Tag: tickmill
TitleGBPUSD H4 | Potential bearish reversal? TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.27397 which is an overlap resistance level that aligns with 50% Fibo retracement. A reverse from here, price could fall to 1st resistance at 1.26532 which is an overlap support level. Alternative scenario: However, if price breaks […]
US Labour Data Due The latest round of US jobs data is due later today and traders will be closely watching the release on the back of the Fed recently hiking rates. Ahead of the release, the US Dollar has paused, reflecting some uncertainty among traders. While the Fed is no longer expected to hike […]
Daily Market Outlook, August 4, 2023 Munnelly’s Market Commentary… Asian equity markets experienced a mixed trading session as most bourses in the region lacked a clear direction. This uncertainty followed a subdued performance in Wall Street, where investor sentiment was affected by concerns about a higher yield environment and mixed economic data. Market participants also […]
On Friday, major currency pairs experienced limited price movements, with slight gains observed in commodity dollars such as the Australian Dollar (AUD) and Canadian Dollar (CAD), owing to moderate positive developments in the commodity market. US equities showed signs of weakness yesterday, as the S&P 500 index drifted towards 4500 points. However, today, index futures […]
TitleEURUSD H4 | React off resistance level? TypeBearish Reversal Preference: price is approaching our pivot point of 1.09574 which is an overlap support level that aligns with 50% Fibo retracement. A reverse from here, price could fall to1st support level at 1.09192 which is an overlap support level. Alternative scenario:However, if price breaks above the […]
TitleNZDUD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference:Price is approaching our pivot point at 0.6064, which is at a multi-swing low support level. If price bounces off the pivot point, we can expect to see price rise to the 1st resistance at 0.6131, which is at a 50% fibo retracement and 78.6% fibo […]
Smaller Hike for Now Despite chatter around a possible .5% rate hike yesterday, in the end the BOE opted for a smaller .25% hike. The BOE cited the recent inflation drop as the key driver behind the decision to hike by the smaller amount, though did leave the door open to further tightening if needed. […]
TitleAUDUSD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference:Price is currently fluctuating between the 1st resistance and our pivot point. However, due to strong bearish momentum, we can expect price to reach our pivot point at 0.6515, and a bullish bounce to the 1st resistance at 0.6597. The 1st resistance is a pullback resistance […]
Coinbase Beats Q2 Forecasts Shares in crypto broker Coinbase are trading higher ahead of the open today on the back of better-than-forecast Q2 results yesterday. The company has come under a lot of pressure recently amidst the ongoing SEC action against the company, as well as market speculation regarding the health and future of the […]
TitleXAUUSD H4 | Bounce off major pullback support level? TypeBullish Bounce Preference:Price is approaching our pivot point at 1929.28. This pivot point is curcial, as it has just tapped the 27.2% fibo expansion, and possibly drop further to the 61.8% fibo retracement and 78.6% fibo projection major support level. We could see price rise to […]