Tag: tickmill
TitleHeading into Resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.08657 which is a multi-swing-high resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.07988 which is a multi-swing-low support that aligns close to the 50.0% Fibonacci retracement level. Alternative scenario:If […]
BTC Pause at Highs As expected, we’re seeing plenty of volatility around the former all time-highs in Bitcoin. BTC futures surged to fresh record highs of $70195 yesterday, just topping the prior highs of $69355 before sharply reversing lower. Futures prices plunged more than 13% on the day before bottoming out and today, trading back […]
Rout Continues Shares in Apple remain under heavy selling pressure this week as the stock extends its recent decline. Apple shares are now trading down around 14% from their recent highs, despite the broader rally we’re seeing in US tech stocks currently. Indeed, with Apple having shed around $300 billion of its overall value during […]
TitleFalling to 61.8% Fibonacci Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.88249 which is a pullback 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 0.88931 which is a pullback resistance level. Alternative […]
Daily Market Outlook, March 5, 2024 Munnelly’s Market Minute… “China Data & Congress Stimulus Measures Dissapoint” On Tuesday, Asian shares showed a mixed performance as investors took into account China’s official announcements, including a bold 5% growth target. Mainland China’s markets experienced a strong surge, while Japan’s Nikkei 225 index surpassed the 40,000 level reached […]
TitleBearish Downturn TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.65156 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64882 which is a pullback support level. Alternative scenario: If […]
On the backdrop of Super Tuesday and anticipation surrounding the potential resurgence of former US President Donald Trump in the Republican Party, the US Dollar commenced the week with a vigorous rally. Meanwhile, across the Pacific, markets received a blow from the subdued economic announcements emerging from China’s National People’s Congress. The absence of anticipated […]
TitlePotential Bullish Breakout TypeBullish Breakout Preference:Price is rising towards the pivot point of 1.35879 which is a potential breakout level and could climb higher from here; we could see momentum carry price up to its 1st resistance at 1.36593 which is an overlap resistance level. Alternative scenario:If price reverses from the pivot point, it could […]
TitleEURGBP Day | Potential bullish breakout TypeBullish Breakout Preference:The price is on the pivot at 0.85536and it could continue to trend higher and breakout of the pivot point. A breakout could lead the price to rise to the 1st resistance at 0.86209, the overlap resistance that aligns with 61.8% Fibonacci retracement. Alternative scenario:Price could reverse […]
BTC Rally Continues Bitcoin prices touched their highest level on record over night, before softening back a touch for now. BTC futures reached highs of 69595 overnight, eclipsing the prior all-time-highs of 69355, set in November 2021. The leading crypto coin has been on an impressive run higher in recent weeks, up almost 80% from […]
