Tag: tickmill
TitleGBPUSD H4 I Bearish reversal TypeBearish Reversal Preference:Price rises toward the pivot point of 1.2770, a pullback resistance. A reverse from this level could lead the price to fall to 1st support at 1.2698, a pullback support level that close to the 161.8% Fibo extension Alternative scenario: If the price breaks above the pivot, it […]
First Inventories Draw in 7 Weeks Crude prices are starting to build some bullish momentum here. After early weakness on Monday, crude futures have now recovered around 5% off the week’s lows and are fast approaching a fresh test of the YTD highs. Futures pushed firmly higher yesterday in response to the latest data from […]
TitleRising into Swing-high ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 85.085 which is a swing-high resistance that aligns with the 127.2% Fibonacci extension level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 81.892 which is a pullback support that aligns with the 38.2% […]
Daily Market Outlook, March 14, 2024 Munnelly’s Macro Minute… “Markets Await Last Pieces Of The Data Puzzle Ahead Of Next Week’s FOMC Meeting” In response to mixed signals from global markets, Asian stock markets are also experiencing mixed trading on Thursday. Traders are exercising caution and staying on the sidelines as they await key U.S. […]
TitleEURJPY H4 | Potential bullish breakout TypeBullish Bounce Preference:EURJPY is sitting on the pivot point at 161.757, which is the overlap resistance. Price could break above the pivot and rise to the 1st resistance at 163.451, the swing-high resistance. Alternative scenario:It might break below the pivot and fall to the overlap support at 160.263, which […]
Gold Stalls Above Former Highs Gold prices continue to hold above the broken 2149.72-level former all-time highs. Following a breakout move last week, price has since softened as traders digest recent US data. An upside beat on the headline NFP reading for last month along with a hotter-than-forecast inflation reading have caused some near-term uncertainty […]
TitleEURUSD H4 | Bearish Drop TypeBearish Drop Preference:Price has reacted the pivot point of 1.0943, A drop from this level could lead the price to fall to 1st support at 1.0902. an overlap support level Alternative scenario: If the price bounces the pivot, it could rise to 1st resistance at 1.0987, above swing high resistance […]
TitleFalling to 50% Fibonacci Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.34729 which is a pullback support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35451 which is a pullback resistance level. Alternative […]
Fresh Highs in BTC Bitcoin is once again trading at fresh, record highs today after the leading crypto currency recovered from a 6% correction lower yesterday. Volatility around the latest US inflation report saw BTC futures briefly dipping lower to retest the broken prior highs around 69355. However, the level held as support and despite […]
USD Rallies on Hotter Inflation The US Dollar is seeing better demand today on the back of yesterday’s February inflation report. Annualised CPI was seen rising to 3.2% from 3.1% prior with month over month readings moving to 0.4% from 0.3% on headline and remaining at 0.4% on core. With inflation proving sticky around current […]
