TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.3638 which is a pullback support level and could potentially reverse from here; we could see...
Potential Bearish Reversal
TitlePotential Bearish ReversalTypeBearish ReversalPreference:Price has just reacted off the pivot point of 0.6577 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level...
Approaching Resistance at 50% Fibonacci Retracement
TitleApproaching Resistance at 50% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.0740 which is a pullback resistance that aligns with the 50.0%...
USD Retreats As Powell Dials Back Hawkish Signals
No Joy for USD BullsThe US Dollar is trading lower today on the back of the May FOMC yesterday. The central bank held interest rates unchanged, as expected, but was far more close-guarded in its...
Heading into Resistance
TitleHeading into ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.5979 which is a pullback resistance level and could potentially reverse from here; we could see...
Daily Market Outlook, May 2, 2024
Daily Market Outlook, May 2, 2024Munnelly’s Macro Minute…“Recent Data Leaves Powell Boxed In, Further JPY Intervention Eyed”In Asian trade, equities mostly climbed following remarks from Fed Chair...
USDJPY Falls After FOMC
USDJPY Drops AgainThe US Dollar dropped more than 3% against the Japanese Yen yesterday as the Fed struck a less hawkish tone than many were expecting at the May FOMC. The Fed warned that it was still...
Bitcoin Forecast: Potential Price Drop Ahead!
The price of Bitcoin has formed the bearish engulfing at the end of April. The daily chart also shows that the price of this asset has dropped and formed a double top. As for now, the asset’s price...
Falling to 61.8% Fibonacci Support
TitleFalling to 61.8% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 154.59 which is a pullback support that aligns with the 61.8% Fibonacci retracement...
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