Daily Market Outlook, April 23, 2024Munnelly’s Macro Minute…“PMI Data On Deck Ahead Of Tesla Earnings Report”On Tuesday, most Asian stock markets are experiencing gains, influenced by the positive...
Falling to 50% Fibonacci Support
TitleFalling to 50% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.3671 which is a pullback support that aligns with the 50.0% Fibonacci retracement level...
Dollar Steady Amidst Geopolitical Calm, Eyes on US Data and Central Banks
In the wake of a relatively tranquil weekend marked by the absence of further escalations between Iran and Israel, the US Dollar has maintained its steady stance on Monday. Investors are breathing a...
Eurozone Strength Drives Dollar Softness Ahead of US PMI Release
Tuesday witnessed the US Dollar take a slight dip, paving the way for the Euro to rally across various fronts. This maneuvering occurred amidst a flurry of activity within the Eurozone, marked notably...
Bitcoin Forecast: Correction and Price Drop Underway
The price of Bitcoin rebounded from the supporting level of 60000 and formed the price range. It might potentially break through this support and enter a very strong resistance area formed between...
GBPUSD H4 | Bearish reversal
TitleGBPUSD H4 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.2422, a pullback resistance close to the 61.8% Fibonacci retracement level. A reversal from...
Daily Market Outlook, April 22, 2024
Daily Market Outlook, April 22, 2024Munnelly’s Macro Minute…“Middle East Tensions Recede Markets Consolidate”Equity markets in Asia mostly traded higher as tensions in the Middle East remained stable,...
Heading into Overlap Resistance
TitleHeading into Overlap ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.5954 which is an overlap resistance that sits above the 38.2% Fibonacci retracement...
EUR and GBP Stage Recovery Despite Escalating Fed Hawkish Tone
Despite the contentious backdrop of geopolitical risks and the Federal Reserve adopting a more hawkish stance in its statements, EUR/USD managed to stage a recovery above the 1.0650 mark. The flight...
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