Tag: tickmill
GBP Rallying on Better PMIs The British Pound is seeing firm demand across the European morning on Wednesday. GBPUSD is up around 0.72% on the day and close to testing current 2024 highs following some better UK data this morning. The latest round of UK PMIs came out better than forecast for last month with […]
JPY Rallying Post-BOJ On the back of the latest BOJ meeting overnight, the Japanese Yen is strengthening a little across early European trading on Tuesday. The BOJ held its headline policy unchanged, with rates remaining in negative territory, as expected. However, there were some hints in the outlook with regard to inflation that appear to […]
BTC Rout Continues The Bitcoin sell-off continues to deepen this week with BTC futures now down more than 20% from the YTD highs. Selling since the SEC approved a slew of spot-Bitcoin ETFs earlier in the month has largely been attributed to fund outflows from holders who bought in long before approval was granted. In […]
Daily Trade Setups #DXY #USDCHF #USDCAD & #BTCUSD To access today’s real-time actionable analysis click here! Source: Tickmill
Copper Rallies on Tuesday Copper prices are rising today as traders digest news that China is considering a huge new stimulus package aimed at reviving falling stock markets. Reports overnight point to plans to mobilise around $300 billion in funds held in offshore accounts by state owned businesses. The capital will be used to invest […]
The price of Apple stocks tested the maximum point at the level of 198.35, rebounded, and dropped. Currently, the asset’s price is trying to rise. The asset is targeting the resistance zone formed between levels 198.35 and 199.62. The price of this asset might potentially retest the previously reached level, rebound above the resistance, and […]
TitlePotential Bullish Breakout TypeBullish Breakout Preference:Price could rise towards the pivot point of 0.61309 which is a pullback resistance level and potentially break above this level; we could see momentum carry price up to its 1st resistance at 0.61848 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Alternative scenario: […]
TitleGBPJPY H4 | Rising to Fibo level TypeBullish Bounce Preference:The price is on the pivot point at 188.538, the swing-high resistance, if it breaks the pivot point price might continue to rise to 1st resistance level at 190.154, which aligns with the 61.8% Fibonacci projection level. Alternative scenario: The price could reverse from the pivot […]
TitleFalling to Pullback Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.34232 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35274 which is a pullback resistance level. Alternative scenario:If price breaks below the pivot point, it […]
TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.61315 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.60166 which is a pullback support level. Alternative scenario:If price […]