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Forex

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...

EUR/USD Reversal as Eurozone Inflation Falls Short, Attention Shifts to Crucial US NFP
EUR/USD Reversal as Eurozone Inflation Falls Short, Attention Shifts to Crucial US NFP

The EUR/USD pair continued its downward trajectory, hovering near 1.0900 on Friday. Despite the annual inflation in the Euro area escalating to 2.9% in December, it fell short of the market's 3%...

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...

Daily Market Outlook, January 4, 2024
Daily Market Outlook, January 4, 2024

Daily Market Outlook, January 4, 2024Munnelly’s Market Minute… Asian markets experienced widespread declines as the cautious approach persisted from Wall Street, even in the absence of a specific...

EURGBP H4 | Bullish bounce
EURGBP H4 | Bullish bounce

TitleEURGBP H4 | Bullish bounceTypeBullish BouncePreference:EURGBP has bounced off the pivot at 0.86128, the overlap support, which aligns with the 61.8% Fibonacci retracement level. The price could...

USDJPY H4 | Bullish bounce
USDJPY H4 | Bullish bounce

TitleUSDJPY H4 | Bullish bounceTypeBullish BouncePreference:USDJPY is bouncing off the pivot at 143.152, the overlap support, and could continue rising to 1st resistance at 144.753, the overlap...

EURUSD H4 | Potential bearish reversal
EURUSD H4 | Potential bearish reversal

TitleEURUSD H4 | Potential bearish reversalTypeBearish BreakoutPreference:EURUSD could reverse to the pivot at 1.08771, the pullback support that aligns with the 61.8% Fibonacci retracement level, and...

EURJPY H4 | Potential bullish breakout
EURJPY H4 | Potential bullish breakout

TitleEURJPY H4 | Potential bullish breakoutTypeBullish BreakoutPreference:EURJPY could continue rising and break the pivot at 156.786, the pullback resistance, and rise to the 1st resistance level at...