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TitleGBPUSD H4 | Rising towards resistance? TypeBullish Rise Preference:Price is currently at our pivot point of 1.2390, which serves as a pullback support that aligns with the 38.2% Fibo retracement. A reversal from this point could lead the price rise to the 1st resistance at 1.2479 Alternative scenario:However, if the price breaks below the pivot, […]

The price of the currency pair EUR/USD broke the resistance level of 1.0765. The price of this asset should potentially rebound to the broken level, pull back, rise, and target the resistance level of 1.1000 next. Brent oil has formed a bearish trap at the level of 81.65 and rebounded from the lower side of […]

USDCHF, “US Dollar vs Swiss Franc” USDCHF has broken the 200-day Moving Average on H4, indicating a possible development of a downtrend. However, the RSI is already in the oversold area. As a result, the quotes are expected to rise above 2/8 (0.8911), reaching the resistance level of 3/8 (0.8977). The scenario can be cancelled […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a declining momentum at 1.0860 and a correction to 1.0868. Today the market is making a movement within a decline wave to 1.0790. After the price reaches this level, a rising link to 1.0829 is not excluded (with a test from below). Next, a decline […]

Daily Market Outlook, November 16, 2023 Munnelly’s Market Commentary…  Asia – .stocks experienced mixed performance, influenced by the choppy trading in the U.S. and a waning of recent data-driven momentum. The Nikkei 225, despite better-than-expected exports and machinery orders, saw a 0.1% decline as investors opted to book profits. in Hong Kong, the Hang Seng […]

TitleAUDJPY H4 | Falling to 38.2% Fibo support TypeBullish Bounce Preference: Price is falling towards the pivot point of 97.473 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 98.564 which is […]