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Forex

NZDUSD H4 | Bearish reversal
NZDUSD H4 | Bearish reversal

TitleNZDUSD H4 | Bearish reversalTypeBearish ReversalPreference:The price could react off the pivot at 0.62063, the overlap resistance. Then it could fall to the 1st support at 0.62587, the overlap...

Dollar Slumps Despite Hawkish Fed Minutes
Dollar Slumps Despite Hawkish Fed Minutes

USD Falls Despite Hawkish Fed MinutesThe US Dollar is trading lower today on the back of yesterday’s FOMC minutes, despite the minutes taking a broadly hawkish tone. Policymakers agreed that...

Bitcoin Forecast: Potential Price Correction Ahead
Bitcoin Forecast: Potential Price Correction Ahead

The price of Bitcoin keeps reversing. It should undergo correction soon. The asset’s price might not only gain the required support at the levels 49000 and 45500 but also dive even deeper and hit the...

Heading into 50% Fibonacci Resistance
Heading into 50% Fibonacci Resistance

TitleHeading into 50% Fibonacci ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.62032 which is an overlap resistance that aligns with the 50.0% Fibonacci...

Falling to 38.2% Fibonacci Support
Falling to 38.2% Fibonacci Support

TitleFalling to 38.2% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.35095 which is an overlap support that aligns with the 38.2% Fibonacci retracement...

Euro's Momentum Slows Amidst Fed Speculation and Central Bank Caution
Euro's Momentum Slows Amidst Fed Speculation and Central Bank Caution

The EUR/USD pair, which has embarked on a bullish trajectory since February 14, encountered hurdles today as it relinquished some of its intraday gains. The Asian session witnessed a surge in the...

BOC Easing in Focus As CAD CPI Slips Further
BOC Easing in Focus As CAD CPI Slips Further

BOC in FocusThe Canadian Dollar has softened a little on the back of yesterday’s inflation data. Canadian CPI was seen declining again last month, further dampening tightening expectations. The BOC...

Daily Market Outlook, February 21, 2024
Daily Market Outlook, February 21, 2024

Daily Market Outlook, February 21, 2024Munnelly’s Market Minute…“Markets On Nvidia Earnings Watch”This morning, Asian stock markets are showing a varied performance, with Chinese indices gaining while...

EUR/USD Surges Past 1.0800 Mark as Dollar Struggles: Central Bank Caution in Focus
EUR/USD Surges Past 1.0800 Mark as Dollar Struggles: Central Bank Caution in Focus

The EUR/USD pair continued its upward trajectory, breaching the 1.0800 mark on Tuesday, fueled by a weakened US Dollar struggling to find traction in the wake of normalized trading conditions...