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Forex

Approaching Pullback Resistance
Approaching Pullback Resistance

TitleApproaching Pullback ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6487 which is a pullback resistance level and could potentially reverse from here; we...

GBPUSD M30 | Bullish Bounce
GBPUSD M30 | Bullish Bounce

TitleGBPUSD M30 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.2322, a pullback support,  A bounce from this level could lead the price to rise  to 1st...

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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
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, 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
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
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...

GBPUSD M15 I Bearish drop
GBPUSD M15 I Bearish drop

TitleGBPUSD M15 I Bearish dropTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.2435, a pullback resistance close to the 50% % Fibonacci retracement level. A reversal from...

USDJPY M15 | Bearish Drop
USDJPY M15 | Bearish Drop

TitleUSDJPY M15 | Bearish DropTypeBearish ReversalPreference:Price is rising toward the pivot point of 154.48, a pullback resistance level. A reversal from this level could lead the price to fall to...