Tag: tickmill
Daily Market Outlook, November 10, 2023 Munnelly’s Market Commentary… Asia – Stocks across the board faced a widespread decline, echoing the negative sentiment emanating from Wall Street that rippled through the APAC region. Multiple factors contributed to this downturn, including a lacklustre 30-year US auction and Federal Reserve Chair Powell’s hawkish stance. In the APAC […]
TitleGBPNZD H4 | Heading into resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 2.07946 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 2.06326 which is a pullback support […]
TitleUSDCHF H4 | React off overlap resistance? TypeBearish Reversal Preference: The price is rising toward our pivot point of 0.90698, which serves as a pullback resistance level aligning with the 78.6% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 0.8982, an overlap support level. Alternative scenario: […]
TitleAUDJPY H4 | Falling to 50% Fibo support TypeBullish Bounce Preference:Price is falling towards the pivot point of 95.787 which is an overlap support that aligns close to the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 96.592 which is a […]
TitleGBPUSD H4 | Falling to support level? TypeBearish Reversal Preference: Price is currently at our pivot of 1.2242 which is an overlap resistance level that aligns with the 61.8% Fibo retracement. A bounce from this point could lead the price to rise to the 1st resistance at 1.23009, a multi-swing high resistance Alternative scenario:However, if […]
Hawkish Fed Comments The US Dollar is trading higher today on the back of keenly awaited comments from Fed chairman Powell yesterday. Powell warned that it was too early for the Fed to say that peak rates are in place with the central bank “not confident” that it has yet done enough to bring inflation […]
Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session use the links below, please like & share! Emini SP500 https://www.youtube.com/watch?v=Quf6tgUmBKg Emini Nasdaq https://www.youtube.com/watch?v=ScUTAkCxKDg Emini DowJones https://www.youtube.com/watch?v=8WdaZnGPT3c Source: Tickmill
The US markets experienced a decline on Thursday, with modest decreases that did not surpass 1% on major equity indices. The sell-off was triggered by a rebound in Treasury yields, a response to Powell’s speech on Thursday. Powell, speaking at an IMF event, attempted verbal intervention to prevent a further decline in US market rates, […]
TitleUSDCHF H4 | Rising into overlap resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.90223 which is an overlap resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.89519 which is pullback support level. Alternative scenario:If price breaks above the pivot point, […]
TitleAUDUSD H4 | Potential bullish bounce off 61.8% Fibo TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.63994 which is an overlap support that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.64558 which is a […]