Tag: tickmill
TitleDE30EUR H4 | Bullish reversal off pivot? TypeBullish Bounce Preference:Price is approaching our pivot point at 15786.68, which is at the multi-swing low support. If price rejects this area, price could potentially head towards the 1st resistance at 15996.01, which is slightly above the 23.6% fibo retracement. Alternative scenario:If price breaks below the pivot, then […]
TitleAUDUSD H4 | Bullish reversal off pivot? TypeBullish Bounce Preference: Price is approaching our pivot point at 0.6515, which is at a swing low support level. If price rejects this swing low support, we could expect price to rise to the 1st resistance, at 0.6599, which is an overlap resistance and at the 38.2% fibo […]
Daily Market Outlook, August 8, 2023 Munnelly’s Market Commentary… Asian equity markets saw a varied trading session. The initial sense of positivity driven by the favourable performance on Wall Street was dampened as Chinese markets became active participants. Simultaneously, the region had to process disappointing trade data from China. At the start, the Nikkei 225 […]
TitleEURUSD H4 | Falling to 78.6% Fibo support TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.09221 which is an overlap support that aligns with the 78.60% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.10349 which is an […]
Daily Market Outlook, August 7, 2023 Munnelly’s Market Commentary… Asian equity markets started the week on a mostly negative note, influenced by last Friday’s late decline in Wall Street. The drop in Apple shares post-earnings and reactions to weaker-than-expected Non-Farm Payrolls and higher US hourly earnings contributed to the subdued mood in the region. In […]
TitleUSDCAD Day | Potential bearish reversal? TypeBearish Reversal Preference:Price is currently at our pivot point 1.33807 which is an overlap resistance that aligns with 50% Fibo retracement. if it reverses from here, price could fall to 1st support at 1.32837 which is a pullback support level Alternative scenario:However, if price breaks above the pivot, it […]
EUR Lower Following ECB EURUSD is starting the week on a softer footing as the pair continues to hold near the foot of the recent correction lower. The latest ECB meeting saw the bank hiking rates by a further .25% while leaving the door open to further action if needed. However, the tone of the […]
TitleGBPUSD H4 | Falling to 61.8% Fibo support TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.26708 which is an overlap support that aligns with the 61.80% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.27815 which is an […]
NFP Undershoots Forecasts The US Dollar came under heavy selling pressure on Friday as the latest round of US employment indicators gave a mixed view of the US jobs market. The headline NFP figure was seen undershooting forecasts at 187k vs 205k expected, the prior figure was also revised lower to 187k from above […]
GBPJPY Sitting on Key Support GBPJPY price action is looking interesting here. The pair is essentially trading in range between 179.95 and 184.33, reflecting a pause in upside momentum on the back of the bull move off the YTD lows. We recently saw a failed downside break of the range, with the market quickly reversing […]