Category: Technial Analysis
EURUSD, “Euro vs US Dollar” EURUSD has secured below the signal lines of the indicator. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.0850 is expected, followed by a decline to 1.0730. An additional signal confirming the decline will be a rebound from […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the lower boundary of the bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests a sideways trend. A test of the upper boundary of the Cloud at 1.0915 is expected, followed by a decline to 1.0780. An additional signal confirming the decline could […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The correction target might be the 2130.00 level. After the test of the support, the price might rebound from it and develop the uptrend further. However, the quotes could […]
Daily Market Outlook, March 18, 2024 Munnelly’s Macro Minute… “Markets On Central Bank Watch” Asian stock markets are experiencing a mix of trading on Monday, following the generally negative trends from Wall Street on Friday. Traders appear hesitant to make significant moves and are looking ahead to the U.S. central bank’s upcoming monetary policy meeting. […]
The price of the Ripple currency rebounded from the broken downtrend and pulled back to retest it. The local uptrend is at the point of potential pullback. In general, it looks like this currency is undergoing correction right now. Next, it might rebound, rise, and target the level of 0.9000. So, let’s wait and see […]
PPI Drives USD Higher The US Dollar has rebounded into the end of the week following some stronger-than-forecast data yesterday. On the back of hot consumer inflation earlier in the week, PPI yesterday came in above consensus at 0.3% vs 0.2% on core and 0.6% vs 0.3% on headline. Retail sales were a touch below […]
The currency markets have been witnessing notable movements as economic data releases continue to sway investor sentiment. The EUR/USD pair, in particular, has experienced a shift in momentum, driven by surprising figures from the US economy. Concurrently, anticipation builds up ahead of the Bank of Japan’s (BoJ) meeting, with speculation rife regarding its policy stance […]
Daily Market Outlook, March 15, 2024 Munnelly’s Macro Minute… “Markets Attention Shifting To Next Week’s Central Bank Updates” Most Asian stock markets are experiencing a decline in trading on Friday, in response to the negative signals from Wall Street the previous night. This comes as there are growing worries about the US Fed delaying its […]
TitleEURUSD H4 I Bullish Bounce TypeBullish Bounce Preference:Price is falling toward the pivot point of 1.0864, a pullback support that aligns with the 161.8% Fibo extension. A bounce from this level could lead the price to rise to 1st resistance at 1.0902, a pullback resistance Alternative scenario: If price breaks below the pivot, it could […]
Cable Correcting Lower GBPUSD has pulled back below the 1.2832 level this week and is on course to end the week in the red, despite some better data along the way. The uptick in USD has squashed any bullish momentum in the Pound, which had previously broken out to its highest level against the Dollar […]