Tag: tickmill
TitleEURUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:The price could rise to pivot at 1.10057, the swing-high resistance before pulling back and falling to 1st support level at 1.08772, an overlap support. Alternative scenario: Alternatively, the price could break through the support at the pivot level, 1.10057, and rise to the 1st resistance at […]
TitleEURJPY H4 | Bullish bounce TypeBullish Bounce Preference:The price could bounce off the pivot at 157.695, an overlap support and rise to 1st resistance at 159.1, which is an overlap resistance. Alternative scenario:Price could also break through the pivot at 157.695 and reverse to the 1st support at 156.459, an overlap support level. To discuss […]
Gold Hovering Near Highs Gold prices are hovering just below the 2069.41 level today as we move towards the US session. The recent correction lower found strong support into a test of the 1973.51 level with price bouncing sharply form that support. The weakness in USD currently has been a major supporting factor for gold […]
TitleNZDUSD H4 | Bullish bounce TypeBullish Rise Preference:The price is rising to 1st resistance at 0.63055, which is the 161.8 Fibonacci extension level, from our pivot at 0.62497, an overlap support. Alternative scenario:Price could reverse and break through the pivot at 0.62497 and fall to 1st support at 0.61835, an overlap support. To discuss this […]
The US dollar demonstrated resilience, making gains against most major currencies despite ongoing retreats in Treasury yields. The EUR/USD pair stepped back from its weekly peak at 1.099 as market volatility remains subdued ahead of the winter holidays and a forthcoming US inflation report. Despite Treasury yields continuing to decrease, the 10-year note offers 3.88%, […]
TitleEURGBP H4 | Falling to support line? TypeBearish Reversal Preference:The price is reversing from pivot at 0.86506, the overlap resistance, to the 1st support at 0.8577, a pullback support. Alternative scenario:Price could break through the overlap resistance at 0.86506 and bounce to the 1st resistance at 0.86999, also an overlap resistance. To discuss this trading […]
TitleBullish Momentum TypeBullish Rise Preference:Price is showing a bullish momentum at the pivot point of 1.0929 and could potentially rise higher from here; we could see momentum carry price up to its 1st resistance at 1.10057 which is a multi-swing-high resistance level. Alternative scenario:If price breaks below the pivot point, it could hit the 1st […]
Aussie Rally Continues The Australian Dollar is receiving a fresh boost today on the back of the latest RBA meeting minutes released overnight. The minutes were somewhat more hawkish than many were expecting. The bank noted that it discussed a potential hike at the meeting though ultimately decided that the case for holding policy steady […]
TitleGBPJPY H4 | Potential bearish breakout TypeBearish Drop Preference:Price could breakout of the swing high resistance at 181.554 and reverse to the 1st support at 178.608, the pullback support. Alternative scenario: The price could bounce off the pivot at 181.554 and rise to the 1st resistance at 184.076, the swing high resistance. To discuss this […]
#SP500 #Nasdaq #DowJones Year End Setups To access actionable analysis for the year-end setups for the major US Indices, use the links below! SP500 https://youtu.be/c0DdPL3OEIQ?si=C3MC9gvWCoank2GR Nasdaq https://youtu.be/4q-FRuY9lbc?si=eXWUMHyrBv7z0x_I DowJones https://youtu.be/hwF21dSlWko?si=3ubX22_Qgyxq9scX Source: Tickmill