Tag: tickmill

TitleXAUUSD H1 | Falling from Fibo  61.8? TypeBearish Reversal Preference:Price has just reacted off our pivot point 1946.06, which serves as an overlap resistance level that aligns with 61.8% Fibo retracement.  A reversal from this point could lead the price to drop to the 1st support at 1938.121, an overlap support level. Alternative scenario:However, if […]

Weak US Jobs Data Weighs on Fed Tightening Expectations Despite weakness seen in key US labour market indicators last week, USDJPY is starting the week in the green. On Friday, the latest jobs report was a mixed bag. The headline NFP reading was seen coming in above forecasts at 187k vs 169k expected, though the […]

Lagarde on Watch EURUSD continues to hold at a key support level ahead of an upcoming speech by ECB chief Lagarde later today. Traders will be keen to see if Lagarde gives any clues as to how the ECB is likely to act at the next rate setting meeting due later this month. The market’s […]

The US unemployment report for August showed modest job growth, a slowdown in wage growth, and a relatively sharp jump in the unemployment rate, all clear signs that the US labor market is normalizing. It’s challenging to expect inflation to accelerate in this context, so the likelihood of the Federal Reserve raising interest rates in […]

TitleUS30USD H1 | Bearish reaction off 78.6% fibo? TypeBearish Reversal Preference:Price is approaching our pivot point at 34910.6, which is a swing high resistance, aligning with the 78.6% fibo retracement and 78.6% fibo projection. If price closes below our pivot point, then we can expect price to fall to the 1st support at 34691.1, which […]

  OPEC+ Supply Cut Expectations Driving Crude Crude prices are starting the week on a softer footing after breaking out to their highest levels since November 2022 on Friday. The main driver behind the move is the bullish OPEC+ backdrop. On the back of recent production cuts, allied non-OPEC producer Russia noted that it will […]

TitleGBPUSD H4 | Falling from a pullback resistance? TypeBearish Reversal Preference: Price is rising toward our pivot point of 1.26539 which serves as a pullback resistance level that aligns with 50% Fibo retracement. A  reversal from this point could lead the price to drop to the 1st support at 1.25705, a swing-low support level. Alternative […]

Bitcoin has gained the required support at the level of 25000 and formed a hammer. The asset is likely to head north and face resistance at the level of 29000 soon. So, let’s observe what is going to happen. The price of Brent oil has reached the resistance level of 89.00. The asset might either […]

GDP Undershoots The US Dollar rout continues this week ahead of the all-important NFP release tomorrow. DXY took another leg lower as the prelim Q2 US GDP reading yesterday came in below expectations at 2.1% vs 2.4% prior and expected. This marks the latest in a string of tier-one data points to undershoot expectations and […]

TitleUS30USD H4 | Bearish reversal off 161.8% fibo? TypeBearish Reversal Preference:Price is currently in a bullish momentum, and could potentially rise towards the pivot point at 35079.5, which is an overlap resistance and 161.8% fibo extension. If price reacts bearishly at the pivot point, we can then expect price to fall to the intermediate support […]