Tag: tickmill

A batch of weaker-than-expected economic data from the United States yesterday and today has led to a significant inflow of investors back into Treasury bonds and reduced demand for the dollar. JOLTS reported that the number of job openings in July decreased to 8.8 million, indicating that there were approximately 1.5 open positions for every […]

Falling Dollar Supports Gold Gold prices were seen rallying more than 1% yesterday as softer-than-forecast US data weighed on the Dollar. US Consumer Confidence was seen falling to 106.1 from 114 prior, below the 116 the market was looking for. Additionally, the JOLTS job openings number was seen falling to 8.81 million, down from 9.17 […]

TitleSPX500USD H4 | Bearish reversal off pivot? TypeBearish Reversal Preference:Price has broken previous highs, creating several break of structures. This could mean that price could potentially head towards our pivot point at 4541.8. We can expect a bearish reversal from our pivot point, which is an overlap resistance, 78.6% fibo retracement and 161.8% fibo extension. […]

TitleEURUSD H4 | Bearish continuation Expected? TypeBullish Bounce Preference: Price has just fallen from our pivot point of 1.08376 which is an overlap resistance level. A reverse from here, price can fall to 1st support at 1.07763 Alternative scenario: However, if price breaks above the pivot, it could rise to 1st resistance at 1.09014 which […]

TitleUS30USD H4 | Bearish reaction off 127.2% fibo? TypeBearish Reversal Preference:Price is hovering below our pivot point at 34880.1, which is an overlap resistance, and at the 127.2% fibo extension. We can expect price to react off bearishly, to our 1st support at 34604.8, which is an overlap support level. Alternative scenario:If price breaks above […]

Weaker USD Helping Oil Bulls Crude prices are rising today ahead of the next EIA release scheduled for later this afternoon. The current weakness in USD is helping underpin the market, which is also being lifted by bullish sentiment in stocks currently. On the back of recent weakness in US data, rate hike projections for […]

TitleGBPUSD H4 | React off resistance level? TypeBearish Reversal Preference: Price has just reacted off our pivot point off 1.26525 which is an overlap resistance level. A reverse from here, price could fall to 1st support at 1.25647 which is a multi swing low support level. Alternative scenario:However, if price breaks above the pivot, it […]

BTC Breaks Higher Following a period of consolidation over the last week, Bitcoin prices exploded higher yesterday, carving out a more than 8% gain. The rally saw BTC breaking back above the 27415 level, a key support level for the market, putting focus back on a further push higher. The driver behind the move was […]

BOJ on Watch as JPY Weakens Further There has been plenty of chatter recently regarding a potential change of course from the BOJ. On the back of the adjustment made to its YCC target at the last meeting, some players have suggested that this lays the groundwork for a more formal policy shift in coming […]

TitleGBPJPY H4 | Bearish reaction off 61.8% fibo? TypeBearish Reversal Preference:Price is currently in a short-term bullish momentum, we can expect price to rise to our pivot point at 185.41, which is a pullback resistance level and at the 61.8% fibo retracement. Price could react bearishly at the pivot point, and fall to the 1st […]