Latest Market News
TitleEURJPY M15 I Bullish Bounce TypeBullish Rise Preference:Price has just bounced off the pivot point of 159.177, which is an overlap support level, A bounce from this point could lead the price to rise to 1st resistance at 160.05 , a swing high high resistance Alternative scenario:If price break below the pivot, it might fall […]
The primary currency pair is poised for growth on Friday. The current quote in EURUSD is 1.0975. The much-anticipated inflation data has been released. The official Consumer Price Index rose to 3.4% y/y in December from 3.1% last month. In a month-to-month comparison, the figure exceeded expectations, rising by 0.3%. Everything would be fine, but […]
Daily Market Outlook, January 12, 2024 Munnelly’s Market Minute…“US PPI & Bank Earnings On Deck” Asian stocks exhibited mixed results, with major indices largely remaining range bound. The geopolitical landscape contributed to market sentiment, particularly following joint strikes by the US and UK on Houthi targets. Additionally, investors were digesting Chinese inflation and trade data, […]
TitleEURUSD M15 I Falling to support level TypeBearish Drop Preference:Price is currently at the pivot point of 1.0974, A reverse from this point could lead the price to fall to 1st support level at 1.0941 which is a multi swing low support level Alternative scenario:If price breaks above the pivot, it might rise to 1st […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are below the 200-day Moving Average, indicating the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, the price is expected to break the 3/8 (0.8483) level downwards, followed by a decline to the support at 2/8 (0.8422). The scenario could […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.0997 and a correction to 1.0930. Today the market is forming a new growth structure to 1.1010. Upon reaching this level, a decline wave to the 1.0944 level is expected, from where the trend might continue to 1.0877. This is a local target. […]