Tag: tickmill

TitleEURUSD H1 | Bearish reversal TypeBullish Breakout Preference:Price is rising toward the pivot point of 1.0790, a pullback resistance that aligns with the 38.2. A reverse from this level could lead the price to fall to 1st support at 1.2724, a swing low support level Alternative scenario:If the price breaks above the pivot, it could […]

TitleGBPJPY H4 | Potential bullish breakout TypeBullish Breakout Preference: The price could continue to rise and break out of pivot at 187.493, the overlap resistance.  From there it could rise to the 1st resistance at 188.317, the multi-swing high resistance that aligns with the 127.2% Fibonacci retracement. Alternative scenario:It might potentially reverse to the 1st […]

Dollar Correction The US Dollar has softened into the middle of the week following a breakout move in the DXY which saw the index trading up to its highest levels since November earlier this week. Speaking yesterday, Fed’s Mester signalled that the Fed will likely feel comfortable to begin cutting rates later this year if […]

Daily Market Outlook, February 7, 2024 Munnelly’s Market Minute…“FedSpeakers On Deck, With A Scant Data Docket” Asian stocks were mostly positive due to a decline in global yields and further Chinese support efforts. Nikkei 225 was indecisive due to a slew of earnings and with the BoJ reportedly on track for a policy shift by […]

TitleUS30 H4 | Rising to Fibo level TypeBullish Breakout Preference:The price is rising to the pivot at 38622.79, the swing-high resistance. It could potentially break out of the pivot and rise to 1st resistance at 38944.28, the 127% Fibonacci extension level. Alternative scenario:Price might reverse and fall to the 1st support at 38121.57, the overlap […]

TitleEURJPY H4 | Potential bearish breakout TypeBearish Breakout Preference:EURJPY could reverse and break out of pivot at 158.468, the swing-low support. From there it might drop further to the 1st support at 157.254, the swing-low support that aligns with the 38.2% Fibonacci retracement. Alternative scenario:The price could rise and break out of the 1st resistance […]

BTC Remains in Range Bitcoin remains firmly range-bound as we cross through the middle of the week. Following a rebound off the post-SEC lows, the leading crypto asset has failed to gain further bullish momentum and now sits in a congested block mid-way between 40345 – 45520. The price action reflects a market which is […]

TitlePotential Resistance at 61.8% Fibonacci Retracement TypeBearish Reversal Preference:Price could rise towards the pivot point of 0.65586 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64671 which is a pullback support level. Alternative […]

FTSE Stuck in Range The FTSE remains within a tight block of consolidation this week as the recent range persists for now. The index attempted a breakout higher earlier today but met selling resistance into last week’s highs. Dovish comments from BOE chief economist Pill yesterday are certainly seen as favourable for the index though […]

The economic tale of two continents persisted through the final quarter of 2023, with the United States outpacing the euro area yet again. According to recent data, the US economy expanded by 0.8% quarter-on-quarter, while economic activity stagnated in the euro area. This divergence brings the 2023 GDP growth rate to 2.5% in the US […]