Tag: tickmill

TitleEURJPY H4 | Bullish bounce off overlap support TypeBullish Bounce Preference:Price is close to the pivot point at 156.723 and could potentially reverse to bounce higher to hit the 1st resistance at 158.887. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 155.188. To discuss this trading idea, head […]

TitleUSDCHF H4 | Potential resistance at 50% Fibo TypeBearish Reversal Preference:Price could approach the pivot point at 0.90059 and potentially reverse to drop towards the 1st support at 0.89555. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 0.9034.  To discuss this trading idea, head over to Tickmill Traders […]

Better US Data Supporting Oil Crude prices are trading a little firmer on Friday with crude futures on course to end the week in the green. Better data out of the US is supporting the view that the US will avoid a recession, adding support for the crude demand outlook. However, while data out of […]

The confidence level of central bank leaders in further interest rate hikes is increasing, as demonstrated by the ECB symposium in Sintra. Powell stated that the policy may not be restrictive enough, and current expectations regarding the duration of the period of high interest rates may be underestimated by the market. He also acknowledged the […]

TitleAUDUSD H4 | Bearish reversal from 23.6% Fibo TypeBearish Reversal  Preference: Price could approach the pivot point at 0.6668 and potentially reverse to drop to the 1st support at 0.65938. Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance at 0.67178. To discuss this trading idea, head over to […]

TitleNZDUSD H4 | Bearish reversal off pivot TypeBearish Reversal Preference: Price has reversed from the pivot point at 0.60948 to drop lower. Could momentum carry price down to its 1st support at 0.60354? Alternative scenario:If price were to move above the pivot point, it could reach the 1st resistance at 0.61253. To discuss this trading […]

Daily Technical Trade Setups #GBPUSD #EURUSD #DXY To access today’s actionable analysis, click here! Source: Tickmill

Daily Technical Trade Setups #BTCUSD #ETHUSD #XAUUSD To access today’s actionable analysis, click here! Source: Tickmill

Munnelly’s Market Commentary…  Asian equity markets traded with mixed results as indecision prevailed heading towards the end of the month, quarter and half year. The performance followed a volatile session in the US, where global markets digested the recent central bank rhetoric from the Sintra Forum. Most central bankers, including Fed Chair Powell, signalled the […]

The price of Bitcoin keeps testing the resistance level of 31000; therefore, it might rebound and drop anytime soon. However, potential pennant formation on the chart might help Bitcoin break this pattern and the resistance through and hit the resistance level of 34330. In any case, Bitcoin is likely to either break the resistance level […]