Tag: tickmill
TitleEURUSD H4 | Potential bearish reversal TypeBearish Drop Preference:Price is currently at the pivot point of 1.0832, an overlap resistance level. A reverse from this level could lead the price to fall to 1st support at 1.0795, an overlap support level, above the 50% Fibo retracement Alternative scenario:If the price breaks above the pivot, it […]
Soft Data Weighing on USD The US Dollar remains muted as we move through into the back end of the week. Yesterday, advance Q1 GDP came in a touch below forecasts at 3.2% vs 3.3% expected. On the back of a run of weaker-than-forecast prints recently (retail sales, ISM services PMI, consumer confidence), the […]
The price of Bitcoin keeps renewing the many years’ maximum points. Currently, the price of this asset is testing the level of 60000. This might turn out to be a significant event. However, it is important to remember that the prices of cryptocurrencies can quickly fluctuate. The price of Bitcoin might potentially rebound to the […]
Crypto Boom Helping Shares Shares in the leading global crypto-broker Coinbase are trading sharply higher this week as the ongoing surge in crypto prices drives up trading volumes and deposits. Coinbase shares suffered heavily over the crypto devaluation which took place across 2022. With the crypto market falling sharply from highs over that period, retail […]
TitleHeading into Resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 39,023.47 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 38,460.30 which is a pullback support that aligns with the […]
TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price could rise towards the pivot point of 0.61197 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.60559 which is a swing-low support level. Alternative scenario:If price breaks […]
TitleApproaching Overlap Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.87715 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.88329 which is a pullback resistance that aligns with […]
Bitcoin Rally Approaching Key Level The rally in Bitcoin continues to gather pace today with the leading crypto coin now back up to levels not seen since November 2021. BTC futures have now risen more than 40% off the YTD lows as demand soars in the wake of the SEC approving spot-Bitcoin ETFs. The approvals […]
#US500 #USTECH #US30 Action Areas For The Week Ahead To access today’s actionable analysis for the SP500, Nasdaq & DowJones Click Here! Disclaimer: The material provided is for informational purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author and not […]
Weaker USD Helping Stocks US stock markets remain well-bid into the middle of the week as USD stays muted on the back of a set of weaker-than-forecast data yesterday. Following on from the weak January retail sales data we saw the prior week, durable goods yesterday came in well below forecasts. The headline monthly figure […]