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Forex

AUDUSD H1 I Bearish Reversal

TitleAUDUSD H1 I Bearish ReversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 0.6637, a pullback resistance. A reversal from this level could lead the price to fall to 1st...

EURUSD Volatility Contracts Ahead of the Weekend France Election Surprise

As the American session unfolded this Friday, we saw the EUR/USD pair climb to 1.0725. This movement comes on the heels of the latest US core PCE price index data, which revealed a much-anticipated...

Bitcoin Forecast: Potential Price Rise Ahead

The price of Bitcoin tested the psychological support level of 60000 and formed the piercing line at the end of the trading day. This level also acts as a bearish trap, and the price of Bitcoin keeps...

US Inflation Data Key For JPY Intervention

 USDJPY Breaks Fresh HighsThe US Dollar continues to push higher as traders await key inflation data tomorrow. Yesterday, USDJPY broke out to its highest level since 1986, moving above the level at...

Dollar Retreats but Near-Term Prospects Remain Positive

Today's trading session has been tumultuous, with the greenback experiencing a notable decline that erased gains from the previous week. This drop in the USD can be attributed to a mix of...

USDJPY H4 | Potential Bullish Bounce

TitleUSDJPY H4 | Potential Bullish BounceTypeBullish BouncePreference:Price could fall towards the pivot point of 159.79 which is a pullback support that aligns with the 23.6% Fibonacci retracement...

Daily Market Outlook, June 27, 2024

Daily Market Outlook, June 27, 2024Munnelly’s Macro Minute…“Japanese Yen Trading Like It’s 1986 As US PCE Data Is Eyed”After a decline in late trading for major US tech titans, Asian markets also...

NZDUSD H4 | Pullback Resistance for the Kiwi

TitleNZDUSD H4 | Pullback Resistance for the KiwiTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6101 which is a pullback resistance that aligns with the 23.6% Fibonacci...

RBA Rate-Hike Chatter Following Fresh Inflation Jump

Aussie CPI Jumps AgainAUDUSD is trading higher today on the back of the latest Australian inflation figures released overnight. Aussie CPI was seen unexpectedly jumping to 4% last month, up from 3.6%...