Tag: tickmill

BOC on Watch The Bank of Canada meets for its September rate-setting meeting today and while no further policy adjustments are expected, traders will be keeping a close eye on the bank’s forward guidance. Recent data point to a deterioration of the domestic economy, creating room for the BOC top hold rates steady today. Indeed, […]

TitleGER30 H4 | Bullish bounce off 78.6% fibo? TypeBullish Bounce Preference:Price is in a short term downtrend, and there is potential for a buy entry at the pullback of this downtrend. Our pivot point is at the previous swing low support level, 78.6% fibo retracement and 61.8% fibo projection. We can expect a bullish bounce […]

TitleUSDCAD H4 | Bullish bounce off 38.2% Fibo? TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.36026 which is an overlap 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 1.37255 which is a […]

The dollar took a new high – the highest level since the beginning of March 2023, developing an upward trend following breakout of the main bearish corridor: Among the major currencies, the AUD led decline against the dollar, followed by the NZD, the intraday fall in the respective currency pairs exceeded 1%. At the same […]

TitleUS30USD H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference:Price is approaching our pivot point at 34693.12, which is an overlap support level, aligning with the 38.2% fibo retracement. If price bounces off the pivot point, then price could rise towards the 1st resistance at 35048.11, which is an overlap resistance level. Alternative scenario:If […]

TitleEURUSD H4 | Bouncing off the support level? TypeBearish Breakout Preference: The price is falling toward our pivot point of 1.07438, which serves as an overlap support level. A bounce from this point could lead the price to rise to the 1st resistance at 1.08012, a swing-high resistance level Alternative scenario:However, if the price breaks […]

DXY on The March The US Dollar is seeing a wave of fresh demand this week as safe-haven demand supports the greenback. The heavy miss on the Chinese Caixin services PMI overnight has fuelled fresh concern for the health of the Chinese economy. With recent support measures failing to inspire confidence, concerns over Chinese economic […]

TitleXAUUSD H4 | Potential Bullish reversal? TypeBullish Bounce Preference:The price is declining towards our pivot point at 1931.886, which aligns with a 127.2 Fibonacci extension and 78.6% Fibonacci projection. A bounce from this level could lead the price to rally toward the 1st resistance at 1943.251 Alternative scenario: However, if the price breaks below the […]

TitleEURJPY H4 | Bearish reaction off 50% fibo? TypeBearish Reversal Preference: Price is currently reacting off the 50% fibo, which is at our pivot point at 158.43. If price manages to react bearishly off this pullback resistance level, then price could fall to the 1st support at 157.06, which is a multi-swing low support level. […]

TitleEURJPY H4 | Bearish reversal off 61.8% fibo? TypeBearish Reversal Preference: After forming a double bottom, price is rising towards our pivot point at 158.9, which is a potential pullback resistance level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. We can expect a bearish reversal from the pivot point, for price to […]