Tag: tickmill
TitleGBPUSD H1 | Bearish reversal TypeBearish Reversal Preference:Price is rising toward the pivot point of 1.2580 which aligns with the 61.8% Fibo retracement, A reverse from this level could lead the price to fall to 1st support at 1.2520, a swing low support level Alternative scenario:If price breaks above the pivot, it could rise to […]
TitleGBPJPY H4 | Potential bullish bounce TypeBullish Bounce Preference:The price could reverse to the pivot point at 188.246, the overlap support that alings with 38.2% Fibonacci retracement. It could bounce off the pivot and rise to the 1st resistance at 190.068, the swing-high resistance. Alternative scenario:Price could break out of the pivot and fall to […]
TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price is rising towards the pivot point of 17,041.06 which is a pullback resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 16,822.55 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Alternative scenario: […]
Core CPI Rises The US Dollar is pushing higher midweek on the back of yesterday’s US inflation figures. Annualised headline CPI was seen at 3.1% last month, lower than the 3.4% seen a month prior but above the 2.9% the market was looking for. Month on month, headline CPI was unchanged at 0.3%. However, core […]
TitlePotential Pullback before Resuming the Uptrend TypeBullish Bounce Preference:Price could fall towards the pivot point of 1.35412 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.36207 which is a pullback resistance that aligns […]
Gold Under Pressure The rally in the US Dollar on the back of yesterday’s inflation report has caused widespread impact across markets. Gold prices have come under heavy selling pressure with futures seen breaking down to fresh lows for the year. Given the pushback we’ve heard from the Fed, this latest hot inflation reading is […]
CPI Holds Steady The FTSE is seeing strong demand today after the latest UK inflation figures released this morning were cheered by investors. Annualised headline CPI was seen holding steady at 4% last month, a touch softer than the expected 4.1%. Similarly, core inflation was seen holding steady at 5.1%, despite expectations for a lift […]
TitleUS30 H4 | Bearish breakout TypeBearish Breakout Preference:The price could fall to the pivot at 38120.6, the overlap support, from there it might reverse to the 1st support at 37769.8, the overlap support that aligns with 61.8% Fibonacci retracement. Alternative scenario:It might reverse to pivot and bounce off the pivot. The price could rise to […]
TitleEURJPY H4 | Potential bullish bounce TypeBullish Bounce Preference:The price could reverse to pivot at 160.242, the pullback support, from there price could bounce off pivot and rise to 1st resistance at 161.761, the swing-high resistance. Alternative scenario:Price could potentially break out of the pivot and fall to 1st support at 158.963, the swing-low support. […]
TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.64815 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64155 which is an overlap support level. Alternative scenario: If […]