Tag: tickmill

Feb 27
Daily Market Outlook, February 27, 2024

Daily Market Outlook, February 27, 2024 Munnelly’s Market Minute… “US Budget Negotiations In The Spotlight” Asian Equity Markets: Most markets in the region are higher, with Japan experiencing a smaller-than-expected fall in annual inflation, potentially signaling a rise in interest rates. UK Economy: The UK’s BRC shop price index indicates a monthly fall in food […]

Feb 27
Approaching Pullback Support

TitleApproaching Pullback Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 150.354 which is a pullback support that aligns with the 100.0% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 150.607 which is a pullback resistance level. Alternative scenario:If price […]

Feb 27
EURUSD M15 I Bearish reversal

TitleEURUSD M15 I Bearish reversal TypeBearish Reversal Preference:Price is rising toward the pivot point of 1.0845, a pullback support that aligns with the 50% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 1.0788, an overlap support Alternative scenario:If price breaks above the pivot, it could rise […]

Feb 27
Potential Bearish Breakout

TitlePotential Bearish Breakout TypeBearish Breakout Preference:Price is falling towards the pivot point of 0.65498 which is a potential breakout level and could drop lower from here; we could see momentum carry price down to its 1st support at 0.65240 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level. Alternative scenario: […]

Feb 27
Bitcoin Held Up At Resistance Level

Bitcoin Rally Pauses Bitcoin prices saw very little movement over the European morning on Monday. The futures market remains stagnated for now ahead of resistance at the 53385 level. On the back of the bull move we saw over early February, the recent loss of upside momentum shouldn’t phase bulls too much with the outlook […]

Feb 27
Potential Bullish Bounce

TitlePotential Bullish Bounce TypeBullish Bounce Preference:Price is falling towards the pivot point of 81.084 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 82.353 which is a pullback resistance that aligns close to […]

Feb 26
Fed In Focus As Traders Await US PCE Data

  USD On Watch The US Dollar is in focus this week as traders brace for a slew of tier-one data. The headline release to focus on will be core PCE data due on Thursday. Given the importance of the data for the Fed in calculating true inflation, the release holds the potential to create […]

Feb 26
Ethereum and Platinum are on the Rise

The price of Ethereum is trying to undergo a correction, although its depth is not known yet. The asset’s price might potentially rebound to the broken level of 2716.50, pull back, and rise. So, let’s observe whether it is likely to happen. The price of Brent oil rebounded from the resistance level of 84.00 and […]

Feb 26
China Concerns And US Rates Outlook Weighing on Copper

Copper Lower on Monday Copper prices are under pressure at the start of the week with futures currently down around 1.75% from last week’s highs. The move is likely partly due to position squaring ahead of a slew of key US economic data this week. Durable goods, GDP and core PCE are all on deck […]

Feb 26
USDCHF H1 | Bearish Drop

TitleUSDCHF H1 | Bearish Drop TypeBearish Drop Preference:Price is currently at the pivot point of 0.8813, A fall from this level could lead the price to fall to 1st support at 0.8752 Alternative scenario:If price breaks above the pivot, it could rise to 1st resistance at 0.8844, a pullback resistance To discuss this trading idea, […]