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EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the resistance level. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of upper boundary of the Cloud at 1.0995 is expected, followed by a decline to 1.0825. The decline could be additionally supported by a rebound from the upper boundary […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hanging Man reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1.3300. Next, the price could break the level and extend the downtrend. However, the quotes might correct to 1.3440 before the […]

Silver rebounded from the downtrend. The asset’s price is now heading south. Currently, the price of silver is forming a flag. Should the silver break this flag, it might eventually test the supporting zone formed between levels 22.00 and 22.30 and located next to the weekly uptrend. Silver is likely to rebound from the crossing […]

TitleEURUSD M15 | Bearish reversal? TypeBearish Drop Preference:Price has just reacted off our pivot point of 1.0977, which serves as  a multi swing high resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.0938, an overlap support level. Alternative scenario:If the price breaks above the pivot, […]

The currency market and the US bond market are in a bit of a pickle, with prices moving in tight ranges or resembling fading oscillations. It seems like all the hot info that came out recently is already baked into the prices: Hopes for figuring out the next trend are pinned on today’s US inflation […]

Daily Market Outlook, January 11, 2024 Munnelly’s Market Minute…“Markets Buoyant Ahead of US CPI Data” Asian stocks followed the upward trend seen in the US despite the absence of significant driving factors, as markets anticipate the release of US CPI data. The Nikkei 225 continued its impressive rally, surpassing 35K for the first time since […]