Tag: tickmill
TitleEURJPY H4 | Bearish reaction off 38.2% fibo? TypeBearish Reversal Preference:Price is rising towards our pivot point at 162.36, which is an overlap resistance, aligning with the 38.2% fibo retracement. If price reacts bearishly, then we can expect price to fall to the 1st support at 161.26, which is a swing low support level. Alternative […]
Aussie Breakout Holds For Now AUDUSD continues to hold above the .6520 level for now following the breakout earlier this week. It looks as though the pair has overcome the hurdle of the FOMC minutes and is now set to continue higher. Yesterday, the minutes revealed that Fed members remain concerned around upside inflation risks […]
TitleNZDUSD H4 | Bullish bounce off 50% fibo? TypeBullish Bounce Preference: Price could fall to our pivot point at 0.6013, which is a pullback support level, aligning with the 50% fibo retracement. If price bounce off the pivot point, price could rise towards the 1st resistance at 0.6066, which is a swing high resistance level. […]
Daily Market Outlook, November 22, 2023 Munnelly’s Market Commentary… Asia – Stocks in the Asia-Pacific region had a mixed performance due to negative sentiment from Wall Street, where weak data and pre-Thanksgiving positioning affected the market. The latest FOMC minutes had little impact on prices, and geopolitical developments, such as North Korea’s satellite launch and […]
TitleEURUSD H4 | Bullish bounce off 23.6% fibo? TypeBullish Bounce Preference: Price could fall to our pivot point at 1.0885, which is a pullback support level, aligning with the 23.6% fibo retracement and 100% fibo projection. If price bounces off the pivot point, then price could rise towards the 1st resistance at 1.0960, which is […]
Lagarde Warns Over Inflation Risks EURUSD is trading lower through the middle of the week having reversed sharply from yesterday’s highs around the 1.0960 mark. The reversal comes despite ECB’s Lagarde warning yesterday that the bank was not yet done with its fight against inflation, signalling that further tightening might still be needed. Lagarde’s comments […]
TitleUSDJPY H4 | Bearish continuation off 23.6% fibo? TypeBearish Reversal Preference: Price could rise up towards our pivot point at 148.15, which is a pullback resistance level, aligning with the 23.6% fibo retracement. We can expect price to reject this pivot point, and fall towards our 1st support at 147.33, which is a multi-swing low […]
The dollar index continues its search for lows this week; however, seller activity has diminished as the market overall remains relaxed, given that this week marks Thanksgiving in the United States: It is worth noting that the price has dropped below all three key moving averages (50, 100 and 200-day), increasing the likelihood of a […]
TitleGBPJPY H4 | Bullish bounce off pivot? TypeBullish Bounce Preference:Price is falling to our pivot point at 184.25, which is a pullback support level. If price bounces off the pivot point, then price could potentially rise towards the 1st resistance at 185.57, which is an overlap resistance level. Alternative scenario:If price breaks below the pivot […]
BTC Holds Near Highs Bitcoin futures continue to consolidate near recent highs on Tuesday. Following a strong rally across mid October – mid November, bullish momentum has faded a little with prices getting held up around the 37030 level. However, dips have been firmly bid and the market remains around that level currently, suggesting that […]