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Forex

Bitcoin Forecast: Potential Price Rise Ahead
Bitcoin Forecast: Potential Price Rise Ahead

The price of Bitcoin has reached a historical high, formed a bullish trap at the level of 68998, and continued the correction. It should gain the required support at the very important level of 49000,...

EURUSD H1 I Falling in the short term
EURUSD H1 I Falling in the short term

TitleEURUSD H1 I Falling in the short termTypeBearish DropPreference:The price is falling toward the pivot point of 1.0934, which is an overlap resistance level. A reverse from this point could lead...

Rising into Resistance
Rising into Resistance

TitleRising into ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.66455 which is a pullback resistance level and could potentially reverse from here; we could see...

Dollar Soars as Fed Announcement Looms; Pound Falters on Soft CPI Data
Dollar Soars as Fed Announcement Looms; Pound Falters on Soft CPI Data

The US Dollar surged past the 104.00 threshold on Wednesday, exhibiting resilience after a brief setback following the Bank of Japan's deliberations on Tuesday. As market participants eagerly...

Pound Down As UK Inflation Resumes Decline
Pound Down As UK Inflation Resumes Decline

UK CPI Slips AgainGBP is weakening today after the latest UK inflation data showed that consumer prices are on the decline once again. Following an uptick to 4% over January, annualised headline CPI...

Will Fed Fuel Dollar Breakout?
Will Fed Fuel Dollar Breakout?

Fed on DeckGlobal markets are bracing for the latest Fed monetary policy meeting today. While the FOMC is not expected to see the Fed altering its course, traders will be scouring the details of the...

USDCHF Day I Bearish Drop
USDCHF Day I Bearish Drop

TitleUSDCHF Day I Bearish DropTypeBearish ReversalPreference:Price rises toward the pivot point of 0.8902, an overlap resistance close to 78.6% Fibo retracement. A reverse from this level could lead...

GBPUSD H4 I Bearish Drop
GBPUSD H4 I Bearish Drop

TitleGBPUSD H4 I Bearish DropTypeBearish ReversalPreference:Price rises toward the pivot point of 1.2769, a pullback resistance close to 61.8% Fibo retracement + FVG. A reverse from this level could...

Daily Market Outlook, March 20, 2024
Daily Market Outlook, March 20, 2024

Daily Market Outlook, March 20, 2024Munnelly’s Macro Minute…“All Eyes On The FOMC & Fed Chair Powell’s Presser”On Wednesday, most Asian stock markets are seeing higher trading, influenced by the...