Tag: tickmill
TitleNZDUSD H4 | Bearish reversal? TypeBearish Reversal Preference: The price is rising toward our pivot point of 0.6190, which serves as a pullback resistance level aligning with the 61.8% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 0.6107, a pullback support level. Alternative scenario: However, if […]
Daily Trade Setups #TLT #USDJPY #GBPJPY To access today’s actionable analysis use the links below TLT https://youtu.be/5IzAUuA8HVE?si=nBf87asB2k71bsoL USDJPY https://www.youtube.com/watch?v=9AfqSB1gS8g GBPJPY https://youtu.be/DX4nAlB_srk?si=PwHqFPQykVLI1-Fm Source: Tickmill
TitleAUDUSD H4 | Reacting off resistance? TypeBearish Drop Preference:Price has just reacted off our pivot point of 0.65927, which serves as a pullback resistance level that closes to 38.2% FIbo retracement.A reversal from this point could lead the price to drop to the 1st support at 0.6523, a pullback support level. Alternative scenario:However, if the […]
TitleGBPJPY H4 | Bearish breakout? TypeBearish Breakout Preference: (We will wait for price to pullback at our pivot) Price is falling toward our pivot point of 184,62, which serves as resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.25647, a multi-swing low support level. Alternative […]
China Downgrade Copper prices look to be stabilising today following two days of heavy selling which saw copper futures reversing sharply from the 3.9410 level. The reversal lower comes amidst a fresh uptick in concerns over the health of the Chinese economy. News that ratings agency Moody’s has cut China’s credit outlook to negative has […]
Daily Market Outlook, December 6, 2023 Munnelly’s Market Commentary… Asia – Asian-Pacific stocks experienced widespread gains, driven by a more subdued yield environment, increased risk sentiment, and anticipation surrounding important data releases. The recent decline in US JOLTS job openings raised hopes for potential Federal Reserve rate cuts, further boosting the positive market atmosphere. The […]
USD Recovery Continues The US Dollar has seen better demand over recent sessions with the Dollar Index posting a small recovery for now. With a slew of data to come this week, starting with ISM data later today and culminating with jobs data on Friday, there is plenty of volatility risk to monitor this week. […]
Stocks Pause at Highs US stocks are softening from the week’s highs as we head into the US open on Tuesday. Following a solid rally off the October lows which saw the S&P gaining more than 12%, the move has stalled into a test of the YTD highs at 4602.90. The shift in trader’s expectations […]
TitleAUDUSD H4 | Bullish bounce off pivot point? TypeBullish bounce Preference:The price is falling to the pivot point at 0.65699, an overlap support and could bounce off and rise towards the 1st resistance level at 0.66755, a multi-swing-high resistance. Alternative scenario:The price could break though our pivot point at 0.65699, an overlap support and fall […]
TitleNZDUSD H4 | Falling to 61.8% Fibo TypeBearish Drop Preference: The price is falling from our pivot point of 0.615, A reversal from this point could lead the price to drop to the 1st support at 0.6081, an overlap support level that aligns with the 61.6% Fibo retracement. Alternative scenario: However, if the price breaks […]