Tag: tickmill
Labor market and consumer confidence data in the US, released yesterday, beat estimates, allowing the dollar to stage a comeback. EURUSD retreated into the range of 1.11-1.1150 in line with expectations, GBPUSD also extended its correction, driven by a weak inflation report, dropping to 1.2850. The monthly charts of EURUSD and GBPUSD deserve attention: It’s […]
USD Recovering The US Dollar is extending gains on Friday, with the Dollar index on course to end the week around 1.5% higher, as of writing. The rebound comes on the back of a fortnight of heavy selling in USD as traders digested the latest drop in inflation and paired back their Fed rate hike […]
TitleUSDJPY H4 I React off resistance? TypeBearish Reversal Preference: Piece is rising towards to our pivot point of 141.297 which is a pullback resistance that aligns with 50% Fibo retracement. A reverse from here, price could fall to 1st support at 139.114 which is an overlap support level Alternative scenario:However, if price breaks above the […]
BOC On Watch With no US data on deck today, the focus will be on Canadian retail sales. With the BOC very much back in the show regarding rate hikes, traders are paying close attention to incoming CAD data. Earlier in the week we saw CAD CPI falling again last month, downplaying near-term hawkish BOC […]
TitleAUDUSD H4 | Bullish continuation towards 1st resistance? TypeBullish Bounce Preference:Price bounced off the pivot point at 0.6756, an overlap support key level that aligns with the 61.8% fibo projection and 50% fibo retracement, which shows fibo confluence. Price could potentially continue its bullish momentum towards the 1st resistance at 0.6838, which is a multi-swing […]
Daily Market Outlook, July 21, 2023 Munnelly’s Market Commentary… Asian equity markets were a mixed bad overnight following the negative sentiment from Wall Street, particularly from the Nasdaq 100, which had its second-worst day of the year due to tech earnings disappointment and rising yields, weighing on investor sentiment.The Nikkei 225 also started the day […]
TitleEURGBP H4 | Bearish reaction off pivot? TypeBearish Reversal Preference:Price is approaching our pivot point at 0.8686, which is a swing-high resistance key level, and it aligns with the 50% fibo retracement. Price could potentially have a bearish reaction off the pivot point to fall to the 1st support at 0.8648, which is a pullback […]
Bitcoin is moving in a narrow range as it didn’t manage to break through the resistance level of 31000. Currently, the asset is testing the lower boundary of the range. This might cause a consolidation breakout. The asset’s price might also break the level of 31000 although this is less likely to happen. Gold has […]
TitleGBPJPY H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price is approaching the pivot point at 179.76, which is a multi-swing low key level. The 1st support is placed at 178.135, which aligns with the -27.2% fibo expansion and 145% fibo extension, this shows that there is fibo confluence. Once price bounce off the […]
AUD Higher Midweek The Australian Dollar has been the standout performer so far today. The Aussie soared higher overnight in response to the latest set of employment indicators which showed that the unemployment rate remained unchanged at 3.5% last month, despite expectations for a 0.1% increase. Additionally, the latest employment change data was firmly higher […]