Tag: tickmill
The dollar sharply declined after the inflation report, which indicated a significant slowdown in the growth of prices in two key components: the service sector and rental rates. The monthly growth rate fell from 0.6% to 0.3%, providing hope for a subsequent inflation deceleration (due to the inertia of these components): However, on Wednesday, the […]
TitleGBPUSD H4 | Rising towards resistance? TypeBullish Rise Preference:Price is currently at our pivot point of 1.2390, which serves as a pullback support that aligns with the 38.2% Fibo retracement. A reversal from this point could lead the price rise to the 1st resistance at 1.2479 Alternative scenario:However, if the price breaks below the pivot, […]
The price of the currency pair EUR/USD broke the resistance level of 1.0765. The price of this asset should potentially rebound to the broken level, pull back, rise, and target the resistance level of 1.1000 next. Brent oil has formed a bearish trap at the level of 81.65 and rebounded from the lower side of […]
Daily Market Outlook, November 16, 2023 Munnelly’s Market Commentary… Asia – .stocks experienced mixed performance, influenced by the choppy trading in the U.S. and a waning of recent data-driven momentum. The Nikkei 225, despite better-than-expected exports and machinery orders, saw a 0.1% decline as investors opted to book profits. in Hong Kong, the Hang Seng […]
TitleAUDJPY H4 | Falling to 38.2% Fibo support TypeBullish Bounce Preference: Price is falling towards the pivot point of 97.473 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 98.564 which is […]
SEC Delays… Again Bitcoin prices surged higher once again yesterday with BTC futures rallying almost 10% off the week’s lows yesterday. The move came amidst news that the SEC has deferred ruling on the Hashdex Bitcoin ETF until 2024, having made a similar ruling on other crypto ETF applications. Judging by the market reaction it […]
USD Selling Pauses The US Dollar failed to continue the breakdown we saw on Tuesday as better-than-forecast retail sales data yesterday helped stem the selling. While still very weak at 0.1%, down from 0.8% prior, given that the data was marginally better than the -0.1% forecast, bulls were able to hang on. Empire state manufacturing […]
TitleEURUSD H4 | Bouncing off support? TypeBullish Bounce Preference:The price is falling toward our pivot point of 1.07545, which serves as a pullback support level that aligns with the 38.2% Fibo retracement. A bounce from this point could lead the price to rise to the 1st resistance at 1.08727, an overlap resistance. Alternative scenario:However, if […]
TitleAUDUSD H4 | Bullish reversal off 38.2% Fibo TypeBullish Bounce Preference: Price is falling towards the pivot point of 0.64553 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.65226 which is […]
TitleXAUUSD H4 I Falling to support level? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1976, which serves as a pullback resistance. A reversal from this point could lead the price to drop to the 1st support at 1944, an overlapping support level. Alternative scenario:However, if the price breaks above the pivot, […]