Tag: tickmill

USD Under Pressure The Dollar Index is on course to end the week at its lowest level since August having shed around 2.4% since Monday’s opening price. The main driver behind the move lower this week was the December FOMC meeting on Wednesday. While the Fed held rates steady as expected, the accompanying outlook and […]

TitleAUDUSD H4 | Potential bullish bounce TypeBullish Bounce Preference:Price is falling to our pivot point at 0.66798, overlap support, and could bounce to our 1st resistance level at 0.6726, and overlap resistance. Alternative scenario: The price could break through the pivot at 0.66798 and fall to the 1st support level at 0.66188, the pullback support.. […]

TitleGBPUSD H4 | Falling to support level? TypeBearish Reversal Preference:Price is moving to our 1st support at 1.26175, the overlap support level from the pivot point at 1.27866, the swing high resistance. Alternative scenario:Price could break through pivot at 1.27866 and rise to 1st resistance at 1.28351, pullback resistance level. To discuss this trading idea, […]

TitleGER 40 H4 | Potential bearish breakout TypeBearish Breakout Preference:Price could break out of the pivot line at 16735.14, an overlap support, and revert to the 1st support level at 16450.45, also an overlap support. Alternative scenario:The price could bounce off the pivot line at 16735.14, and rise to the 1st resistance at 16960.36, the […]

Daily Market Outlook, December 14, 2023 Munnelly’s Market Minute…  Asia – Following the Federal Open Market Committee (FOMC) decision to maintain unchanged rates and introduce a dovish adjustment to its statement guidance, most stocks in the Asia-Pacific region experienced gains. The FOMC’s decision to cut its 2024 median dot by more than anticipated, indicating a […]

TitleEURGBP H4 | Bearish reversal? TypeBearish Drop Preference:Price is right below the pivot point at 0.86218, an overlap resistance, and could reverse to 1st support level at 0.85542, multi-swing low support. Alternative scenario:The price could breakout of the pivot line at 0.86214 and rise to the 1st resistance at 0.86595, an overlap resistance level. To […]

This week has witnessed two consecutive days of pivotal events shaping the global financial landscape. Yesterday, the Federal Reserve signalled a change in course, leaving interest rates unchanged but hinting at future cuts. Today, the spotlight shifts to the Bank of England and the European Central Bank, both expected to hold rates steady but facing […]

TitleXAUUSD H1 | Bearish reversal? TypeBearish Drop Preference:Price is currently at our pivot point of 2031, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 2008, a pullback support level. Alternative scenario:However, if the price breaks above the pivot, it might […]

Gold Correction Continues Gold prices are looking vulnerable this week amidst a bout of fresh USD strength ahead of the FOMC later today. Yesterday’s November CPI reading showed that inflation slowed to 3.1% annually from 3.2%, in line with expectations. While still headed in the right direction, the deflationary momentum we’ve seen across recent months […]

Daily Trade Setups #MSFT #AMZN #DXY To access today’s real-time actionable analysis Microsoft https://youtu.be/pDdBEtjaEXE?si=dYPMyylOFea7N2vZ Amazon https://youtu.be/OFe7PeeOQAM?si=qmMRzsXWogGbP9kP Dollar Index https://youtu.be/MDSBqEWdfTI?si=vvvcm_KoiX_HK–w Source: Tickmill