Tag: tickmill

Record Breaking Deal Crude oil prices remain under pressure through the middle of the week amidst news of the COP 28 climate deal. The almost 200 nations represented at the  COP28 summit agreed on a record deal to transition away from fossil fuels in a bid to help tackle the increasingly worrying effects of climate […]

The foreign exchange market is churning today, with several key currencies experiencing volatility as investors digest the latest economic data and anticipate upcoming central bank decisions. Gold, the safe-haven asset, is feeling the heat after the release of US inflation figures, which reinforced expectations that the Federal Reserve won’t rush with the much anticipated dovish […]

TitleBCOUSD D1 | Falling to pullback support TypeBullish Bounce Preference:Price is falling towards the pivot point of 71.655 which is a pullback support and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 77.899 which is a pullback resistance level. Alternative scenario:If price breaks below the pivot […]

TitleUSDJPY H4 | Breaking support level? TypeBearish Reversal Preference:Price is breaking through the support at 145.315, an overlap support, and is heading to our 1st support at 144.582, a pullback support Alternative scenario:Price could bounce off the 1st support at 144.582 and rise to our resistance level at 146.563 an overlap resistance. To discuss this […]

TitleGBPJPY H4 | Potential bearish reversal? TypeBearish Reversal Preference:Price is falling from our pivot point at 182.898, a pullback resistance, and is moving to our 1st support at 180.492, multi-swing low support. Alternative scenario: Price could break the pivot point at 182.898 and rise to our 1st resistance level at 184.031, a pullback resistance. To […]

Daily Market Outlook, December 13, 2023 Munnelly’s Market Minute…  Asia – Asia-Pacific stocks traded mixed as investors were cautious ahead of the FOMC announcement. The Nikkei 225 increased modestly thanks to an encouraging Tankan survey, which showed improved sentiment among Japan’s large manufacturers and non-manufacturers. On the other hand, the KOSPI fell due to an […]

TitleUSDCHF H4 | Reversing to support level? TypeBearish Reversal Preference:Price is reacting off our pivot line at 0.87631, a pullback resistance, and is falling to the 1st support at 0.86884, a swing low support Alternative scenario:Price could break the pivot line at 0.87631 and rise to the 1st resistance level at 0.88095 a pullback resistance […]

TitleNZDUSD H4 | Potential bearish breakout TypeBearish Reversal Preference:Price has broken under the pivot point of 0.61079 which is an overlap support and could potentially drop lower from here; we could see momentum carry price down to its 1st support at 0.60158 which is a pullback support level. Alternative scenario:If price reverses from the pivot […]

Comments & Confusion USDJPY is back under offer today as volatility in the pair continues. The pair plunged almost 4% on Thursday before buyers kicked in to send the rate back up over the last two sessions. The main driver behind the whipsaw action is comments from the BOJ on monetary policy ahead of the […]

Fresh BTC Volatility Bitcoin prices appear to be stabilising on Tuesday following a more than 10% crash yesterday. The crypto space has been heating up again in recent months with an almost 70% rally off the October lows. The move higher has been largely driven by excitement around expected Bitcoin ETF approval from the SEC. […]