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Forex

GBPJPY H4 I Bullish Continuation?
GBPJPY H4 I Bullish Continuation?

TitleGBPJPY H4 I Bullish Continuation?TypeBullish ReversalPreference:price is falling to the pivot of 189.93, a pullback support close to 23.6% Fibo retracement. A reverse from this level could lead...

USDCAD H4 | Bearish Drop?
USDCAD H4 | Bearish Drop?

TitleUSDCAD H4 | Bearish Drop?TypeBearish ReversalPreference:The price is rising toward the pivot level of 1.4088, an overlap resistance close to 61.8 Fibonacci retracemment. A reversal from this...

Daily Market Outlook, December 4, 2024
Daily Market Outlook, December 4, 2024

Daily Market Outlook, December 4, 2024 Munnelly’s Macro Minute..."Political Turmoil Front & Center, As European Markets Await French Confidence Vote”Asian markets declined following South...

USDJPY H1 | Falling from Fibo Confluence?
USDJPY H1 | Falling from Fibo Confluence?

TitleUSDJPY H1 | Falling from Fibo Confluence?TypeBullish BouncePreference:The price is approaching the pivot level of 150.69, an overlap resistance close to 61.8% Fibonacci retracement and 127.2%...

Aussie Plunging on GDP Miss
Aussie Plunging on GDP Miss

Aussie GDP DisappointsThe Aussie Dollar has been heavily sold throughout the European morning on Wednesday as traders digest weaker-than-forecast data overnight. AUD quarterly GDP came in at 0.35 vs...

USDCHF H1 | Potential Bearish Drop?
USDCHF H1 | Potential Bearish Drop?

TitleUSDCHF H1 | Potential Bearish Drop?TypeBearish ReversalPreference:The price is currently at the pivot level of 0.8887, an overlap resistance.A reversal from this level could cause the price to...

Dissecting the Markets: USD Pulls Back as Fed Rate Cut Signals Stir Markets
Dissecting the Markets: USD Pulls Back as Fed Rate Cut Signals Stir Markets

The US Dollar Index (DXY) extends retreat from its recent highs, edging toward the lower end of the 106 range on Tuesday. The dollar's easing occurs even as investors remain wary of political...

GBP Resilient Despite Weak UK Data
GBP Resilient Despite Weak UK Data

UK Retail Activity PlungesGBPUSD remains in the green today despite bearish UK data, with a weaker US Dollar helping keep the pair propped up. The UK BRC retail sales monitor for November came in well...

Dollar Slips on Fed Comments - Jobs Data on Watch
Dollar Slips on Fed Comments - Jobs Data on Watch

USD Under PressureThe US Dollar has come under fresh selling pressure through early European trading on Tuesday.  Dovish comments from Fed’s Waller yesterday have fuelled a reversal of the gains we...