Tag: tickmill

TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price has just reversed off the pivot point of 184.063 which is a multi-swing-high resistance  level and could potentially drop lower from here; we could see momentum carry price down to its 1st support at 181.902 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. […]

TitleGBPUSD H4 | Potential bullish breakout TypeBullish Breakout Preference:GBPUSD could rise and break out of the pivot at 1.27616, the pullback resistance, the price could continue to rise to the 1st resistance at 1.28273, the swing-high resistance level. Alternative scenario:The price could pullback from the pivot at 1.27616, and reverse to the 1st support at […]

Dovish ECB View EURJPY remains under pressure today with the market back below the 158.50 level after a failed attempted breakout last week. The pair has been capped by the level since early December as traders continue to grapple with shifting ECB/BOJ views. Expectations that the ECB might cut rates as early as April have […]

Bitcoin Rally Continues Bitcoin prices broke out to their highest levels yesterday since early 2022. The driver behind the move is ongoing optimism ahead of the upcoming SEC deadline tomorrow. The SEC is due to decide on a batch of spot-Bitcoin ETF applications which, if approved, will grant mainstream financial institutions access to the crypto […]

Copper Fall Deepens Copper prices are coming under fresh selling pressure on Tuesday as the correction lower continues. The futures market is now down around 5% from last year’s highs as geopolitical concerns, economic worries in China and a stronger US Dollar take their toll.  Often seen as a barometer for global economic health, the […]

TitleUSDCHF H4 | Bullish bounce TypeBullish Bounce Preference:The price could pull back to the pivot at 0.84541, the overlap support before bouncing off and rising to the 1st resistance level at 0.85777, the pullback resistance. Alternative scenario: USDCHF could break out of the pivot point at 0.84541, and fall to the 1st support level at […]

TitleUSDJPY H4 | Bearish reversal TypeBearish Reversal Preference:USDJPY could rise to the pivot at 144.563, the pullback resistance before reversing off to the 1st support at 141.845, the overlap support. Alternative scenario:The price could rise and break the pivot point at 144.563, and rise to the 1st resistance level at 146.48, the overlap resistance. To […]

Daily Market Outlook, January 9, 2024 Munnelly’s Market Minute…“Snapback In Risk Sentiment” Stocks in Asia traded higher, taking cues from the positive performance of Wall Street. The tech sector stood out, driven by a growing appetite for risk in a low-yield environment and a decline in oil prices. Fedspeak contributed to positive sentiment as Governor […]

TitleEURGBP H4 | Bouncing off Fibo level TypeBullish Bounce Preference:EURGBP is bouncing off the pivot point at 0.85884, the pullback support that aligns with the 78.6% Fibonacci level. The price could continue to rise to 1st resistance at 0.8647, the overlap resistance level. Alternative scenario:The price could pull back and break through the pivot point […]

The job report and Services PMI in the US gave the market a bit of a rollercoaster ride last Friday. The dollar flexed its muscles after the employment statistics revealed the US added 216K jobs in December, beating the expected 170K. However, the November job figure got a downgrade to 173K. Unemployment held steady at […]