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TitleGBPUSD H4 | Bearish reversal? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1.25995, which serves as an overlap resistance level aligning with the 50% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 1.1.25048 an overlapping support level. Alternative scenario:However, if the price […]

Daily Market Outlook, December 12, 2023 Munnelly’s Market Minute…  Asia – Most Asia-Pacific stocks were positive following gains on Wall Street. The Nikkei 225 surged initially but steadily gave up nearly all of its gains as the effects of a firmer currency seeped through. Hang Seng and Shanghai Comp. were initially underpinned by China’s Central […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after a rebound from the support level. The instrument is going under the Ichimoku Cloud, which implies a downtrend. A test of the lower boundary of the Cloud at 1.2605 is expected, followed by a decline to 1.2365. The decrease could be additionally supported by […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the resistance at 1.0870. However, the price might correct to 1.0715 and continue the uptrend upon testing the support. […]

Futures Weekly Action Areas #ES #NQ #YM To access the weekly action areas for the trading week ahead in the emini futures markets use the links below Emini SP500 https://youtu.be/45zIT1EZ3nk?si=GixnNYCW5CKxZjJy Emini Nasdaq https://youtu.be/4WrRlxXH5e8?si=CJ5SWGCY6xvesJ3B Emini DowJones https://youtu.be/GAdVTW5w7Js?si=5M0dGy0Zwuh4FHMw Source: Tickmill

Apple stocks closely approached a very strong and important resistance level of 198.35. Once this asset faces resistance, it might drop and head south. Of course, the price of this asset might manage to break this resistance, head north, and hit a psychological level of 200 U.S. dollars per stock. So, let’s observe which scenario […]