Tag: tickmill
Title:GBPUSD H4 I Continue to support level? TypeBearish Drop Preference:The price is falling from our pivot point of 1.2586, A fall from this point could lead the price to fall to the 1st support at 1.2499, a pullback support. Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance […]
TitleAUDUSD H4 I Bearish reversal? TypeBearish Drop Preference:The price is currently at our pivot point of 0.6605, which serves as an overlap resistance level that closes to the 61.8% fibo retracement. A reverse from this point could lead the price to fall to the 1st support at 0.6529, an overlap support. Alternative scenario:However, if the […]
USDJPY Continues Lower The Japanese Yen is rallying firmly against the Dollar today with USDJPY extending its recent decline. The pair has fallen from high of around high 151 to current levels around low 145. The shift in outlook on the Fed has been the main driver of the move lower in recent months. However, […]
Last week, the currency pair EUR/USD rebounded from the level of 1.1000. Currently, the asset is approaching the supporting zone formed between levels 1.0670 and 1.0640. The price of this asset is likely to rebound from this zone and rise. The recent trend can be considered a mere correction from the achieved maximum points. The […]
Crude Breaks Support Crude oil prices sank to fresh 5-month lows yesterday as a combination of concerns over the Chinese economy and excess supply in the oil market weighed on sentiment. News that Moody’s has downgraded its credit outlook on China to negative, along with a slew of Chinese corporates, has caused some pause in […]
The deep dive of USDJPY on Thursday, which shed 1.5%, has raised eyebrows, and the culprit appears to be the Bank of Japan’s potential departure from its negative interest rate policy. Contrary to the conventional narrative of risk aversion triggering yen gains, this move seems intricately linked to policy considerations. The yen’s ability to maintain […]
US Jobs Data Ahead USCDAD traders in for a treat today with data on both sides of the border set to drive action. First we have the ADP employment number which will attract plenty of attention ahead of the coming NFP data on Friday. Following a drop in employment figures over the prior month, US […]
Bitcoin Rally Continues Bitcoin prices were seen breaking out to fresh YTD highs yesterday as the market continues to swell in demand ahead of anticipated spot Bitcoin ETF approvals next month. While the SEC was recently seen delaying its decision on current applications until January 2024, on the back of recent developments with Grayscale, the […]
The yields on US Treasury bonds hit a local minimum on Tuesday following the release of JOLTS data on job vacancies: The 10-year bond yield dropped by approximately 5 basis points after October’s job vacancy data revealed a more significant decline in labor demand than expected. The number of job openings fell from 9.35 million […]
Title:EURUSD H4 | Bullish Bounce? TypeBullish Bounce Preference:The price is falling toward our pivot point of 1.0754, which serves as a pullback support level that aligns with the 161.8% Fibo extension A bounce from this point could lead the price to rise to the 1st resistance at 1.0830, an overlap resistance. Alternative scenario:However, if the […]