TitleGBPUSD H1 | React off 1st resistanceTypeBullish BreakoutPreference:Price is approaching our pivot point of 1.27699 which is an overlap resistance level. If it reverse from here, price could fall...
Daily Market Outlook, June 22, 2023
Daily Market Outlook, June 22, 2023Munnelly’s Market Commentary… Asian equity markets traded mostly lower as market participants reacted to the tech-driven declines on Wall Street. Investors were also...
USDCAD H4 | Bounce off from Fibo confluence
TitleUSDCAD H4 | Bounce off from Fibo confluenceTypeBullish BouncePreference:Price is falling towards our pivot point of 1.31165 which aligns with -27.2% Fibo expansion and 161.8% Fibo extension,...
EURUSD H4 | potential reverse from resistance
TitleEURUSD H4 | potential reverse from resistanceTypeBearish ReversalPreference:Price is approaching our pivot point of 1.09988, which represents an overlap resistance. This level aligns with the...
EURUSD Pushing Higher As USD Falls After Powell Speech
USD Weakens on Powell CommentsEURUSD is pushing higher today against a backdrop of USD weakness following Powell’s semi-annual testimony at Congress yesterday. Speaking at the Senate Banking...
Bank of England's Underestimated Inflation Forecasts Expose Insufficient Policy Tightening
The surprise in UK consumer inflation for May was incredibly strong, raising concerns that the Bank of England may go into overdrive with the policy tightening. GBPUSD initially tried to gain...
Daily Market Outlook, June 21, 2023
Daily Market Outlook, June 21, 2023Munnelly’s Market Commentary… Asian equity markets experienced subdued trading as they reacted to the negative performance on Wall Street and lacked positive...
GBP Sinks on Fresh CPI Surge
GBP Under PressureGBPUSD has come under fresh selling pressure today as the latest round of UK inflation data failed to inspire optimism. UK CPI in May was seen printing 8.7% on the headline reading...
USDCAD H4 | Potential bearish reversal
TitleUSDCAD H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is heading towards our pivot point of 1.32772 which is a pullback resistance that aligns with a 61.8% Fibo retracement....
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