Tag: tickmill

Daily Market Outlook, August 22, 2023 Munnelly’s Market Commentary…  Asian equity markets exhibited mixed trading overnight, mirroring a similar performance seen in the United States. In the US, the technology sector experienced a rally, although broader market gains were constrained due to the ongoing rise in global yields. The Nikkei 225 index advanced as the […]

TitleUSDCHF H4 | Potential Bullish Bounce off 23.6% Fibo? TypeBullish Bounce Preference:Price could potentially bounce off the 23.6% fibo, which is at our pivot point at 0.8757. If price does not break below the pivot point, then price could rise to the 1st resistance at 0.8827, which is at the 61.8% fibo retracement, and an […]

Daily Market Outlook, August 21, 2023 Munnelly’s Market Commentary…  Asian equity markets traded in a mixed trading pattern as the disappointment stemming from the People’s Bank of China’s (PBoC) decision on Loan Prime Rates overshadowed recent support measures implemented by China. The Nikkei 225 index experienced a positive trend due to Japan’s announcement of the […]

Bitcoin has dropped. The asset’s price is now approaching a very important supporting zone formed between levels 24800 and 25200. This zone might drive Bitcoin up. So far, the Bitcoin move can be considered a mere correction. In this case, it would be wise to check the price movements, that is, the candlestick formations next […]

TitleUSDCHF H4 | Bearish reaction off 78.6% fibo projection? TypeBearish Reversal Preference: Price has reacted off the pivot point at 0.8820, which is an overlap resistance and at the 78.6% fibo projection. There is a possibility for price to react off the 50% fibo retracement before falling down to the 1st support at 0.8713, which […]

OPEC Cuts Supporting Oil Oil prices are starting the week on a solid footing with crude futures in the green across early European trading on Monday. News of reduced oil exports from OPEC+ this month have helped underpin sentiment. Exports from Russia and Saudi Arabia were down firmly on the back of the two suppliers […]

TitleUS30USD H4 | Bearish reaction off 23.6% Fibo? TypeBearish Reversal Preference: Price has reached our pivot point at 34557.89, which is an overlap resistance level, and at the 23.6% fibo retracement. If price closes below our pivot point on the H4 timeframe, then price could fall to our 1st support at 34236.71, which is a […]

BTC Slides on USD Buying Bitcoin prices are looking a little more stable at the start of the week following on from the sharp drop we saw across the back end of last week. BTC futures fell more than 10% across Thursday and Friday as market jitters spooked crypto traders. A resurgence in hawkish Fed […]

TitleCADJPY H4 | Bullish bounce from 61.8% Fibo TypeBullish Bounce Preference:Price is falling towards the pivot point of 106.887 which is an overlap support that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 107.684 which is an […]

TitleAUDJPY H4 | Potential bearish breakout? TypeBearish Breakout Preference: Price is falling towards the pivot point of 93.036 which is an overlap support and could potentially break through this level; we could see momentum carry price down to its 1st support at 92.297 which is a major swing-low support. Wait for downside confirmation to provide […]