Tag: tickmill

EUR Upside Risks All eyes are on the ECB today and on the back of recent commentary from policy makers, traders are widely expecting further pushback on rate-cut expectations. Several ECB members recently, including president Lagarde, have warned that the bank’s fight against inflation is not yet over, presenting the case to keep rates in […]

TitleEURJPY H4 | Bouncing off Fibo level TypeBullish Bounce Preference:The price is bouncing off the pivot point at 159.999, an overlap support that aligns with 23.6% Fibonacci retracement. From there price might rise to 1st resistance at 161.634, an overlap resistance. Alternative scenario:It might reverse and break the pivot point, from there it could fall […]

TitleEURUSD H1 I Bearish reversal TypeBearish Reversal Preference:Price is rising toward the pivot point of 1.0907 which aligns with the 61.8% Fibo retracement. A reverse from this point could lead the price to fall to 1st support at 1.0851,  an overlap support level. Alternative scenario:If price breaks above the pivot, it could rise to 1st […]

TitleDAX H4 | Bearish breakout TypeBearish Breakout Preference:Price is on a downtrend to the pivot point at 16837.37, the pullback support. Price could break the pivot and fall to 1st support at 16646.16, an overlap resistance that aligns closely with 61.8% Fibonacci Projection level. Alternative scenario: The price might bounce off the pivot point and […]

TitleGBPUSD H1 I Bearish reversal TypeBearish Reversal Preference:Price is rising toward the pivot point of 1.2746 which is a pullback resistance that aligns with 61.8% fibo retracement. A reverse from this point could lead the price to fall to 1st support at 1.2703, an overlap support Alternative scenario:If price breaks above the pivot, it could […]

Daily Trade Setups #FTSE #ASX200 #META & #SP500 To access today’s real-time actionable analysis click here! Source: Tickmill

TitleRising into Overlap Resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 2.08436 which is an overlap 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 2.07203 which is a pullback support that aligns with […]

Daily Market Outlook, January 24, 2024 Munnelly’s Market Minute…“China Restricts Short Selling & PBoC Cut RRR BY 0.5%” Asian markets traded with mixed results, influenced by the performance of Wall St, corporate earnings, and recent statements from the Bank of Japan. The Nikkei 225 was under pressure due to rising Japanese bond yields and a […]

TitleFalling to 38.2% Fibo Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 103.098 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 103.436 which is a pullback resistance level. […]

TitleEURJPY H4 | Bearish breakout TypeBearish Breakout Preference:The current price is on a down trend, once it breaks the pivot point at 160.63, the pullback support aligning with 38.2% Fibonacci retracement level, price might fall to 1st support at 159.424, the overlap support. Alternative scenario:The price could bounce off the pivot point and rise to […]