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Forex

EURJPY H4 | Bounced off support line
EURJPY H4 | Bounced off support line

TitleEURJPY H4 | Bounced off support lineTypeBullish BouncePreference:The price has bounce off the pivot point at 154.606, the pullback support level and is rising towards the 1st resistance level at...

Daily Market Outlook, December 18, 2023
Daily Market Outlook, December 18, 2023

Daily Market Outlook, December 18, 2023Munnelly’s Market Minute… Last week, a notable theme in the markets was a divergence in messaging from the Federal Reserve (Fed), Bank of England (BoE), and...

AUDUSD Breakout on Watch
AUDUSD Breakout on Watch

Aussie On the UpThe Australian Dollar continues its attempted breakout today, fuelled by ongoing USD weakness. The shift in perspective on the Fed sets AUD up as a prime candidate for strength in...

USD Traders Eye Next Data Dump
USD Traders Eye Next Data Dump

USD Stays DownThe US Dollar remains under pressure as we commence the final full trading week of 2023. Last week, the Fed’s signal that rates will be cut next year acted as confirmation for those who...

NZDUSD Day | Potential bearish reversal?
NZDUSD Day | Potential bearish reversal?

TitleNZDUSD Day | Potential bearish reversal?TypeBearish ReversalPreference:Price is reacting off our pivot line at 0.62388, pullback resistance and could reverse to the 1st support line at 0.61059,...

GBPUSD D1 | Resistance overhead
GBPUSD D1 | Resistance overhead

TitleGBPUSD D1 | Resistance overheadTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.27953 which is an overlap resistance level and could potentially reverse from here; we...

GBPUSD H4 | Falling to support level?
GBPUSD H4 | Falling to support level?

TitleGBPUSD H4 | Falling to support level?TypeBearish ReversalPreference:Price is moving to our 1st support at 1.26175, the overlap support level from the pivot point at 1.27866, the swing high...

Dollar At Lows Ahead of PMIs
Dollar At Lows Ahead of PMIs

USD Under PressureThe Dollar Index is on course to end the week at its lowest level since August having shed around 2.4% since Monday’s opening price. The main driver behind the move lower this week...

Central Bank Meetings Overview: Igniting the Chase for Yield
Central Bank Meetings Overview: Igniting the Chase for Yield

This week saw a series of central bank meetings that delivered a plethora of surprises. In particular, the communication from both the Federal Reserve and the European Central Bank diverged from...