Blogs

Resistance Overhead

Forex

TitleResistance OverheadTypeBearish ReversalPreference: Price could rise towards the pivot point of 0.67292 which is a pullback resistance level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.66556 which is a pullback support level.Alternative scenario:If price breaks above the pivot point, it coul

Daily Market Outlook, January 12, 2024

Forex

Daily Market Outlook, January 12, 2024Munnelly’s Market Minute…“US PPI & Bank Earnings On Deck”Asian stocks exhibited mixed results, with major indices largely remaining range bound. The geopolitical landscape contributed to market sentiment, particularly following joint strikes by the US and UK on Houthi targets. Additionally, investors we

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