Tag: tickmill
TitleNZDUSD H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 0.62385 and potentially reverse from here, we could see momentum carry price down to its 1st support of 0.61933. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 0.6276. To discuss this trading idea, […]
Bitcoin Rallying Bitcoin prices have crossed back above $30k this week for the first time since June 2022 as the crypto rebound continues. Dwindling Fed rate-hike expectations as well as fresh demand incentives linked to recent banking sector turmoil have seen the leading crypto asset rallying firmly in recent weeks. Bitcoin futures are now up […]
Employment in the US increased by 236K in March, and unemployment decreased to 3.5%, as shown by the NFP report on Friday. Considering that a fairly strong inflation report is expected this week (forecast 0.4% MoM), the consensus forecast for the Fed’s decision at the upcoming meeting is likely to finally shift towards a 25 […]
TitleXAUUSD H4 | A reverse in a short term TypeBullish Bounce Preference:The price is currently at our pivot point of 1990.325, which aligns with the 50% Fibonacci retracement level. If the price were to break below the pivot point, it could potentially drop down towards the 1st support level at 1976.571, which is a swing […]
TitleGBPUSD H4 | Potential reversal in the short term TypeBullish Bounce Preference:Price is currently at our pivot point of 1.23988, which is an overlap resistance level along with a 50% Fibonacci retracement level. Additionally, the price is currently trading above an ascending trendline support If there is a reversal from this point, the price could […]
TitleDXY H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 102.0399 and potentially reverse from here, we could see momentum carry price down to its 1st support of 100.979. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 102.6983. To discuss this trading idea, […]
TitleETHUSD H4 | Bounce off support TypeBullish Bounce Preference:Price is close to our pivot level of 1848.54 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1943.61. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 1781.83. To discuss this trading […]
Due to Good Friday, the currency markets are seeing some minor changes with low trading volumes and reduced liquidity. The Non-Farm Payrolls report briefly shook up prices, but it mostly met market expectations with job growth at 236K (forecasted 239K) and a 0.3% increase in wages, as anticipated. However, unemployment dropped to 3.5%, and the […]
TitleS&P500 H4 | Potential bounce off from 23.6% TypeBullish Bounce Preference:Price is approaching our pivot level at 4084.34, which is a pullback support level and lines up with the 23.6% Fibonacci retracement level. If there is a reversal from this level, the price could potentially rise towards 1st resistance level at 4142.53. This level is […]
TitleHUSD H4 | Could ETHUSD bounce off the pivot TypeBullish Bounce Preference:Price is approaching our pivot level of 1846.94 and potentially bounce off this level, we could see momentum carry price up to its 1st resistance of 1943.61. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 1751.07. To […]