Tag: tickmill

TitleUSDCHF H4 | Potential bullish reversal TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.89266 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.89879. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 0.89011. To discuss this […]

TitleEURUSD H4 |  Running into resistance TypeBearish Reversal Preference:Price could approach the pivot point at 1.09183 and potentially reverse from here; we could see momentum carry price down to its 1st support at 1.08432. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 1.09646. To discuss this trading idea, […]

ADP Employment Soars The US Dollar rose on the back of a slew of positive data prints yesterday. Both the ADP employment number and the ISM services PMI came in well above expectations. For the APD reading, jobs were seen at 497k, well above the 226k the market was looking for and up sharply from […]

TitleUSDJPY H4 | Potential bearish reversal TypeBullish Bounce Preference: Price is falling toward our pivot point of 142.098  which is a pullback support level that aligns with 50% Fibo retracement. A bounce off from here, price could rally to 1st resistance at 143.896 which is a pullback resistance level Alternative scenario: However, if price below […]

TitleXAUUSD H4 | React off resistance TypeBearish Reversal Preference: Price is currently at our pivot point of 1912.723 which is an overlap resistance. A reverse from here, price could fall to 1st support at 1894.686 which is a swing low support level Alternative scenario:However, if price breaks above the pivot, it could rally to 1st […]

Threads Takes on Twitter Shares in Meta are trading higher today ahead of the open as the stock receives a bullish boost from the launch of new Twitter rival Threads. The new app, which takes its users profile name, pictures and contacts over from Instagram on signup, has reportedly gained around 10 million users in […]

Daily Market Outlook, July 06, 2023 Munnelly’s Market Commentary…  Asian equity markets mostly traded lower, influenced by weak global data releases, a rising yield environment, and limited guidance from the FOMC Minutes regarding future rate increases. The Nikkei 225 faced selling pressure after falling below the 33K handle. The Hang Seng and Shanghai Comp also […]

TitleGBPUSD H4 | Falling to 50% Fibo support TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.26699 and could potentially reverse from here; we could see momentum carry price up/down to its 1st resistance at 1.27522. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.26044. […]

US Data Dump Due The Dow Jones is holding just below a major resistance level on Thursday as traders brace for a slew of US data later today. US ISM Services PMI, ADP employment change, unemployment claims and JOLTS job openings are all on deck. Following a muted few sessions for the Dollar, today’s data […]

TitleUS30USD H4 | Bullish reversal off 61.8% fibo TypeBullish Bounce Preference:Price is slowly approaching our pivot point at 33912.23, and could potentially have a bullish reversal at the 61.8% fibo retracement level. If there’s a bullish reversal, price could reach the 1st resistance at 34499.77. Alternative scenario:If price breaks below the pivot point, then price […]