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Forex

NFP Uncertainty Prevents EURUSD from Leaving the 1.09 Area as Fed March Cut Still Under Question

The EURUSD experienced a corrective phase and stabilized below 1.0950 early on Thursday, finding support above the 1.0900 level tested the day before. The pair's technical trajectory indicates a...

Dollar Rallying Ahead of 1st NFP of 2024

ADP Drives USD Higher Ahead of NFPThe US Dollar is trading higher ahead of tomorrow’s keenly awaited NFP figures for last month. The first release of the New Year comes on the back of a...

Daily Market Outlook, January 3, 2024

Daily Market Outlook, January 3, 2024Munnelly’s Market Minute… Most Asian markets experienced declines as market sentiment echoed the downbeat performance of Wall Street, even though there was no...

USD's Rebound and the Euro's Struggle: A Dive into Market Dynamics

Wednesday saw the EUR/USD pair lose its recovery momentum, slipping below the crucial 1.0950 mark during European trading hours. This decline comes on the heels of a decisive correction in the US...

USDCAD H4 | Heading into overlap resistance

TitleUSDCAD H4 | Heading into overlap resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.33649 which is an overlap resistance and could potentially reverse from...

GBPUSD H4 | Potential Bearish reversal

TitleGBPUSD H4 | Potential Bearish reversalTypeBearish ReversalPreference:The price is rising toward our pivot point of 1.2688, which serves as a pullback resistance level aligning with the 38.2%...

EURUSD H4 | Bearish Reversal?

TitleEURUSD H4 | Bearish Reversal?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.0981, which serves as a pullback resistance level aligning with the 23.6% Fibonacci. A...

GBPJPY H4 | Bouncing off 23.6% Fibonacci Level

TitleGBPJPY H4 | Bouncing off 23.6% Fibonacci LevelTypeBullish BouncePreference:GBPJPY is bouncing off the pivot at 179.821, the pullback support that also aligns with the 23.6% Fibonacci retracement...

CADJPY H4 | Rising to resistance level

TitleCADJPY H4 | Rising to resistance levelTypeBullish BouncePreference:CADJPY could continue the uptrend from the pivot at 106.501, the pullback support, and rise to the 1st resistance at 108.107,...