Tag: tickmill
TitleResistance at 38.2% Fibo TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.67278 which is a pullback 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 0.66557 which is a pullback support level. Alternative scenario: […]
TitleGBPUSD M15 | Bullish bounce TypeBullish Bounce Preference:Price is falling toward the pivot point of 1.2750, a pullback support that aligns with the 38.2% Fibo retracement. A bounce from this level could lead price to rise to 1st resistance at 1.2782, a multi swing high resistance. Alternative scenario:If price breaks below the pivot, it might […]
Futures Weekly Action Areas #ES #NQ #YM To access the weekly action areas for the trading week ahead in the emini futures markets click here You can use the levels referenced in the video for the cash market US500 USTECH & US30 by simply calculating the spread between the futures and the cash levels and […]
Daily Market Outlook, January 15, 2024 Munnelly’s Market Minute…“Nikkei Tests Levels Not Seen Since 1990” Asian stocks traded within a narrow range due to the absence of significant catalysts over the weekend. Global markets were expected to have a subdued session on Monday as a result of the extended weekend in the US. The Nikkei […]
CAD CPI in Focus USDCAD is moving higher today ahead of tomorrow’s Canadian CPI release. The market is expecting CAD CPI to have slipped further last month. M/M CPI is pegged at -0.3%, down from the prior month’s -0.1% while annually, median CPI, is forecast to hold steady at 3.4%. However, given the M/M expectations, […]
TitleEURUSD H4 | Bearish Reversal TypeBearish Reversal Preference:Price is rising toward to the pivot point of 1.1030 which is a pullback resistance that aligns with the 61.8% Fibo retracememt. A reverse from this point could lead the price to fall to 1st support at 1.0930, a multi swing low support level. Alternative scenario:If price breaks […]
Middle Tensions Supporting Gold Gold prices remain in the green across early European trading on Monday, extending gains from Friday. Risk sentiment remains subdued amidst ongoing global geopolitical unrest. News of a US warship shooting down an attempted missile strike from Houthi rebels has prompted fears of fresh US/UK strikes in Yemen, further raising risks […]
Middle East Tensions Drive Oil Oil prices are surging higher on Friday as worrying developments in the Middle East point to heightened supply disruptions. Iran reportedly seized an oil tanker in the Gulf of Oman yesterday carrying around 145 tonnes of crude. While the attack was not linked to Houthi rebels, uncertainty in the area […]
Gold Shrugs Off US CPI Strength Gold prices are rising on Friday despite yesterday’s stronger-than-forecast US CPI print. Inflation was seen rising again in the US last month with headline CPI printing 3.4% annually, up from 3.1% prior and above the 3.2% the market was looking for. Interestingly, however, rate cut expectations for March were […]
Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session use the links below, please like & share! Emini SP500 https://www.youtube.com/watch?v=Kq99KUvMCtU Emini Nasdaq https://youtu.be/JdEqiSRYhHA?si=dvNgFtg5zK0qQIyR Emini DowJones https://www.youtube.com/watch?v=thYb27uB7ws Source: Tickmill