Tag: tickmill
TitleUSDCHF H4 | React off 61.8% TypeBearish Reversal Preference: Price is approaching our pivot point of 0.90558 which aligns with a 61.8% Fibonacci retracement. A reverse from here, price could fall to 1st support at 0.89899 which is a pullback support level Alternative scenario: However, if it breaks above the pivot, it could rally to […]
TitleXAUUSD H4 | Potential bounce off support TypeBullish Bounce Preference: Price is currently at our pivot point of 1933.393 which is an overlap support level. A reverse from here, price could rally to 1st resistance at 1944.805 which aligns with a 50% Fibonacci retracement, Alternative scenario:However, if price breaks below the pivot, it could fall […]
Daily Market Outlook, June 14, 2023 Munnelly’s Market Commentary… Asian equity markets traded with a somewhat mixed performance as the region displayed caution ahead of the Federal Open Market Committee (FOMC) policy announcement. The Nikkei 225 index extended its gains by 1.5%, benefiting from recent currency movements and widespread anticipation that the Bank of Japan […]
Tesla Rally Continues Shares in Tesla are trading higher pre-market as the stock’s bull run continues. The recovery off the April lows has seen Tesla shares advancing more than 70%, now up over 155% on the year so far. Shifting Fed expectations have been a huge driver behind the aggressive move higher in tech stocks […]
TitleBCOUSD H4 | Running into 50% Fibo resistance TypeBearish Reversal Preference: Price could approach the pivot point of 75.267 and potentially reverse from here; we could see momentum carry price down to its 1st support of 72.132. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 77.519. To discuss […]
TitleAUDJPY H4 | Bullish bounce from pivot TypeBullish Bounce Preference:Price could approach the pivot point of 94.584 and potentially reverse from here; we could see momentum carry price up to its 1st resistance of 95.52. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 93.812. To discuss this trading […]
Gold Flat Ahead of Fed Gold prices are looking very muted ahead of the FOMC later today, reflecting some uncertainty in the market. While the Fed is widely expected to pause its 15-month tightening campaign today, expectations are a little more split over the likely forward guidance to be offered and the tone of the […]
TitleGBPJPY H4 | Bullish breakout to the upside TypeBullish Breakout Preference:Price is approaching the pivot point of 176.927 and could potentially break out of this level; we could see momentum carry price up to its 1st resistance of 178.116. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 175.479. […]
TitleDE30EUR H4 | Bearish reversal from all-time highs TypeBearish Reversal Preference: Price is rising towards the pivot point of 16301.07 and could potentially reverse from here; we could see momentum carry price up/down to its 1st support of 16108.32. Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance of […]
BTC Unable to Rally Crypto bulls’ frustration continues this week. While other risk assets are breaking out in line with downgraded Fed rate hike projections, Bitcoin and other leading crypto assets are still stuck in a rut. The issue for crypto currently is the latest wave of negative news to hit the sector. The US […]