Tag: tickmill
Gold continued its triumphant streak for the third consecutive day on Monday. From a technical analysis perspective, buyers have not yet reached any specific target, but overall, they are approaching it. For instance, within the current bearish corridor, the area around $2040 appears to be an attractive target, where the upper bound of the channel […]
Fresh Shipping Crude prices are sitting just below Friday’s highs as we start the new week. Indeed, we’re seeing some light selling across the European morning on Monday, despite news of fresh attacks on shipping routes in the Middle East. The UKMTO noted that it received reports overnight of a UK registered ship being hit […]
Daily Market Outlook, February 19, 2024 Munnelly’s Market Minute… “Quiet Start, With US Offline For Presidents Day” China’s markets did not show the anticipated enthusiasm after the break, with only modest gains in stocks so far. During the Lunar New Year holiday, tourism revenues surged by 47% compared to the previous year, with over 61 […]
TitleEURGBP Day | Bullish breakout TypeBullish Breakout Preference:The price could breakout of pivot at 0.85528, the overlap resistance, and rise to the 1st resistance at 0.86106, also an overlap resistance and it aligns with the 50% Fibonacci retracement. Alternative scenario:Price might reverse and fall to the 1st support at 0.85036, the multi-swing low support. To […]
TitleEURUSD M15 I Bearish reversal TypeBearish Drop Preference:Price is currently at the pivot point of 1.0777, A reverse from this level could lead the price to fall to 1st support at 1.0733, an overlap support level. Alternative scenario: If price bounces the pivot, it could rise to 1st resistance at 1.0810. above the swing high […]
Ethereum is following Bitcoin. Currently, the price of this asset is heading up. It broke a very important resistance level of 2716.50. The asset’s price might potentially hit the level of 3000. Of course, it might also drop, dive under the broken resistance, undergo correction, and approach the level of 2135. However, it looks like […]
TitleEURJPY Day | Bearish reversal TypeBearish Reversal Preference:The price could reverse from pivot at 161.804, the overlap resistance. It could fall to the 1st support at 157.99, the overlap support. Alternative scenario:It might breakout of pivot and rise to the 1st resistance at 164.207, the swing-high resistance. To discuss this trading idea, head over to […]
TitleUS30 H4 | Potential bullish bounce TypeBullish Bounce Preference:The current price could reverse to the pivot at 38300.72, the overlap support that aligns with the 38.2% Fibonacci retracement. Price could bounce off the pivot and rise to the 1st resistance at 38884.06, the swing-high resistance. Alternative scenario: The price might continue to trend down and […]
Daily Market Outlook, February 16, 2024 Munnelly’s Market Minute… “Nikkei Heading For All Time Highs WIth Japan In Recession” The Nikkei reached a 34-year high, just shy of its all-time high of 38,957.44 points set on Dec. 29, 1989. The stock market in Asia has surged by 15% this year, following a 28% rally in […]
Gold Bounces on Weak USD The move lower in USD over the last 24 hours has helped gold prices bounce somewhat. Gold futures were seen falling to fresh lows on the year this week as hotter-than-forecast US inflation drives the Dollar higher. However, with yesterday’s retail sales seen plunging into negative territory last month, the […]