Tag: tickmill

TitleAUDUSD H4 | Potential bounce off support level TypeBullish Bounce Preference: Price is falling to  to our pivot point of 0.66357 which is an overlap support level that aligns with 61.8% Fibo retracement and 78.6% Fibo Projection. A bounce off from here, price could rally to 1st resistance at 0.67063 Alternative scenario:However, if price breaks […]

TitleEURUSD H4 | React off 38.2% TypeBearish Reversal Preference: Price is currently at our pivot point of 1.09038 which aligns with a 38.2% Fibo retracement. A reverse from here, price could fall to 1st support at 1.08497 which is an overlap support. Alternative scenario: However, if price breaks above the pivot, It could rally to […]

Bitcoin has tested the resistance at the level of 31000 without breaking it. The asset’s price is likely to rebound and drop. However, it would be wise to observe the candlestick formations because the asset might still break this level through and jump. So, let’s see what might happen next. Gold is heading down, it […]

Hunt to Meet UK Industry Leaders The Chancellor of the Exchequer Jeremy Hunt is due to meet with industry leaders in the UK this week in a bid to establish how government and industry can work together to tackle inflation. The meetings come on the back of PM Rishi Sunak warning that the government will […]

TitleXAUUSD H4 | Bullish reversal from swing-low TypeBullish Bounce Preference:Price is falling towards the pivot point of 1913.196 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance of 1931.731. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1899.962. To discuss […]

Tesla Pullback Continues Shares in Tesla are trading over 1% lower ahead of the open on Monday. The stock has now slipped around 9% from the YTD highs printed earlier in the month. A pullback in broader risk appetite is certainly one of the factors weighing on Tesla here. Hawkish central bank expectations and rising […]

TitleDXY H4 | Potential bearish breakout TypeBearish Breakout Preference:Price is approaching the pivot point of 102.2546 and could potentially break below this level; we could see momentum carry price down to its 1st support of 101.8953. Alternative scenario:If price reverses the pivot point, it could hit the 1st resistance of 102.5885.  To discuss this trading […]

Daily Market Outlook, June 26, 2023 Munnelly’s Market Commentary…  Asian equity markets showed limited movement following losses on Wall Street Friday, as weak global PMI data and a lack of fresh catalysts kept markets subdued. The weekend news cycle was dominated by the brief uprising of the Wagner Group in Russia. The Nikkei 225 in […]

TitleUSDJPY H4 | Reversal from 23.6% Fibo TypeBullish Bounce Preference:Price could fall towards the pivot point of 142.262 and potentially reverse from here; we could see momentum carry price up to its 1st resistance of 143.26. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 141.25.  To discuss this […]

Silver Under Pressure The latest round of US PMI readings will be in focus today. An uptick in USD has put fresh pressure on metals with silver prices now down around 10% from the month’s highs. Powell’s reaffirmation this week of the Fed’s outlook at the recent FOCM has seen market sentiment flipping back in […]