Tag: tickmill
AI in Focus As US earnings season continues, the big focus today will be on tech titans Microsoft and Alphabet. Along with the focus on headline earnings and revenues traders will be particularly keen to receive the latest details about both company’s AI businesses. ChatGPT and Bard are at the forefront of the commercialisation of […]
TitleGBPUSD H4 | Bounce from support TypeBullish Bounce Preference: Price is approaching our pivot point of 1.23963 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.25468. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.23374. To discuss this trading […]
ECB Hawks Out In Force The Euro is seeing a renewed wave of buying this week in response to further hawkish ECB comments made yesterday. Several members of the ECB were seen commenting in support of continued tightening in order to bring inflation back down to target. ECB’s Schnabel said that it was too early […]
TitleUSDJPY H1 | Falling to 1st support TypeBullish Bounce Preference: Price is falling to our pivot at 133.6375 which is swing low support level that lines up with 50% Fibonacci retracement. A bounce off from here price could rally to 1st resistance at 134.469 which is swing high resistance level that lines up with 61.8% […]
TitleXAUUSD H1 | Potential bounce off TypeBullish Bounce Preference:The price is approaching our pivot point at 1969.863, which is a multi-swing low support level that aligns with the 78.6% Fibonacci retracement. If there is a bounce off the pivot, it could rally to 1st resistance level at 1997.487, which is a swing high resistance level […]
TitleUSDCAD H4 | Potential bounce from support TypeBullish Bounce Preference:Price is approaching our pivot point of 1.35166 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.36455. . Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.34205. To discuss this […]
Metals Under Pressure on Monday The metals market is kicking off the new week in much the same vein as it finished on Friday. Both gold and silver are under pressure across early European trading on Monday as focus remains on fresh Fed tightening expectations ahead of the upcoming May FOMC. The return of hawkish […]
TitleUS30USD H4 | Bounce from 61.8% Fibo TypeBullish Bounce Preference:Price is approaching our pivot point of 33644.74 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 34112.12. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 33329.16. To discuss this trading […]
TitleUSDCAD H4 | Potential reverse from 50% Fibo TypeBearish Reversal Preference:Price is nearing our pivot at 1.35579 which is an overlap resistance level that lines up with 50% Fibonacci retracement. A reverse from here price could falling to 1st support at 1.33265 which is swing low support level. Alternative scenario:However, if it breaks above it […]
Daily Market Outlook, April 21, 2023 A mixed bag of earnings Stateside left investors somewhat subdued coupled with soft US data and another round of hawkish Fed rhetoric there was little to inspire risk appetite, Asian equity markets followed suit with most regional bourses trading in the red, the Shanghai Comp is the stand out […]