Tag: tickmill

Currently, silver remains at the median line of the downtrend. The price of silver should rebound from the downtrend line and jump soon. Hence, one could follow the candlestick formations around this downtrend to forecast the potential price movements. The price of the Euro rebounded from the broken downtrend and approached the resistance level of […]

Bailey Holds Steady GBP is starting the day in a more muted fashion, on the back of the November BOE meeting yesterday. The Pound was seen firmly higher through Thursday trading as traders digested a ‘hawkish hold’ from Bailey and co. The BOE held rates steady at 5.25% but signalled that rates would need to […]

In the last couple of sessions, bond yields have been on a roller-coaster ride, witnessing declines both at the short and long ends of the curve. The 10-year bond yield, which peaked at 5% last week, has now retreated to 4.62%, while the 2-year bond yield has fallen from 5.24% to 4.98%. These movements have […]

Daily Market Outlook, November 3, 2023 Munnelly’s Market Commentary…  Asia –  stocks experienced gains as they followed the upward movement in global markets. This rise came after the Bank of England (BoE) decided to maintain interest rates and a surprising decrease in US Labour Costs added to a dovish tone. Japan’s market was closed for […]

EUR Higher on Thursday The Euro is catching a bid today on the back of comments from ECB’s Schnabel yesterday. Following on from the ECB holding rates unchanged this month, Schnabel warned that it is too early to call an end to ECB tightening altogether and said the bank would remain vigilant over the path […]

BTC Pulling Back Bitcoin price are pulling back from recent YTD highs as we approach the weekend. After topping out ahead of the 37030 level, BTC prices have since shed around 6%. The move comes despite recent weakness in USD and can be attributed to profit taking on the recent bull move which saw BTC […]

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 CLICK HERE! Source: Tickmill

TitleEURJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference: Price created a lower high and could potentially fall to our pivot point at 158.98, which is an overlap support level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. If price bounces off our pivot point, then we can expect price to […]

TitleUSDCAD H4 | Potential support within bullish Ichimoku Cloud TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.37357 which is an overlap support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.38202 which is a pullback resistance that aligns with the 50.0% […]

TitleDE30EUR H4 | Bearish reaction off pivot? TypeBearish Reversal Preference: Price is rising towards our pivot point at 15281, which is a multi-swing high resistance level. If price reacts bearishly, we can expect price to fall to the 1st support at 15123.5, which is a pullback support level. Alternative scenario: If price breaks above the […]