Tag: tickmill
TitleXAUUSD H4 | Bullish continuation expected? TypeBullish Bounce Preference: The price is falling toward our pivot point of 1971, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 2000, a swing high resistance. Alternative scenario: However, if the price breaks below […]
TitleUSDCAD H4 I Falling to support level? TypeBearish Drop Preference:Price has just reacted off our pivot point of 1.375, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.3663, a swing-low support level. Alternative scenario:However, if the price breaks above the […]
Gold Higher Again on Friday Gold prices are ending the week firmly higher with the safe-haven asset on track to record 4 winning days out of 5 this week. Following heavy selling over the prior fortnight, gold prices bottomed out on Monday and have recovered well throughout the week with prices now back above the […]
TitleGBPUSD H4 I Waiting for a pullback? TypeBearish Reversal Preference: The price is breaking thru our pivot point of 1.2397, wait for a pullback at the pivot point . A reversal from this point could lead the price to drop to the 1st support at 1.2320, a pullback support level. Alternative scenario: However, if the […]
TitleNZDUSD H4 | Rising toward resistance? TypeBearish Breakout Preference:The price is falling toward our pivot point of 0.5940, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 0.5997, a pullback resistance. Alternative scenario:However, if the price breaks below the pivot, it […]
Retail Sales Fall Again The British Pound is coming under fresh selling pressure today on the back of the latest UK economic data released this morning. Retail sales were seen falling in negative territory again last month, printing -0.3%, well below the 0.5% the market was looking for. On the back of the heavy fall […]
Daily Market Outlook, November 17, 2023 Munnelly’s Market Commentary… Asia – stocks traded mixed, reflecting a choppy performance in the United States as yields declined and market participants digested soft U.S. data releases. The Nikkei 225 exhibited indecision amid a lack of fresh catalysts and balanced comments from Bank of Japan (BoJ) Governor Ueda. Meanwhile, […]
Crude Pushing Lower Oil prices have broken down to fresh four-month lows this week as bearish sentiment continues to build. Crude futures are now down around 25% from YTD highs and look poised for further downside near-term unless we see a major shift in the backdrop. US Crude Inventories Balloon On the one hand, the […]
China Concerns Hurting Oil Outlook Crude oil is trading lower as we head through the back end of the week. Following a strong start on Monday, prices soon topped out and reversed lower as concerns over US and Chinese demand took hold, exacerbated by the EIA reporting a large inventories build. In China, data this […]
Daily Trade Setups #NVDA #TSLA #AAPL To access today’s real-time actionable analysis use the links below, like & share! Tesla https://www.youtube.com/watch?v=LbIdYgvkefU Apple https://www.youtube.com/watch?v=OFxQfiaxeNs Nvidia https://www.youtube.com/watch?v=6jzacZb9qCM Source: Tickmill