The daily timeframe of the New Zealand Dollar shows the newly formed downtrend between the points 0.6369 and 0.6216 as well as the horizontal level of 0.6082. This level almost coincides with the 50%...
Overlap Resistance at 61.8% Fibonacci Retracement
TitleOverlap Resistance at 61.8% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.3718 which is an overlap resistance that aligns with the 61.8%...
Potential Bullish Bounce
TitlePotential Bullish BounceTypeBullish BouncePreference:Price is falling towards the pivot point of 1.0741 which is a pullback support that aligns with the 50.0% Fibonacci retracement level and...
Daily Market Outlook, May 3, 2024
Daily Market Outlook, May 3, 2024Munnelly’s Macro Minute…“Huge Apple Buyback Boosts Markets Ahead Of Pivotal US Payrolls”On Friday, Asian stocks reached their highest level in 15 months, driven by the...
Heading into Pullback Resistance
TitleHeading into Pullback ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.2567 which is a pullback resistance level and could potentially reverse from here; we...
Approaching Pullback Support
TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.3638 which is a pullback support level and could potentially reverse from here; we could see...
Potential Bearish Reversal
TitlePotential Bearish ReversalTypeBearish ReversalPreference:Price has just reacted off the pivot point of 0.6577 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level...
Approaching Resistance at 50% Fibonacci Retracement
TitleApproaching Resistance at 50% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.0740 which is a pullback resistance that aligns with the 50.0%...
USD Retreats As Powell Dials Back Hawkish Signals
No Joy for USD BullsThe US Dollar is trading lower today on the back of the May FOMC yesterday. The central bank held interest rates unchanged, as expected, but was far more close-guarded in its...
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