Tag: tickmill

So, the US inflation report for December didn’t exactly set the market on fire. It caused a brief dollar rally, with the US dollar index going up from 102.20 to 102.70, but it lost all its gains later on. Even the two-year rate took a dip, from 4.34% before the report to 4.26% on Friday: […]

TitleResistance Overhead TypeBearish Reversal Preference: Price could rise towards the pivot point of 0.67292 which is a pullback resistance level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.66556 which is a pullback support level. Alternative scenario: If price breaks above the pivot point, it could […]

TitleEURJPY M15 I Bullish Bounce TypeBullish Rise Preference:Price has just bounced off the pivot point of 159.177, which is an overlap support level, A bounce from this point could lead the price to rise to 1st resistance at 160.05 , a swing high high resistance Alternative scenario:If price break below the pivot, it might fall […]

Daily Market Outlook, January 12, 2024 Munnelly’s Market Minute…“US PPI & Bank Earnings On Deck” Asian stocks exhibited mixed results, with major indices largely remaining range bound. The geopolitical landscape contributed to market sentiment, particularly following joint strikes by the US and UK on Houthi targets. Additionally, investors were digesting Chinese inflation and trade data, […]

TitleEURUSD M15 I Falling to support level TypeBearish Drop Preference:Price is currently at the pivot point of 1.0974, A reverse from this point could lead the price to fall to 1st support level at 1.0941 which is a multi swing low support level Alternative scenario:If price breaks above the pivot, it might rise to 1st […]

TitlePotential Bearish Breakout TypeBearish Breakout Preference:Price is falling towards the pivot point of 0.8589 which is a pullback support level and could potentially break under from here; we could see momentum carry price down to its 1st support at 0.85623 which is a pullback support level. Alternative scenario:If price breaks above the pivot point, it […]

ETH Breaks Out Yesterday’s historic announcement that the SEC has approved 11 spot-Bitcoin ETFs for public trading has fuelled a wave of excitement across crypto markets. While Bitcoin is seeing a relatively muted response so far, ETH has been the standout winner. The market soared yesterday on the news trading back up to its highest […]

Silver rebounded from the downtrend. The asset’s price is now heading south. Currently, the price of silver is forming a flag. Should the silver break this flag, it might eventually test the supporting zone formed between levels 22.00 and 22.30 and located next to the weekly uptrend. Silver is likely to rebound from the crossing […]

TitleEURUSD M15 | Bearish reversal? TypeBearish Drop Preference:Price has just reacted off our pivot point of 1.0977, which serves as  a multi swing high resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.0938, an overlap support level. Alternative scenario:If the price breaks above the pivot, […]

The currency market and the US bond market are in a bit of a pickle, with prices moving in tight ranges or resembling fading oscillations. It seems like all the hot info that came out recently is already baked into the prices: Hopes for figuring out the next trend are pinned on today’s US inflation […]