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Forex

NZDUSD H4 | Approaching 78.6% Fibo support
NZDUSD H4 | Approaching 78.6% Fibo support

TitleNZDUSD H4 | Approaching 78.6% Fibo supportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.61288 and could potentially reverse from here; we could see momentum carry...

EURUSD H4 | Potential Bullish reversal?
EURUSD H4 | Potential Bullish reversal?

TitleEURUSD H4 | Potential Bullish reversal?TypeBullish BouncePreference:Price is approaching our pivot point of 1.10464 which is a pullback support level. A reverse from here, price could push up to...

EUR Tanks As Eurozone PMIs Plunge Further
EUR Tanks As Eurozone PMIs Plunge Further

 German Data Drops AgainEURUSD is trading lower today as EUR comes under heavy selling pressure on the back of a slew of negative data today. The latest round of eurozone PMIs saw factory and...

GBPJPY H4 | Bearish reversal at 61.8% fibo projection?
GBPJPY H4 | Bearish reversal at 61.8% fibo projection?

TitleGBPJPY H4 | Bearish reversal at 61.8% fibo projection?TypeBearish ReversalPreference:Price is currently in a bullish momentum, heading towards our pivot point at 181.57, which aligns with the...

Strong UK Retail Sales Fail to Halt GBP Waterfall
Strong UK Retail Sales Fail to Halt GBP Waterfall

Consumer Confidence DipsThe latest data out of the UK today painted a very mixed picture. Firstly, the GfK consumer confidence reading was seen printing -30, down from -24 previously and worse than...

EURUSD H1 I Potential bearish reversal?
EURUSD H1 I Potential bearish reversal?

TitleEURUSD H1 I Potential bearish reversal?TypeBearish ReversalPreference:Price is rising towards our pivot point of 1.11775  that aligns with 38.2 and 50% Fibo retracement, indicating Fibo...

CAD Retail Sales on Watch Following CPI Fall
CAD Retail Sales on Watch Following CPI Fall

BOC On WatchWith no US data on deck today, the focus will be on Canadian retail sales. With the BOC very much back in the show regarding rate hikes, traders are paying close attention to incoming CAD...

Daily Market Outlook, July 21, 2023
Daily Market Outlook, July 21, 2023

Daily Market Outlook, July 21, 2023Munnelly’s Market Commentary… Asian equity markets were a mixed bad overnight following the negative sentiment from Wall Street, particularly from the Nasdaq 100,...

Dollar Rebounds on Positive US Data, EURUSD and GBPUSD Charts Show Potential Resistance
Dollar Rebounds on Positive US Data, EURUSD and GBPUSD Charts Show Potential Resistance

Labor market and consumer confidence data in the US, released yesterday, beat estimates, allowing the dollar to stage a comeback. EURUSD retreated into the range of 1.11-1.1150 in line with...