
Daily Market Outlook, April 11, 2024
Daily Market Outlook, April 11, 2024Munnelly’s Macro Minute…“US Inflation Aftershocks, USD Bid, Euro Traders Eye ECB ”After receiving mostly negative signals from Wall Street on Wednesday, Asian stock...
GBPUSD H4 | Potential bearish reversal
TitleGBPUSD H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.2594, a pullback resistance close to the 38.2% Fibonacci retracement level. A...
Dollar Spikes on Inflation Upset
CPI Squashes June Rate Cut HopesThe US Dollar has moved firmly higher on the back of yesterday’s March inflation reading. Annualised headline CPI was seen rising to 3.5% from 3.2% prior, above the...
EURUSD H4 | Bearish reversal
TitleEURUSD H4 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.0804, a pullback resistance close to the 50% Fibonacci retracement level. A reversal from...
USD Reacts to Mixed Inflation Data: Eyes on ECB Meeting
The US Dollar is currently undergoing a knee-jerk reaction, with traders making slight adjustments to their Greenback positions following the release of the hot Consumer Price Index data from...
S&P500 Forecast: Potential Correction Underway!
American stock index S&P500 keeps heading up. Currently, the price of this asset remains at the level of 5245. It might slightly rise in the future. However, the asset’s price is likely to undergo...
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