Tag: tickmill

TitleEURUSD H4 | Falling from Fibo Confluence? TypeBearish Reversal Preference:Price is rising toward our pivot point of 1.08882 which has 61.8% Fibo retracement and 23.6% Fibo retracement, indicating Fibo confluence level. A reverse from here, price could fall to 1st support level at 1.08318 which is a swing low support level. Alternative scenario:However, if price […]

GBP Heavily Sold Similar to what we’ve seen with EUR today, GBP has come under heavy selling pressure on the back of a dismal set of flash UK PMI readings this morning. The UK services PMI was seen falling back into negative territory this month at 48.7 from 51.5 prior and below the 50.9 the […]

TitleEURGBP H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price could potentially bounce from our pivot point at 0.8505, which is the swing low support level, to the 23.6% fibo retracement level. If price does not break the previous swing low support, then price could potentially rise towards the 1st resistance at 0.8554, which […]

TitleGBPJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference: Price has reacted off our pivot point at 185.32, which is an overlap support level and at the 61.8% fibo retracement level. We can expect price to rise towards our 1st resistance at 186.70, which is a swing high resistance level. Alternative scenario: If […]

TitleSPX500USD H4 | Bearish reaction off 23.6% fibo? TypeBearish Reversal Preference: Price is reacting off our pivot point at 4399.87, which is a pullback resistance, and at the 23.6% fibo retracement. We can expect price to fall to the 1st support level, which is a multi-swing low support and 78.6% fibo projection. Alternative scenario: If […]

TitleGBPUSD H4 | Bearish reaction off 61.8% fibo? TypeBearish Reversal Preference:Price is approaching our pivot point at 1.2790, which is a multi-swing high resistance, and 61.8% fibo projection. Price could fall to the 1st support at 1.2708, which is slightly above the 50% fibo retracement and multi-swing low support level. Alternative scenario:If price breaks above […]

Hawkish BOE Expectations Driving GBP After pausing since around late June until the middle of this month, the bull rally looks to be back underway in GBPJPY. Hawkish BOE expectations are underpinning the current drive higher with traders anticipating that the central bank will be forced to hike at least once more this year, potentially […]

Focus on Fed-Speak  The US Dollar is stalled at a key resistance level ahead of a slew of incoming data and Fed-speak this week. Looking ahead today, Fed’s Goolsbee and Bowman are due to speak. Both Fed members have been on the hawkish side recently, speaking in favour of further tightening as a result of […]

TitleEURJPY H4 | Bearish reversal off 127.2% fibo extension? TypeBearish Reversal Preference: Price is approaching our pivot point at 159.77, which is at the 127.2% fibo extension. If price does not break above the pivot point, and the body of the candle closes below, price could potentially fall to the 1st support at 158.45, which […]

Stocks Fighting On US stocks are continuing to push higher on Tuesday as the recovery off recent lows continues. The correction in the Nasdaq has seen the market shedding around 9% from YTD highs. A shift in expectations regarding the Fed has been the major driver behind the move lower. With traders eyeing fresh potential […]