USD Stays DownThe US Dollar remains under pressure as we commence the final full trading week of 2023. Last week, the Fed’s signal that rates will be cut next year acted as confirmation for those who...
NZDUSD Day | Potential bearish reversal?
TitleNZDUSD Day | Potential bearish reversal?TypeBearish ReversalPreference:Price is reacting off our pivot line at 0.62388, pullback resistance and could reverse to the 1st support line at 0.61059,...
GBPUSD D1 | Resistance overhead
TitleGBPUSD D1 | Resistance overheadTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.27953 which is an overlap resistance level and could potentially reverse from here; we...
Silver Analysis: Potential Price Drop Ahead
Silver is heading down. The price of silver underwent a correction, approached the broken downtrend, and formed a bearish engulfing. Since the breakout of the downtrend was false, the asset’s price...
Dollar in Focus: Market Analysis and Outlook Following Central Bank Meetings
The Dollar Index on Monday is hovering near the neutral level of 102.50, indicating that the market has absorbed the major news from the past week. This, of course, refers to the parade of...
Central Bank Meetings Overview: Igniting the Chase for Yield
This week saw a series of central bank meetings that delivered a plethora of surprises. In particular, the communication from both the Federal Reserve and the European Central Bank diverged from...
CHFJPY H4 | Potential bullish bounce?
TitleCHFJPY H4 | Potential bullish bounce?TypeBullish BouncePreference:Price is above the pivot point at 163.721, the pullback support, and could bounce off and rise to the 1st resistance level at...
AUDUSD H4 | Potential bullish bounce
TitleAUDUSD H4 | Potential bullish bounceTypeBullish BouncePreference:Price is falling to our pivot point at 0.66798, overlap support, and could bounce to our 1st resistance level at 0.6726, and...
Daily Market Outlook, December 15, 2023
Daily Market Outlook, December 15, 2023Munnelly’s Market Minute… Asia - Stocks in the Asia-Pacific region mostly traded higher, buoyed by positive sentiment from Wall Street, supported by favourable...
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