Daily Market Outlook, October 3, 2024 Munnelly’s Macro Minute…"China Rally Stalls After 30% Advance, Markets Muted Ahead Of US Payrolls”Stocks on Wall Street lacked clear direction on Wednesday,...
USDCAD H4 | Bearish Reversal
TitleUSDCAD H4 | Bearish ReversalTypeBearish ReversalPreference:The price is moving up towards the pivot level of 1.3537, which acts as an overlap resistance. A reversal at this level could cause the...
EUR/USD at a Crossroads: What’s Next?
The price of the currency pair EUR/USD rebounded from the resistance area. It is currently approaching the supporting level of 1.1000. On the one hand, it could potentially rebound from this support...
GBPUSD H4 | Bearish Reversal
TitleGBPUSD H4 | Bearish Reversal TypeBearish Reversal Preference:price is falling to the pivot of 1.3226, an overlap support close to 50% Fibo retracement. A reverse from this level could lead the...
EURUSD H4 | Bearish Drop
TitleEURUSD H4 | Bearish DropTypeBearish DropPreference:The price is falling from the pivot level of 1,1048, which acts as a pullback resistance. A drop from this level might cause the price to drop...
Pound Plunges on Dovish BOE Comments
Bailey Sends Pound DownThe British Pound has come under heavy selling pressure on Thursday following dovish comments from BOE governor Bailey. In an interview published in UK newspaper The Guardia,...
EURUSD Reversal Risks Ahead of NFP
Hawkish Powell Boost USDEURUSD was seen sinking lower yesterday in response to hawkish comments from Fed’s Powell and softer eurozone inflation for last month. Speaking at business conference, Powell...
USDCAD H4 | Bearish Reversal
TitleUSDCAD H4 | Bearish ReversalTypeBearish ReversalPreference:The price is approaching the pivot of 1.3493, which acts as a pullback resistance. A reversal at this point might cause the price to...
#DXY Trading Update
#DXY Trading UpdateIn this update we review the recent price action in the DXY futures contract and identify the next high probability trading opportunity and price objectives to target. To review...
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