Daily Market Outlook, March 5, 2024Munnelly’s Market Minute…“China Data & Congress Stimulus Measures Dissapoint”On Tuesday, Asian shares showed a mixed performance as investors took into account...
Bearish Downturn
TitleBearish DownturnTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.65156 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and...
Dollar Holding Support Ahead of Data
US Data DueThe US Dollar continues to trade in a very tight range ahead of today’s US ISM services PMI. Price action in DXY has stagnated over the last week in response to a slew of...
EURGBP Day | Potential bullish breakout
TitleEURGBP Day | Potential bullish breakoutTypeBullish BreakoutPreference:The price is on the pivot at 0.85536and it could continue to trend higher and breakout of the pivot point. A breakout could...
GBPJPY H4 | Potential bullish bounce
TitleGBPJPY H4 | Potential bullish bounceTypeBullish BouncePreference:The price is on a downtrend and could fall to the pivot point at 189.989, the pullback support that aligns closely with the 50%...
Dollar Braces for a Second Retest of the Key Resistance Level
On the backdrop of Super Tuesday and anticipation surrounding the potential resurgence of former US President Donald Trump in the Republican Party, the US Dollar commenced the week with a vigorous...
GBPUSD H1 | Bearish reversal
TitleGBPUSD H1 | Bearish reversalTypeBearish DropPreference:Price is currently at the pivot point of 1.273 a swing-high resistance. A reverse from this level could lead the price to fall to 1st...
EURUSD H1 | Bearish drop
TitleEURUSD H1 | Bearish dropTypeBearish DropPreference:Price is currently at the pivot point of 1.0847, a swing-high resistance. A reverse from this level could lead the price to fall to 1st support...
Daily Market Outlook, March 4, 2024
Daily Market Outlook, March 4, 2024Munnelly’s Market Minute…“China Sentiment Supported By Congress Hopes”Asian Equities and European stock futures are on the rise, echoing last week's strong...
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