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Forex

Daily Market Outlook, January 24, 2024

Daily Market Outlook, January 24, 2024Munnelly’s Market Minute…“China Restricts Short Selling & PBoC Cut RRR BY 0.5%”Asian markets traded with mixed results, influenced by the performance of Wall...

GBPUSD Rallying on UK PMI Beat

GBP Rallying on Better PMIsThe British Pound is seeing firm demand across the European morning on Wednesday. GBPUSD is up around 0.72% on the day and close to testing current 2024 highs following some...

EURJPY H4 | Bearish breakout

TitleEURJPY H4 | Bearish breakoutTypeBearish BreakoutPreference:The current price is on a down trend, once it breaks the pivot point at 160.63, the pullback support aligning with 38.2% Fibonacci...

EURGBP Day | Bouncing off support level

TitleEURGBP Day | Bouncing off support levelTypeBullish BouncePreference:The price is on the pivot point at 0.85515, the multi-swing low support, price could bounce off the level and rise to 1st...

Rising into Overlap Resistance

TitleRising into Overlap ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 2.08436 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement...

Falling to 38.2% Fibo Support

TitleFalling to 38.2% Fibo SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 103.098 which is a pullback support that aligns close to the 38.2% Fibonacci retracement...

Daily Market Outlook, January 23, 2024

Daily Market Outlook, January 23, 2024Munnelly’s Market Minute…“China Mulling $278Bln Equities Bailout”Asian stocks mostly rose after Wall St's fresh record levels, but gains were limited ahead...

Falling to Pullback Support

TitleFalling to Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.34232 which is a pullback support level and could potentially reverse from here; we could see...

GBPJPY H4 | Rising to Fibo level

TitleGBPJPY H4 | Rising to Fibo levelTypeBullish BouncePreference:The price is on the pivot point at 188.538, the swing-high resistance, if it breaks the pivot point price might continue to rise to...