Tag: tickmill
Firmer USD Sends Gold Lower Gold prices are plunging today amidst a fresh uptick in the US Dollar. The metal is now down more than 5% from YTD highs and looks vulnerable to a fresh fall lower should USD continue higher today. Uncertainty around ongoing US debt ceiling negotiations is favouring USD for now via […]
TitleEURGBP H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching the pivot point of 0.87154 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 0.86777. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.87471. To discuss this trading […]
TitleAUDUSD H4 | A bounce off 23.6% TypeBullish Bounce Preference:Price has just bounced off our pivot point off 0.66282 which aligns with a 23.6% Fibonacci retracement. A reverse from here, price could rally to 1st resistance at 0.66704 which is a multi swing high resistance. Alternative scenario:However, if it breaks below, it could fall to […]
TitleETHUSD H4 | Bullish bounce TypeBullish Bounce Preference:Price has bounced off the pivot point of 1792.65 and could continue to climb higher, we could see momentum carry price up to its 1st resistance of 1848.31. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1759.84. To discuss this trading […]
Tech Stocks Boosted by Powell Shares in Tesla are trading higher ahead of the open today. The stock is benefiting from a combination of factors currently. Dovish comments from Fed chairman Powell on Friday have fuelled a sharp repricing of US rates with the market now projecting a lengthy pause through to November at which […]
Daily Market Outlook, May 22, 2023 Asian equities are mostly in the green as US President Biden’s optimistic remarks at the G7 summit in Japan suggested a potential improvement in relations with China in the near future. Speculation arose regarding the lifting of certain sanctions previously imposed. Nevertheless, market sentiment remained constrained due to ongoing […]
TitleUSDCAD H4 | Falling to 1st support TypeBearish Reversal Preference: Price is approaching our pivot point at 1.35298 which is an overlap support level. A reverse from here, price could fall to 1st support at 1.34688 which is a swing low support level. Alternative scenario:However, if price breaks above the pivot, it could rally to […]
Lagarde Leans Into Tightening Mode Following on from the dovish comments heard from Fed’s Powell on Friday, ECH head Christine Lagarde struck a different tone during an interview on Sunday. Lagarde was seen to continue pushing ahead with further tightening. While Lagarde noted that the central bank had “covered a large chunk of the journey […]
Bright Minds Bright Minds is a new podcast hosted by Money Manager and Trading Expert Patrick Munnelly. Through insightful conversations with notable guests, ranging from economic forecasters, to psychologists and experienced traders, we seek to answer the most commonly asked questions around trading and investing. Bright Minds is not just another podcast about trading: it […]
TitleXAUUSD H4 React off 5o% Fibonacci retracement TypeBearish Reversal Preference:Price is rallying to our pivot point at 1986.79 which aligns with a 50% Fibonacci retracement. A reverse from here, price will be fall to 1st support at 1953.87 which is a swing low support level Alternative scenario:however, if price breaks above the pivot, it could […]