Tag: tickmill
Solid Q1 Earnings Beat HSBC shares are trading firmly higher ahead of the open today after the bank released a bumper set of Q1 earnings. Amidst the return of concerns for the US banking sector on the back of the forced closure of First Republic Bank over the weekend, the results have been welcomed by […]
TitleAUDUSD H4 | Reverse from a key resistance TypeBearish Reversal Preference:Price has just reversed from our pivot point at 0.67172 which is a pullback resistance that lines up with 61.8% Fibonacci retracement. If price were to reverse, it could falling to 1st support at 0.66605 which is a pullback support level Alternative scenario:However, if price […]
TitleXAUUSD H4 | Falling to support TypeBullish Bounce Preference:Price is approaching our pivot point of 1968.282 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 2012.197. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1950.399. To discuss this trading idea, […]
Daily Market Outlook, May 3, 2023 Banking sector concerns once again dominated the headlines on Wall Street as regional banks took the brunt of the selling as the regional bank ETF closed out the day down over six percent. Asian equity investors took their lead from Wall Street’s negativity as they mostly traded in the […]
Aussie Rates At Highest Level Since 2012 The Aussie is soaring today on the back of the RBA unexpectedly announcing a fresh rate hike at its May meeting overnight. The bank hiked rates from 3.6% to 3.85%, marking their highest level since 2012, despite having made the decision at the prior meeting to keep rates […]
Daily Market Outlook, May 2, 2023 Most major money center’s have reopened after May day public holidays, Wall Street traded in a tight range given the lower overall volumes, Asian equity markets are mixed as investors are positioning for a slew of Central bank meetings for the week ahead. Overnight the Reserve Bank of Australia […]
Title USDJPY H4 | React off 1st resistance Type Bearish Reversal Preference: Price is nearing our pivot point at 137.756 which is swing high resistance that lines up with -61.8% Fibonacci expansion. A reverse from here, price could drop to 1st support at 136.793 which is a pullback support level. Alternative scenario: However, If price […]
Last Friday oil bulls took the lead, boosting the oil prices above the level of 80. Oil is likely to rise even more and face resistance at the level of 87 soon. So, let’s observe what will happen. Gold remains at the psychological level of 20000, testing it from different directions. Should gold rebound from […]
Retail Heavily Short AUDCHF AUDCHF is a strong candidate for long opportunities. The pair has rallied firmly off the recent lows, breaking out above key resistance levels. Meanwhile, the retail market has been heavily selling into the move, suggesting there is room for a continuation higher near-term. RBA Hikes Rates AUD has been […]
TitleBTCUSD H4 | Reversal from 78.6% Fibo TypeBearish Reversal Preference:Price is approaching our pivot point of 30217.04 and potentially reverse from here, we could see momentum carry price down to its 1st support of 28728.36. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 31082.56. To discuss this trading […]