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Kiwi (NZDUSD) Face Setbacks as Bullish Pressure Declines

Forex

<p>Get the 7 Step Checklist Johnathon Fox Uses to Find Every High Probability Price Action Trade</p> <p>Market Analysis &#8211; NZDUSD Sellers Seek Deep Penetration Kiwi face setbacks as bullish pressure declines. The Kiwi, represented by the NZDUSD pair, has encountered a setback in the face of declining bullish pressure. The

USDCAD H4 | Heading into overlap resistance

Forex

TitleUSDCAD H4 | Heading into overlap resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.33649 which is an overlap resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.32589 which is a pullback support level.Alternative scenario:If price breaks above th

Daily Market Outlook, January 3, 2024

Forex

Daily Market Outlook, January 3, 2024Munnelly’s Market Minute… Most Asian markets experienced declines as market sentiment echoed the downbeat performance of Wall Street, even though there was no clear reason for the negative trend. Meanwhile, Japanese markets were closed for a market holiday. Hang Seng and Shanghai Comp had mixed performance, with

EURUSD H4 | Bearish Reversal?

Forex

TitleEURUSD H4 | Bearish Reversal?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.0981, which serves as a pullback resistance level aligning with the 23.6% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 1.0911, an overlap support level.Alternative scenario:However, if the pric

NAS100USD H4 | Potential bearish breakout

Forex

TitleNAS100USD H4 | Potential bearish breakoutTypeBearish BreakoutPreference:Price is falling towards the pivot point of 16542.7 which is a pullback support and could potentially break under this level; we could see momentum carry price down to its 1st support at 16321.47 which is a support level that aligns with a confluence of Fibonacci levels i.

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