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Forex

Daily Market Outlook, September 4, 2024
Daily Market Outlook, September 4, 2024

Daily Market Outlook, September 4, 2024 Munnelly’s Macro Minute…"September Starts With A Seasonal Slump In Sentiment, Stocks Sink”US equities fell sharply Tuesday, replicating the sell-off seen...

USDCHF H4 | Bullish Bounce
USDCHF H4 | Bullish Bounce

TitleUSDCHF H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot of 0.8476, an overlap support close to 38.2% Fibo retracement. A bounce from this level could the price to...

USDJPY H1 | Bearish Drop
USDJPY H1 | Bearish Drop

TitleUSDJPY H1 | Bearish DropTypebearish dropPreference:Price is currently at the pivot of 146.64. A drop from this level could lead the price to fall to 1st support at 145.57, a pullback support...

USDCHF H4 I Bullish Rise
USDCHF H4 I Bullish Rise

TitleUSDCHF H4 I Bullish RiseTypebullish bouncePreference:Wait for price to pullback at the pivot of 0.8508, a pullback support. A rise from this level could lead the price to rise to 1st resistance...

GBPUSD H4 I Bearish Breakout
GBPUSD H4 I Bearish Breakout

TitleGBPUSD H4 I Bearish BreakoutTypebearish breakoutPreference:Price is falling toward the pivot of 1.3106. A break below the pivot, it could lead the price to fall to 1st support at 1.3033, a...

US Dollar Holds Steady Amid Key Economic Data and Interest Rate Speculation
US Dollar Holds Steady Amid Key Economic Data and Interest Rate Speculation

As the US trading week kicks off after the Labor Day holiday, the US Dollar  is showing signs of stability, holding its ground against a broad range of major currencies. The only exception is the...

EURJPY H4  I Bullish Bounces
EURJPY H4  I Bullish Bounces

TitleEURJPY H4  I Bullish BouncesTypebullish bouncePreference:Price is falling toward the pivot of 161.64, a pullback support close to 50% Fibo retracement. A bounce from this level could lead the...

Copper Forecast: Potential Price Rise Ahead
Copper Forecast: Potential Price Rise Ahead

The price of the Australian dollar rebounded from the resistance level of 0.6798 and formed engulfing at the end of the trading week. The price of the currency pair AUD/USD is likely to drop and hit...

EUR/USD Technicals Show Bullish Breakout, But Short-Term Pullback Possible
EUR/USD Technicals Show Bullish Breakout, But Short-Term Pullback Possible

The EUR/USD pair is currently trading slightly higher, hovering around the 1.1070 mark. A key bearish factor weighing on the greenback is the growing anticipation that the Federal Reserve may...