Tag: tickmill
TitleUS30USD H4 | Bullish bounce off 78.6% fibo? TypeBullish Bounce Preference:Price has reacted to the 78.6% fibo retracement, and the ascending trendline as well. Our pivot point is at 34258.43, which is slightly above the 78.6% fibo retracement, and it is an overlap support level. We can expect price to rise towards the 1st resistance […]
TitleNZDJPY H4 | Potential bullish bounce? TypeBullish Bounce Preference: Price is falling towards the pivot point of 86.185 which is a pullback support that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 86.746 which is a pullback resistance. […]
Bullard & Collins Support Further Hikes Ahead of the Jackson Hole Symposium today USDJPY is holding just below the YTD highs. USD is seeing fresh buying ahead of the event on the back of hawkish comments from Fed’s Bullard yesterday. The Philly Fed chief downplayed US recession risks and instead said that further tightening might […]
Metals Moving Up The metals market is rallying back this week. After coming under heavy selling pressure over the last month, gold futures are on course to print their fourth consecutive positive session today. The safe haven has seen better demand in recent days as US yields have fallen back ahead of the Fed’s Jackson […]
TitleCHFJPY H4 | Bullish bounce off pullback support TypeBullish Bounce Preference: Price is falling towards the pivot point of 164.536 which is a pullback support that sits above the 61.8% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 165.49 which is an […]
Lagarde On Watch The Euro has fallen to its lowest level since early June ahead of the keenly awaited Jackson Hole Symposium taking place today. The event will feature hotly anticipated comments from both Fed’s Powell and ECB’s Lagarde, creating double the risk for EURUSD. On the back of yet further eurozone data weakness this […]
TitleEURUSD H4 I Bounce off Fibo Confluence? TypeBullish Bounce Preference:Price is falling toward our pivot point of 1.07402 which is a multi swing low support level that aligns with 161.8 extension and 100% projection. A bounce off from here, price could rise to 1st resistance at 1.07997 which is a pullback resistance level. Alternative scenario:However, […]
Amazon Stocks Slide From Highs Shares in Amazon are trading a little higher ahead of the US open today. Despite the uptick, the stock is sitting around 9% down off the YTD highs following the recent correction. The move lower comes amidst a pullback in mega-cap tech stocks recently. A bumper set of Q2 earnings […]
US bond rates retreated from their highs on Wednesday after the BLS revised the annual job growth in the United States downward by 306K, which was lower than some experts had expected, with forecasts anticipating a decrease of 500K. The bond market’s reaction, characterized by a roughly 10 basis point drop in yields across all […]
TitleGBPUSD H4 I Potential bullish reversal? TypeBullish Bounce Preference:Price is falling toward our pivot point of 1.25416 which is a pullback support level that aligns with 161.8% extension and 100% Fibo projection. A bounce off from here, price could rise to 1st resistance at 1.26182 which is a pullback resistance level Alternative scenario:However, if price […]