Tag: tickmill
TitleEURJPY H4 | Breaking the support level? TypeBearish breakout Preference:EURJPY could continue with the downtrend and break the pivot at 156.201, the pullback support, the price could then fall to the 1st support level at 153.874, the multi-swing-low support. Alternative scenario:The price could rise to the 1st resistance at 158.509, the swing-high resistance. To discuss […]
TitleEURGBP H4 | Falling to support level TypeBearish Reversal Preference:EURGBP is pulling back from the pivot at 0.86844, the swing-high resistance and the price could reverse to the 1st support at 0.86469, the overlap support. Alternative scenario:The price could reverse from the current price and break out of the pivot at 0.86844 and rise to […]
TitleGBPUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:GBPUSD could reverse from the pivot at 1.2744, the pullback resistance and the price could fall to the 1st support, the overlap support at 1.26154, which aligns with the 61.8% Fibonacci retracement level. Alternative scenario:The price could breakout of the pullback resistance at 1.2744 and rise to […]
TitleEURUSD H4 | Rising to Fibo level? TypeBullish Bounce Preference:The price could bounce off the pivot at 1.10293, the overlap support and rise to the 1st resistance at 1.10947, which is the 127.2% Fibonacci extension level. Alternative scenario: EURUSD could pullback from the overlap support at 1.10293, and the price could fall to the 1st […]
TitleNZDJPY H4 | Potential bearish reversal TypeBearish Breakout Preference:NZDJPY could continue the downtrend and break the pivot at 90.098, the overlap support, and reverse to the 1st support at 89.261, the multi-swing-low support, that aligns with the 61.8% Fibonacci projection level. Alternative scenario:The price could rise to the 1st resistance at 90.395, the overlap resistance. […]
TitleGBPUSD H4 | Bullish bounce TypeBullish Bounce Preference:GBPUSD is bouncing off the pivot at 1.26957, the overlap support and is rising to 1st resistance at 1.27449, swing-high resistance. Alternative scenario:Price could breakout of pivot at 1.26957 and fall to 1st support at 1.26481, an overlap support. To discuss this trading idea, head over to Tickmill […]
TitleAUDUSD H4 | Potential bullish breakout TypeBullish Breakout Preference:AUDUSD could breakout of the pivot at 0.68152, the pullback resistance, and the price could rise to the 1st resistance at 0.68927, a multi-swing-high resistance. Alternative scenario: Price could reverse to the 1st support at 0.67282, a pullback support. To discuss this trading idea, head over to […]
TitleUSDCAD H4 | Bearish breakout TypeBearish Reversal Preference:USDCAD could continue with the downward momentum and breakout of the pivot at 1.3263, an overlap support, and price reversing to the 1st support at 1.30984, the overlap support. Alternative scenario:Price could bounce off the pivot at 1.3263, and rise to the 1st resistance level at 1.3363. the […]
TitleNZDUSD H4 | Bouncing off support line TypeBullish Bounce Preference:Price has bounced off the pivot at 0.62747, an overlap support, and is rising towards the 1st resistance, the swing-high resistance. Alternative scenario:NZDUSD could pull back from the pivot at 0.62747, and the price could fall to the 1st support at 0.62392, the overlap support level. […]
The US dollar found itself on the back foot Thursday after a mixed bag of economic releases, including a downward revision to the third-quarter GDP growth estimate from 5.2% to 4.9%. The GDP Price Index also saw a downward adjustment, from 3.5% to 3.3%, indicating a smaller inflationary impact on growth than initially anticipated. While […]