Tag: tickmill
USDCHF H4 | Dropping to support TypeBullish Bounce Preference:Price is approaching our pivot level of 0.90042 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 0.91013. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 0.89531. To discuss this trading idea, […]
US CPI In Focus Today might well prove to be a pivotal day for the US Dollar with both the March CPI release and March FOMC minutes due. Inflation has been the catalyst behind the market’s shifting view on the Fed. With inflation having cooled sharply from last year’s highs, so too has the market’s […]
TitleXAUUSD H1 | Short term bearish reversal TypeBearish Reversal Preference:Price has just bounced off our pivot at 2001.844, which is an overlap resistance level along with a 38.2% Fibonacci retracement. If there is a reversal from this point, price could potentially drop down to1st support level at 1988.226, which is an overlap support level Alternative […]
Tide Turns For USD Following a strong start to the week yesterday, the US Dollar is seen surrendering gains on Tuesday as traders begin looking beyond Friday’s Jobs data towards the US CPI release due tomorrow. An upside beat on the headline NFP reading as well as an improvement in the unemployment rate saw USD […]
The FTSE Finish Line – April 11 – 2023 FTSE 100 Trading Around The Flatline Supported By Miners The FTSE 100 is trading with meagre gains as traders return from the holiday extended weekend, after opening lower support came by way of a boost from industrial miners as Cooper prices extended its advance, this was […]
GBP Rallying The British Pound has emerged as one of the strongest performing currencies on Tuesday as traders return following the long Easter weekend. The recent surprise upside in UK inflation has renewed the market’s hawkish BOE expectations, lifting the likelihood of continued tightening from the BOE in coming months. With BOE expectations now sitting […]
Daily Market Outlook, April 11, 2023 Markets Return From Holidays With A Relatively Upbeat Start, Bitcoin Above 30k Asian equities traded with an upbeat tone to start the holiday shortened trading week, with most major money centres coming back online overnight, the uptick in risk sentiment was supported by a late upturn on Wall Street. […]
TitleAUDUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching our pivot level of 0.66942 and potentially reverse from here, we could see momentum carry price down to its 1st support of 0.66579. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 0.67298. To discuss this trading idea, head […]
TitleGBPUSD H4 | Bounce off from resistance TypeBearish Breakout Preference: The price is currently at our pivot level at 1.24158, which is an overlap resistance level and line up with a 38.2% Fibonacci retracement. If there is a reversal from this level, the price could potentially drop to 1st support level at 1.23515, which is […]
Equities Head Higher As Traders Return From Easter Break Global equities benchmarks are starting the day with an air of cautious optimism, seeing most indices tracked here trading in the green across the European open on Tuesday. Traders returning from the long Easter weekend are seemingly buoyed, rather than concerned by last week’s better-than-forecast US […]