Tag: tickmill
The dollar index has risen to its highest level since the end of March, the rally yesterday was accompanied by a pickup in US equity market and bond rout (a signal that the Fed may be again behind the curve). Major US stock indices closed in positive territory, US futures extend the rise today, with […]
Gold has repeatedly approached the supporting level of 1980. This might signify the upcoming potential breakout of this level. The price drop might lead to the formation of a reversal pattern such as a double top with the neckline at the level of 1980. So, let’s wait and see what is next. Bitcoin might still […]
TitleGBPUSD H4 | A bounce off support level TypeBullish Bounce Preference:Price is approaching our pivot point at 1.24237 which is a multi swing low support level. A bounce from here, price could rally to 1st resistance at 1.25057 which is a swing high resistance level. Alternative scenario:However, if price breaks below, it could fall to […]
TitleDXY H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching the pivot point of 102.6924 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 101.8855. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 103.1158. To discuss this trading […]
TitleEURUSD H4 | Finding support at recent swing-low TypeBullish Bounce Preference:Price is approaching the pivot point of 1.08235 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.08985. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.07911. To discuss […]
Is ETH About to Move Higher? Crypto watchers, ETH traders in particular, are getting excited today over news that a major ETH whale has become active in the market again. According to data from industry site lookonchain, a major ETH investor who was part of the ETH genesis ICO has made their first transaction in […]
TitleUSDJPY H4 | React off 1st resistance TypeBearish Reversal Preference: Price has just reacted off our pivot of 137.763 which is a multi-swing high resistance. A reverse from here, price could fall to 1st support at 136.265 which is an overlap support that aligns with a 38.2% Fibonacci retracement. Alternative scenario:However, if price breaks above […]
Oil Traders Increase Longs… Slightly The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions in oil last week. Total upside exposure was raised to 217k contracts from 215k contracts prior. The muted change has been reflected in the choppy price action we’ve seen recently in crude futures. While […]
Daily Market Outlook, May 18, 2023 Asian equity markets posted gains overnight as the region followed the positive momentum from Wall Street. The rally in stocks was driven by optimism surrounding regional banks and progress in debt ceiling talks.The Nikkei 225 surged by 1.5% at the open, supported by reports of potential subsidies for Japanese […]
Daily Technical Trade Setups For Apple, NZDJPY & CADCHF To access today’s actionable analysis, click here! Source: Tickmill