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Forex

GBP/JPY H4 | Bullish bounce off 38.2% Fibo?
GBP/JPY H4 | Bullish bounce off 38.2% Fibo?

TitleGBP/JPY H4 | Bullish bounce off 38.2% Fibo?TypeBullish BouncePreference:The current price is on the pivot level at 187.092, which is a pullback support and it also aligns with the 38.2% fibo...

EURUSD Reversal Signs
EURUSD Reversal Signs

 EUR Slides on CPI DropA slew of weaker-than-forecast eurozone inflation data this week has put an end to the rally for now. With Spanish, German and overall eurozone CPI seen falling again last...

Daily Market Outlook, December 1, 2023
Daily Market Outlook, December 1, 2023

Daily Market Outlook, December 1, 2023Munnelly’s Market Commentary… Asia - Asian-Pacific stocks had a relatively subdued start to the new month, experiencing limited movement as markets took a pause...

EURJPY H4 | Bearish reversal off 50% fibo?
EURJPY H4 | Bearish reversal off 50% fibo?

TitleEURJPY H4 | Bearish reversal off 50% fibo?TypeBearish ReversalPreference:Price could rise towards our pivot point at 162.14, which is a swing high resistance level, aligning with the 50% fibo...

AUDUSD H4 | Bullish bounce off 38.2% fibo?
AUDUSD H4 | Bullish bounce off 38.2% fibo?

TitleAUDUSD H4 | Bullish bounce off 38.2% fibo?TypeBullish BouncePreference:Price is falling to our pivot point at 0.6588, which is an overlap support, aligning with the 38.2% fibo retracement. If...

EURJPY H4 | Bearish reaction off pivot?
EURJPY H4 | Bearish reaction off pivot?

TitleEURJPY H4 | Bearish reaction off pivot?TypeBearish ReversalPreference:Price could react to our pivot point at 161.52, which is a pullback resistance level. If price reacts bearishly, then we can...

Copper And EUR/USD: Bearish Outlook
Copper And EUR/USD: Bearish Outlook

The price of copper rebounded from the supporting level of 3.5500 and approached the downtrend. The price of this asset managed to break the downtrend. However, it doesn’t hold the position well, so...

Daily Market Outlook, November 30, 2023
Daily Market Outlook, November 30, 2023

Daily Market Outlook, November 30, 2023Munnelly’s Market Commentary… Asia - .stocks concluded the month with a mixed and uncertain performance, despite notable gains, as uncertainty lingered around...

EURUSD Sinks On Surging ECB Rate-Cut Bets
EURUSD Sinks On Surging ECB Rate-Cut Bets

ECB Rate Cut ExpectationsEURUSD has come under heavy selling pressure over the last 24 hours in response to a shift in the market’s outlook on ECB rates. Traders are now fully pricing in an ECB rate...