Tag: tickmill

TitleGBPUSD H4 | Bullish bounce off pivot point? TypeBullish Bounce Preference:Price is approaching our pivot point at 1.2677, which is an overlap support level, right above the 100% fibo projection. Price could bounce off this overlap support and rise to the 1st resistance at 1.2752, which is at the 38.2% fibo retracement level. Alternative scenario:If […]

TitleUSDCAD H4 | Running into resistance? TypeBearish Reversal Preference: Price is rising towards the pivot point of 1.33867 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.33019 which is a pullback support. Alternative scenario: If price breaks above the pivot […]

The FTSE Finish Line – August 3 – 2023 FTSE BoE & BT Sour Sentiment The FTSE 100 index faced further downward pressure due to the decline of two prominent companies on Thursday. Telecom firm BT Group and consumer staples major Unilever both fell, with their shares trading ex-dividend. BT Group’s stock dropped by 5.5%, […]

TitleEURUSD H4 | Bounce off Fibo confluence? TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.09185 which is a pullback support that aligns with a confluence of Fibonacci levels (the 78.6% retracement and 61.8% projection levels) and could potentially reverse from here; we could see momentum carry price up to its 1st […]

Hawkish Risks Into BOE The main event for traders today will be the August Bank of England meeting. GBP is trading lower ahead of the meeting, despite the BOE being widely expected to hike rates by a further .25%. Indeed, over the last week many players have cited their view that the bank might hike […]

TitleUSDCAD H1 | Potential bearish divergence? TypeBearish Reversal Preference: Price has just reacted off out pivot point of 1.33012 which is a multi swing high resistance level. A reverse from here, price could fall to 1st support at 1.32617 which is an overlap support Alternative scenario: However, if price breaks above the pivot it could […]

TitleUSDCHF H4 | Bearish reaction off 38.2% Fibo? TypeBearish Reversal Preference:Price is rejecting the 38.2% fibo retracement level, which is the pivot point at 0.8776. Price could potentially form a double top, and have a bearish reaction, to fall to the 38.2% fibo retracement level at the 1st support at 0.8700. Alternative scenario:If price breaks […]

TitleSPX500USD H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference:Price is approaching our pivot point at 4530.4, which is a pullback support level, and it aligns with the 38.2% fibo retracement level. If price bounces off our pivot point, price would most likely head towards the 1st resistance at 4610.1, which is a swing […]

Paypal Earnings on Deck US payment systems company Paypal is due to report Q2 earnings today and, on the back of 5 consecutive quarters of earnings growth, traders are keen to see if the company can make that 6. On the numbers front, the market is looking for EPS of $1.154 on revenues of $7.274 […]

TitleGBPUSD H4 | Potential bullish reversal? TypeBullish Bounce Preference: Price is currently at our pivot point of 1.27734 which is an overlap support that lines up with 61.8% Fibo projection. A bounce off from here, price could push up to 1st resistance at 1.28715 Alternative scenario:However, if price breaks below the pivot, it could fall […]