Tag: tickmill
Daily Market Outlook, December 11, 2023 Munnelly’s Market Minute… Asia – Stocks in the Asia-Pacific region traded mixed as investors processed recent data releases, including strong US jobs data and worsening deflation in China. This week’s upcoming risk events, such as US CPI data and central bank updates, added to the cautious mood. The Nikkei […]
TitleNZDUSD H4 | Reacting off resistance level? TypeBearish Drop Preference:Price is currently at our pivot point of 0.6115, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 0.6066, an overlap support level that aligns with the 161.8% Fibo extension level Alternative […]
Daily Market Outlook, December 8, 2023 Munnelly’s Market Minute… Asia – Most stocks traded higher, but gains were limited due to cautious sentiment ahead of the US NFP jobs report and recent BoJ speculation. The Nikkei 225 underperformed due to a firmer currency and downward revision in Japan’s Q3 GDP. The Hang Seng and Shanghai […]
Title:USDCHF Day I Falling from Fibo confluence? TypeBearish Reversal Preference:The price is rising toward our pivot point of 0.8886, which serves as a pullback resistance level aligning with the 38.2 and 50% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 0.86199 Alternative scenario:However, if the price […]
In the latter half of the week, bearish pressure on European currencies has somewhat eased, with EURUSD consolidating in the range of 1.0750-1.08 and GBPUSD at 1.25-1.26. This hints that the upcoming direction may be influenced, to some extent, by the Non-Farm Payrolls, and the upcoming Federal Reserve meeting next week. Recent economic activity indicators […]
Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session use the links below ES https://youtu.be/HflkbQ_xe6g?si=LgiJS4_oUWs2CbQD NQ https://www.youtube.com/watch?v=1uNibIIl3Dc YM https://youtu.be/zouJ5u6sLHw?si=ry44jddl4roTHTor Source: Tickmill
TitleEURUSD H4 | Potential bullish bounce? TypeBullish Bounce Preference: The price could bounce off our pivot point at 1.07567, a pullback support and rise towards our 1st resistance at 1.08296, an overlap resistance. Alternative scenario: The price could break the pivot point at 1.07567 and fall to the 1st support at 1.06613, a pullback […]
USD Falls on Weak ADP Number The US Dollar is softening today on the back of yesterday’s ADP employment number, with gold prices rising as a result. The figure came in at 103k, down from 106k prior and well below the 131k the market was looking for. On the back of the release, traders are […]
TitleS&P 500 H4 | Falling to support level? TypeBearish Reversal Preference: The price could fall to our support level at 4537.68, multi-swing low support from our pivot point at 4598.58, a pullback resistance. Alternative scenario:The price could break through the pivot point at 4537.68 and rise to our resistance level at 4608.51, a swing-high resistance […]
TitleUSDJPY H4 | Potential bearish reversal? TypeBearish Breakout Preference: The current price is falling towards our pivot at 143.726, a pullback support. It could break through the pivot and continue falling to our support level at 141.564, a pullback support. Alternative scenario: Price will bounce off the pivot point and rise to our resistance level […]