Tag: tickmill
Oil Traders Increase Longs Again The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week from 181k to 226k. This marks the second consecutive weekly increase in bullish crude bets which have now risen more than 50% off the March lows. The uptick in bullish positioning has […]
TitleETHUSD H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 1944.26 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1848.75. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1990.63. To discuss this trading idea, […]
TitleDE30 H4 | Bearish Divergence TypeBearish Reversal Preference:Price is approaching our pivot at 15766.97, which is a swing high resistance level. If there is a reversal from this level, the price could drop to our 1st support at 15536.3, which is a swing low support level. Alternative scenario:If the price were to break above a […]
Silver On the Move Silver prices are on the move again today following yesterday’s breakout. The metal has been a firm favourite over recent weeks, with silver futures now up around 28% from the YTD lows. The rally has seen price breaking out above the former YTD highs to print fresh highs on the year […]
TitleUSDCAD H4 | Bullish momentum TypeBullish Breakout Preference:Price has stalled around the 61.8% Fibonacci retracement and is approaching our pivot level of 1.3462, we could see momentum carry price up to its 1st resistance of 1.3554. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 1.34038. To discuss this […]
TitleUSDJPY H4 | Potential reversal from 50% Fibo TypeBearish Reversal Preference:Price has just reversed from our pivot pint at 133.819 which is an overlap resistance along with a 50% Fibonacci retracement. A reverse from here it could drop to 1st support at 132.046 which is a swing low support level Alternative scenario:However, if it breaks […]
Daily Market Outlook, April 12, 2023 Markets Marking Time Ahead of CPI & FOMC Minutes Combo Asian equities produced another subdued session taking their lead from lacklustre trading on Wall Street as investors pare risk exposure ahead of today’s double whammy of US inflation data followed by the minutes from the FOMC meeting. The Nikkei […]
More Pessimism From IMF The latest update from the International Monetary Fund yesterday makes for fairly bleak reading. The group was seen cautioning over the downside risks to global growth this year as a result of a combination of factors. Global GDP is now forecast to rise just 2.8% this year, following the latest downward […]
Retail Heavily Short The retail market is holding a large short position in EURAUD, currently sitting around the 85% level. However, EUR has emerged as one of the strongest performers today suggesting plenty of potential for the pair to continue trading higher, extending the bull trend which has described price action over recent weeks. The […]
TitleEURUSD H4 | Potential reversal from 1st resistance TypeBearish Reversal Preference: Price is currently at our pivot of 1.09266 which is an overlap resistance along with 61.8% Fibonacci retracement. A reverse from here price could drop to 1st support at 1.08756 Alternative scenario:On the other hand, if break above this level could potentially propel the […]