Tag: tickmill
OPEC in Focus Crude oil futures are hovering around the $78 mark today ahead of the OPEC+ meetings taking place later. The market has seen better trading over the last few days, taking advantage of a weaker US Dollar to recover some ground to the topside. Expectations of an extension (and possibly a deepening) of […]
The Dollar Index rose at the beginning of the European session, gaining about 0.3% in a short period, attempting to consolidate above the 103 level. The primary surge was driven by a decline in the Euro – EURUSD depreciated by approximately 0.5%. The pair is approaching the 1.09 level, having tested the 1.10 level yesterday […]
TitleGBP/USD day I Bearish reversal? TypeBearish Reversal Preference: The price is rising toward our pivot point of 1.2786, which serves as a multi-swing resistance level. A reverse from this point could lead the price to fall to the 1st support at 1.2637, a pullback support. Alternative scenario: However, if the price breaks above the pivot, […]
Title:EURGBP H4 | Bullish reversal off 161.8% fibo? TypeBullish Bounce Preference:Price could bounce off our pivot point at 0.8639, which is a multi-swing low support level, and at the 161.8% fibo extension. If price bounce off from our pivot point, price could rise towards the 1st resistance at 0.8660, which is an overlap resistance level. […]
Copper Stalling on Weak China Data On the back of the strong rally we’ve seen recently, copper prices are stalling on Thursday as traders digest the latest data weakness out of China. The October Manufacturing PMI was seen falling further into contractionary territory at 49.4 down from 49.5 last and below the 49.8 the market […]
Title: S&P500 H4 Breaking through 1st Resistance? TypeBullish Bounce Preference:The current price is between the pivot line, at 4535.74, which is overlap support, and the 1st resistance at 4568.86, a pullback resistance. Price could bounce off the pivot and reach the 1st resistance. Alternative scenario:The current price will break through the pivot and fall to […]
Daily Trade Setups #EURUSD #GBPUSD #AUDUSD To access today’s real-time actionable analysis use the links below, like & share! EURUSD https://youtu.be/a53qxM9OGUw?si=xd2f39E7Ov9GLZay GBPUSD https://youtu.be/_l2L6SZIxAQ?si=IJz6CV9-uMXcdI1K AUDUSD https://youtu.be/AH0-zYCKWyI?si=Cf5sT4bm9Jou4IDs Source: Tickmill
TitleGBP/USD Day I Potential bullish bounce? TypeBullish Bounce Preference: Wait for price to pullback at our pivot point of 1.2634, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 1.2814, a swing-high resistance. Alternative scenario:However, if the price breaks below the […]
US GDP in Focus The first look at Q3 US GDP rolls in today and markets are looking for a 5% reading, up from 4.9% in the prior quarter. On the back of the volatility we’ve seen in USD this week, and the constant debate around the Fed outlook, the data is drawing plenty of […]
TitleEUR/USD H4 I Falling to support level? TypeBearish Drop Preference: The price is falling from our pivot point of 1.099, A reverse from this point could lead the price to fall to the 1st support at 1.0959, a pullback support level Alternative scenario: However, if the price breaks above the pivot, it might rise to […]