Daily Market Outlook, December 13, 2023Munnelly’s Market Minute… Asia - Asia-Pacific stocks traded mixed as investors were cautious ahead of the FOMC announcement. The Nikkei 225 increased modestly...
NZDUSD H4 | Potential bearish breakout
TitleNZDUSD H4 | Potential bearish breakoutTypeBearish ReversalPreference:Price has broken under the pivot point of 0.61079 which is an overlap support and could potentially drop lower from here; we...
GBP Slides on Fresh GDP Drop
UK GDP Sinks in OctoberThe British Pound has come under fresh selling pressure today on the back of weaker-than-forecast GDP data this morning. October GDP printed -0.3%, down from 0.2% prior and...
USDCHF H4 | Reversing to support level?
TitleUSDCHF H4 | Reversing to support level?TypeBearish ReversalPreference:Price is reacting off our pivot line at 0.87631, a pullback resistance, and is falling to the 1st support at 0.86884, a swing...
Fed dovish pivot expectations shift to 1Q 2024 as the November US CPI shows resilience
The foreign exchange market is churning today, with several key currencies experiencing volatility as investors digest the latest economic data and anticipate upcoming central bank decisions. Gold,...
TitleEURUSD H4 | Reacting off resistance?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.0813, which serves as an overlap resistance. A reversal from this point could...
USDJPY H4 | Breaking support level?
TitleUSDJPY H4 | Breaking support level?TypeBearish ReversalPreference:Price is breaking through the support at 145.315, an overlap support, and is heading to our 1st support at 144.582, a pullback...
USDCAD H4 | Bullish Bounce?
TitleUSDCAD H4 | Bullish Bounce?TypeBearish BreakoutPreference:Price is bouncing off our pivot line at 1.354 a multi-swing low support and is rising towards our resistance at 1.362 a pullback...
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