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Day: January 20, 2024

Jan 20
Potential Bullish Bounce

TitlePotential Bullish Bounce TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.34625 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35523 which is a pullback resistance level. Alternative scenario:If price […]

Jan 20
Potential Bullish Breakout

TitlePotential Bullish Breakout TypeBullish Breakout Preference:Price is rising towards the pivot point of 37,506.96 which is a potential breakout level and could potentially move higher from here; we could see momentum carry price up to its 1st resistance at 37,865.21 which is a pullback resistance level. Alternative scenario:If price reverses from the pivot point, it […]

Jan 20
The dollar is Awaiting the Federal Reserve’s Verdict Before Embarking on Further Rally

The US Dollar is undergoing a phase of consolidation on Friday, characterized by lower highs and higher lows, following a surge in volatility earlier this week. Traders find themselves in a state of uncertainty as they approach the impending first US Federal Reserve meeting scheduled for the end of January. While it has become evident […]

Jan 20
Futures Weekly Wrap-Up #ES #NQ #YM 19/01/24

Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session click here, please like & share! Source: Tickmill

Jan 20
What’s Driving The Bitcoin Reversal

Post-SEC Sell-Off Continues The reversal lower in Bitcoin continues on Friday with the futures market now down almost 18% from YTD Highs. While many have simply written off the post-SEC reversal as mere profit taking and a ‘buy the rumour, sell the news’ mentality taking hold, there are some other dynamics at play here. Bitcoin […]

Jan 20
Potential Bearish Reversal

TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price has just reacted off the pivot point of 2,024.77 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level and could potentially drop lower from here; we could see momentum carry price down to its 1st support at 2,000.55 which is a pullback support level. Alternative […]