Tag: tickmill

TitleDE30 H4 | Bearish breakout TypeBearish  Breakout Preference:The price could continue the downtrend and break the pivot at 17065.2, the overlap support. Then it could fall to the 1st support at 16880.39, the swing-low support that aligns with the 78.6% Fibonacci retracement. Alternative scenario:It could bounce off the pivot and rise to the 1st resistance […]

TitleHeading into 50% Fibonacci Resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.62032 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.61177 which is an overlap support that aligns […]

TitleFalling to 38.2% Fibonacci Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.35095 which is an overlap support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35323 which is a pullback resistance that aligns […]

TitleGBPJPY H4 | Bullish bounce TypeBullish Bounce Preference:The price could bounce off the pivot at 188.86, the overlap support and a bounce could lead the price to rise to the 1st resistance at 190.528, which is the 127% extension level. Alternative scenario:It might reverse and break out of the pivot and fall to the 1st […]

Copper Rally Pauses for Now Copper prices are beginning the week in a quieter fashion after the solid gains we saw last week. The market surged higher by more than 4% as weakness in the US Dollar helped lift demand. Prior to last week’s rally, copper prices had been under heavy pressure as an uptick […]

TitleXAUUSD H4 | Bullish Bounce TypeBullish Bounce Preference: Price has just bounced the pivot point of 2015, an overlap support level. A bounce from this level could lead the price to rise to 1st resistance at 2029, an overlap resistance Alternative scenario:If price breaks below the pivot, it could fall to 1st support at 2006, […]

TitleNZDJPY M15 I Potential bearish reversal TypeBearish Drop Preference:Price has jsut reacted off the pivot point of 92.24, an overlap resistance that aligns with the 61.8% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 92.06, a pullback support level. Alternative scenario: If price breaks above the […]

Daily Market Outlook, February 20, 2024 Munnelly’s Market Minute… “Sentiment Shaky As US Comes Back Online” Investor confidence has been unsettled by the Asia session, as U.S. equity futures falter and Treasury yields increase. Although China has made substantial cuts to mortgage rates, the mainland stock markets continue to struggle with no signs of recovery. […]

TitleEURJPY H4 | Bearish drop TypeBearish Drop Preference:The price is trading at pivot at 161.839, the swing-high resistance. Price could reverse from the pivot and fall to the 1st support at 160.166, the overlap support. Alternative scenario:Alternatively, price could break out of the pivot and rise to the 1st resistance at 162.822, the overlap resistance. […]

TitleGBPUSD M15 I Bearish Drop TypeBearish Drop Preference: Price is currently at the pivot point of 1.2612, A reverse from this level could lead the price to fall to 1st support at 1.2555, a multi-swing low support level. Alternative scenario:If price bounces the pivot, it could rise to 1st resistance at 1.2658. above swing high […]