Tag: tickmill

TitlePotential Bullish Bounce TypeBullish Bounce Preference:Price is falling towards the pivot point of 81.084 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 82.353 which is a pullback resistance that aligns close to […]

  USD On Watch The US Dollar is in focus this week as traders brace for a slew of tier-one data. The headline release to focus on will be core PCE data due on Thursday. Given the importance of the data for the Fed in calculating true inflation, the release holds the potential to create […]

The price of Ethereum is trying to undergo a correction, although its depth is not known yet. The asset’s price might potentially rebound to the broken level of 2716.50, pull back, and rise. So, let’s observe whether it is likely to happen. The price of Brent oil rebounded from the resistance level of 84.00 and […]

Copper Lower on Monday Copper prices are under pressure at the start of the week with futures currently down around 1.75% from last week’s highs. The move is likely partly due to position squaring ahead of a slew of key US economic data this week. Durable goods, GDP and core PCE are all on deck […]

TitleUSDCHF H1 | Bearish Drop TypeBearish Drop Preference:Price is currently at the pivot point of 0.8813, A fall from this level could lead the price to fall to 1st support at 0.8752 Alternative scenario:If price breaks above the pivot, it could rise to 1st resistance at 0.8844, a pullback resistance To discuss this trading idea, […]

Yen Under Pressure The Japanese Yen remains under pressure as we head towards the weekend. JPY has been under steady selling pressure this week as the BOJ’s continued commitment to keeping rates at ultra-low levels remains at odds with other central banks in the G10 space. Indeed, while the prospect of rate cuts has become […]

TitlePotential Bearish Breakout TypeBearish Breakout Preference:Price is falling towards the pivot point of 1.34789 which is a potential breakout level and could drop lower from here; we could see momentum carry price down to its 1st support at 1.34448 which is a multi-swing-low support that aligns close to the 61.8% Fibonacci projection level. Alternative scenario: […]

TitleUSDCHF H1 | Bearish Continuation expected TypeBearish Drop Preference:Price is currently at the pivot point of 0.8803, an overlap resistance level. A reverse from this level could lead the price to fall to 1st support at 0.8751. Alternative scenario:If  price breaks above the pivot, it could rise to 1st resistance at 0.8845, a pullback resistance […]

Bitcoin Still Holding Bitcoin prices remain stalled at recent highs as we head into the weekend. Following the breakout move higher last week, bullish momentum has faded for now as traders await fresh directional cues. One reason for the current holdup is the Fed’s continued pushback against near-term rate-cut expectations. The FOMC minutes this week […]

TitlePotential Bearish Momentum TypeBearish Drop Preference:Price is currently trading around the pivot point of 83.241 and strong bearish momentum could potentially drive price lower down towards its 1st support at 82.345 which is a pullback support level. Alternative scenario:If price reverses from the pivot point, it could hit the 1st resistance at 83.786 which is […]