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Forex

GBPUSD H4 | Rising towards resistance?
GBPUSD H4 | Rising towards resistance?

TitleGBPUSD H4 | Rising towards resistance?TypeBullish BouncePreference:The price is falling toward our pivot point of 1,2323, which serves as a pullback support level. A bounce from this point could...

Daily Market Update: FX Markets Consolidate Amidst Central Bank Actions and Economic Data
Daily Market Update: FX Markets Consolidate Amidst Central Bank Actions and Economic Data

After a series of risk-on days, FX markets are now consolidating with the dollar on the rise against its major peers. This follows some intriguing price movements triggered by the Reserve Bank of...

GBPJPY H4 | Bullish bounce off 78.6% fibo?
GBPJPY H4 | Bullish bounce off 78.6% fibo?

TitleGBPJPY H4 | Bullish bounce off 78.6% fibo?TypeBullish BouncePreference:Price could potentially fall to our pivot point at 185.13, which is a pullback support, 78.6% fibo projection, and 50% fibo...

Daily Market Outlook, November 7, 2023
Daily Market Outlook, November 7, 2023

Daily Market Outlook, November 7, 2023Munnelly’s Market Commentary… Asia -  stocks experienced a decline across the board, retreating from the previous day's gains, with Wall Street's mixed...

USDCHF H4 | Bullish bounce off 78.6% fibo?
USDCHF H4 | Bullish bounce off 78.6% fibo?

TitleUSDCHF H4 | Bullish bounce off 78.6% fibo?TypeBullish BouncePreference:Price is falling to our pivot point at 0.8945, which is a pullback support level, aligning with the 78.6% fibo retracement....

EURJPY Breaking Out on BOJ Comments
EURJPY Breaking Out on BOJ Comments

JPY Falling FurtherThe Japanese Yen is weakening across early trading on Monday following the latest comments from BOJ governor Ueda today. Speaking a few hours ago, Ueda signalled that the prospect...

EURGBP H4 | Bearish reaction off 38.2% fibo?
EURGBP H4 | Bearish reaction off 38.2% fibo?

TitleEURGBP H4 | Bearish reaction off 38.2% fibo?TypeBearish ReversalPreference:Price could rise towards our pivot point at 0.8689, which is a pullback resistance level, aligning with the 38.2% fibo...

Silver Analysis: Potential Price Rise Ahead
Silver Analysis: Potential Price Rise Ahead

Currently, silver remains at the median line of the downtrend. The price of silver should rebound from the downtrend line and jump soon. Hence, one could follow the candlestick formations around this...

The Dollar's November Decline and Economic Disappointments
The Dollar's November Decline and Economic Disappointments

Historical records indicate that November has historically been a challenging month for the Dollar, and it appears that this November is following the trend. The currency commenced the month with a...