Tag: tickmill

TitleDE30EUR H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price could fall to our pivot point at 15864.2, which is an overlap support level. Price could potentially continue its bullish momentum and bounce off the pivot point, to rise towards the 1st resistance at 15983.3, which is a swing high resistance level. Alternative scenario: […]

Copper Breaking Higher Just a few weeks ago, copper prices were turning lower from a key resistance level and the market looked like it was heading for a fresh test of the YTD lows. Since then, copper prices have undergone a solid rebound and are now trading almost 7% higher, currently around fresh 2-month highs. […]

Daily Market Outlook, November 21, 2023 Munnelly’s Market Commentary…  Asia – In the Asia-Pacific region, most stock markets experienced gains driven by positive movements in US tech stocks, notably Microsoft, which reached a record high. Chinese markets found support from the property sector, while the ASX 200 benefitted from strength in the mining and materials […]

TitleAUDUSD H4 | Bearish reversal off 61.8% fibo projection? TypeBearish Reversal Preference:Price could potentially reject off our pivot point at 0.6587, which is a swing high resistance level, slightly above the 61.8% fibo projection and 127.2% fibo extension. Price could fall to the 1st support at 0.6541, which is a pullback support level . Alternative […]

Daily Market Outlook, November 20, 2023 Munnelly’s Market Commentary…  Asia – Most Asia-Pacific stocks were positive, but gains were limited due to a lack of fresh catalysts over the weekend. Investors are waiting for key risk events this week, including the release of FOMC minutes on Tuesday. Nikkei 225 swung between gains and losses, reaching […]

TitleUSDCAD H4 | Dropping to swing-low support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.36663 which is a swing-low support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37707 which is an overlap resistance that aligns close to the 61.8% Fibonacci […]

Crude Rallying on USD Weakness Crude oil is starting the week in a healthier fashion with the crude futures extending the gains seen on Friday through early trading today.  The main driver behind the move is the continued weakness we’re seeing in the US Dollar. With the greenback under heavy selling pressure as traders move […]

TitleUS30USD H4 | Bearish reversal off pivot? TypeBearish Reversal Preference: Price could retrace back to our pivot point at 35060.9, which is a multi-swing high resistance level. Price could fall to the 1st support at 34306.3, which is a pullback support level, aligning with the 61.8% fibo retracement. Alternative scenario: If price breaks above the […]

EUR On the Up The dominant theme across markets as we kick of the new week Is the ongoing correction lower in USD. With the greenback under heavy selling pressure, we’re seeing a cross-asset recovery underway. In the FX space, high yielders such as AUD and NZD has been the standout winner. However, currencies such […]

CCY Currencies Rallying Commodity currencies are seeing a strong start to the week across early trading on Monday. With the US Dollar still in decline following last week’s softer-than-forecast October CPI data, high-yielding currencies are benefiting nicely. Headline US inflation was seen cooling to 3.2% from 3.7% prior last month. This drop has been deemed […]