Tag: tickmill
Daily Market Outlook, January 11, 2024 Munnelly’s Market Minute…“Markets Buoyant Ahead of US CPI Data” Asian stocks followed the upward trend seen in the US despite the absence of significant driving factors, as markets anticipate the release of US CPI data. The Nikkei 225 continued its impressive rally, surpassing 35K for the first time since […]
Aussie CPI Falls Again AUDUSD is testing key support today on the back of a weaker-than-forecast set of Aussie CPI figures overnight. Domestic CPI was seen printing 4.3%, year-over-year, last month, down from 4.9% prior and below the 4.4% the market was looking for. RBA tightening expectations have weakened materially in recent months alongside the […]
The EURUSD’s mid-term uptrend has hit the pause button, chilling in a tight range of 1.09-1.10 for the sixth day straight, hugging the lower edge of the trend channel: Last Friday’s dollar-buying signal, triggered by a robust NFP report that outperformed expectations in job growth, unemployment, and wage increase, got dampened by a pretty weak […]
SEC Decision Due Traders are bracing for plenty of volatility across crypto markets today with the SEC due to decide on the current batch of spot-Bitcoin ETF applications. Yesterday, the market was seen spiking to fresh highs for the year in response to a fake tweet put out claiming the SEC had approved spot-Bitcoin ETFS. […]
TitleSideways Trading TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.66809 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.67442 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level. Alternative scenario:If price […]
TitleFalling to Pullback Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 22.862 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 23.535 which is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level. Alternative […]
Daily Market Outlook, January 10, 2024 Munnelly’s Market Minute…“Nikkei Hits 34 Year Highs” Most stocks in the Asian region saw a decline following the weak performance of Wall St and cautiousness ahead of important inflation data and earnings reports.The Nikkei 225 has reached a level above 34k handle for the first time in more than […]
TitleGBPUSD M5 | Bearish reversal TypeBearish Reversal Preference:Wait for price to pullback at the pivot point at 1.27049 , an overlap resistance, A reverse from this point, could lead the price to fall to 1st support at 1.2671, a multi swing low support level Alternative scenario:If price breaks above the pivot, it might rise to […]
TitlePotential Bearish Breakout TypeBearish Breakout Preference:Price is falling towards the pivot point of 2.03212 which is a pullback support level and could potentially drop lower from here; we could see momentum carry price down to its 1st support at 2.01867 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level. Alternative […]
TitleEURUSD M15 | Bearish reversal TypeBearish Reversal Preference:Price is rising toward the pivot point at 1.0935 , a multi swing high resistance, A reverse from this point, could lead the price to fall to 1st support at 1.0994, a multi swing low support level Alternative scenario: If price breaks above the pivot, it might rise […]