Tag: tickmill
TitleUSDCAD, H4 | Potential bullish reversal TypeBullish Bounce Preference:Price is approaching our pivot level of 1.34949 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.36577. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 1.34551. To discuss this trading idea, […]
TitleGBPUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:Price has bounced off from our Pivot at 1.23955 which is a swing high resistance. if price were to reverse it could drop down to 1st support at 1.23464 Alternative scenario:However, if price were to break above the pivot point it could push up to 1st resistance […]
TitleUSDJPY H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is currently at our pivot point at 132.692, which is an overlap support along with a 38.2% Fibonacci retracement. If the price were to reverse, it could drop to 1st support at 131.651 along with a 50% Fibonacci retracement. Alternative scenario:However, if the price breaks above […]
Daily Technical Trade Setups For Nvidia, Microsoft & Russell2000 To access today’s actionable analysis, click here! Source: Tickmill
The wide inflation rate in Germany fell in March to its lowest level since last summer. Details showed that the price index mostly decreased due to energy and raw materials. The key question is, has the deflationary process started? The overall rate decreased in March to 7.4% on an annual basis compared to 8.7% in […]
Daily Market Outlook, March 30, 2023 Nasdaq On The Cusp Of A New Bull Market Month and quarter end flows have seen Asian equity markets trade with a subdued tone, the upbeat finish on Wall Street failed to follow into the Asian session in any meaningful fashion as investors closed out positions, without any data […]
Silver is gradually approaching the resistance at the level of 24.75. The asset might eventually face this resistance, pull back from it, and drop to the level of 22.40. Now, it would be good to follow the candlestick formations, which may forecast the next move of silver. American stock index S&P 500 is heading towards […]
TitleUSDCAD H4 | Potential Bullish Reversal TypeBullish Bounce Preference:Price is currently at our pivot at 1.35667 which is an overlap support along with 50% Fibo retracement. If price were to reverse, it could push up to 1st resistance at 1.36822 which is a swing high resistance along with 50% Fibo retracement. Alternative scenario:On the other […]
The dollar index struggles to bounce back up after dropping to 102.50 level, in line with the earlier idea that the Fed is avoiding clear policy recommendations, while the ECB is showing more readiness to raise rates. This shifts the interest rate differential in the direction that works against the US currency. European indices bounced […]
TitleUS30USD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 32947.54 and potentially reverse from here, we could see momentum carry price down to its 1st support of 32227.7. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 33445.54. To discuss this trading idea, […]