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Forex

Daily Market Outlook, March 12, 2024
Daily Market Outlook, March 12, 2024

Daily Market Outlook, March 12, 2024Munnelly’s Macro Minute…“Markets Firmly On US Inflation Watch”This morning, most Asian equity markets are on the rise, although Japan and one key index in China are...

CADJPY H4 | Bearish reversal
CADJPY H4 | Bearish reversal

TitleCADJPY H4 | Bearish reversalTypeBearish ReversalPreference:The price is rising toward the pivot point of 109.54, a pullback resistance that aligns with the 38.2% Fibo retracement.  A reverse from...

Dollar In Focus As CPI Looms
Dollar In Focus As CPI Looms

Inflation ExpectationsAll eyes are on the US Dollar today as traders brace for the latest US inflation data due this afternoon. Last time around, inflation was seen falling back to 3.1% from 3.4%...

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

TitleEURJPY H4 | Potential bullish breakoutTypeBullish BreakoutPreference:EURJPY is rising to the pivot point at 161.756, the overlap resistance, price could break above the pivot and rise towards the...

EURUSD H1 | Bearish Drop
EURUSD H1 | Bearish Drop

TitleEURUSD H1 | Bearish DropTypeBearish DropPreference: Price is currently at the pivot point of 1.0935, an overlap resistance that aligns with the 61.8% Fibo retraceement. A drop from this level...

Daily Market Outlook, March 11, 2024
Daily Market Outlook, March 11, 2024

Daily Market Outlook, March 11, 2024Munnelly’s Macro Minute…“Markets Cautious Ahead Of US Inflation Data”Across Asia, most equity indices experienced declines amid speculation that the Bank of Japan...

Potential Bullish Breakout
Potential Bullish Breakout

TitlePotential Bullish BreakoutTypeBullish BreakoutPreference:Price is rising towards the pivot point of 1.34940 which is a potential breakout level and could climb higher from here; we could see...

US Jobs Data Drives GBPUSD Breakout
US Jobs Data Drives GBPUSD Breakout

GBP Breaking OutThe British Pound is attempting to breakout against the US Dollar with GBPUSD currently testing YTD highs. USD has moved lower recently in line with worsening US economic data and the...

GBPUSD H1 | Dropping to support?
GBPUSD H1 | Dropping to support?

TitleGBPUSD H1 | Dropping to support?TypeBearish DropPreference: Price is currently at the pivot point of 1.2849, an overlap resistance. A drop from this level could lead the price to fall to 1st...