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Forex

EURJPY H4 | Potential bullish breakout
EURJPY H4 | Potential bullish breakout

TitleEURJPY H4 | Potential bullish breakoutTypeBullish BouncePreference:EURJPY is sitting on the pivot point at 161.757, which is the overlap resistance. Price could break above the pivot and rise to...

Falling to 50% Fibonacci Support
Falling to 50% Fibonacci Support

TitleFalling to 50% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.34729 which is a pullback support that aligns with the 50.0% Fibonacci retracement level...

USDJPY Bounces As US Inflation Stays Strong
USDJPY Bounces As US Inflation Stays Strong

USD Rallies on Hotter InflationThe US Dollar is seeing better demand today on the back of yesterday’s February inflation report. Annualised CPI was seen rising to 3.2% from 3.1% prior with month over...

Daily Market Outlook, March 13, 2024
Daily Market Outlook, March 13, 2024

Daily Market Outlook, March 13, 2024Munnelly’s Macro Minute…“Whipsaw Reaction To US Inflation Resolves With Risk On Response”Most Asian stock markets are experiencing gains on Wednesday, taking...

USD Trim Gains After CPI Upside Surprise; GBP Sees Downside Risk on Strong Technical Signals
USD Trim Gains After CPI Upside Surprise; GBP Sees Downside Risk on Strong Technical Signals

The US Dollar is currently experiencing a downturn, unwinding gains fueled by the latest US Core CPI figures, which exceeded expectations. This unforeseen development has raised uncertainties...

GBPUSD H1 | Falling to support level?
GBPUSD H1 | Falling to support level?

TitleGBPUSD H1 | Falling to support level?TypeBearish DropPreference: Price has just reacted off the  pivot point of 1.2789,  an overlap resistance level. A reversal from this point could lead the...

EURUSD H1 | Bearish reversal?
EURUSD H1 | Bearish reversal?

TitleEURUSD H1 | Bearish reversal?TypeBearish ReversalPreference:Price rises toward the pivot point of 1.0931, an overlap resistance close to 78.6% Fibo retracement. A reverse from this level could...

Potential Bearish Reversal
Potential Bearish Reversal

TitlePotential Bearish ReversalTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.66443 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement...

Dollar In Focus As CPI Looms
Dollar In Focus As CPI Looms

Inflation ExpectationsAll eyes are on the US Dollar today as traders brace for the latest US inflation data due this afternoon. Last time around, inflation was seen falling back to 3.1% from 3.4%...