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Forex

EUR/USD Drops to Critical 1.0500 Support Level; Technical Rebound Likely
EUR/USD Drops to Critical 1.0500 Support Level; Technical Rebound Likely

The US Dollar continues to exhibit significant strength against major peers, reaching levels not seen since early November 2023. The election of Donald Trump, along with the Republican Party securing...

GBPUSD | Bullish Bounce off
GBPUSD | Bullish Bounce off

TitleGBPUSD | Bullish Bounce offTypeBullish Bounce Preference:Price is falling toward the pivot of 1.2674, an overlap support. A bounce from this level could lead the price to rise to 1st resistance...

EURUSD H1 | Bearish Reversal
EURUSD H1 | Bearish Reversal

TitleEURUSD H1 | Bearish ReversalTypeBearish Reversal Preference:The price is moving towards the pivot level of 1.0594, a pullback resistance. A reversal at this level could cause the price to drop to...

USDJPY  H4 | Potential Bearish Reversal
USDJPY  H4 | Potential Bearish Reversal

TitleUSDJPY  H4 | Potential Bearish ReversalTypeBearish Reversal Preference:The price is approaching the pivot level of 155.81, a pullback resistance close to 161.8% Fibonacci extension. A reversal at...

GBPUSD | Bullish Reversal
GBPUSD | Bullish Reversal

TitleGBPUSD | Bullish Reversal TypeBullish Reversal  Preference:Price has just bounced off to the pivot of 1.2724, a multi-swing low support close to 161.8% Fibonacci extension. A bounce from this...

USDCHF  H4 | Potential Bearish Reversal
USDCHF  H4 | Potential Bearish Reversal

TitleUSDCHF  H4 | Potential Bearish ReversalTypeBearish Reversal Preference:The price is moving towards the pivot level of 0.8831, a pullback resistance close to 78.6% Fibonacci projection. A reversal...

NZDUSD H1  I Bullish Reversal
NZDUSD H1  I Bullish Reversal

TitleNZDUSD H1  I Bullish Reversal TypeBullish Reversal Preference:Price is falling toward the pivot of 0.5923, a support that aligns with the 61.8 Fibonacci retracement. A bounce from this level...

US Inflation Report Brings No Surprises; DXY Appears Primed for Retracement
US Inflation Report Brings No Surprises; DXY Appears Primed for Retracement

On Wednesday, the US Dollar shows signs of slight retracement, although retaining the potential for further gains as higher US yields continue to bolster its momentum. Market sentiment around the...

Daily Market Outlook, November 13, 2024
Daily Market Outlook, November 13, 2024

Daily Market Outlook, November 13, 2024 Munnelly’s Macro Minute..."Bonds Steal Bitcoins Thunder”A steep uptick in U.S. bond yields alarmed investors ahead of important inflation data that may...