Tag: tickmill
TitleGBPJPY H4 | Bullish bounce off 23.6% fibo? TypeBullish Bounce Preference: Price is hovering at our pivot point at 183.59, which is a pullback support level, aligning with the 23.6% fibo retracement. Price could bounce off the pivot point and rise towards the 1st resistance at 184.26, which is a swing high resistance level. Alternative […]
TitleAUDUSD H1 | Bearish reversal off 50% Fibo TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.63444 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.6313 which is a pullback […]
Daily Market Outlook, November 1, 2023 Munnelly’s Market Commentary… Asia – stocks experienced predominantly higher trading conditions. However, the gains were limited for most indices ahead of the FOMC announcement. The region also faced a series of data releases, including disappointing Chinese Caixin Manufacturing PMI, which marked its first contraction in three months. The Nikkei […]
TitleEURJPY H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference: Price is hovering at our pivot point at 159.82, which is a pullback support level, aligning with the 38.2% fibo retracement. Price could bounce off the pivot point and rise towards the 1st resistance at 160.83, which is a swing high resistance level. Alternative […]
TitleUSDJPY H4 | Falling to Support level? TypeBearish Reversal Preference: Price has just reacted off our pivot point of 149.51, which serves as a pullback resistance level. A reversal from this point could lead the price to drop to the 1st support at 148.89, a swing-low support level. Alternative scenario:However, if the price breaks above […]
Daily Market Outlook, October 31, 2023 Munnelly’s Market Commentary… Asia – stock markets experienced mixed trading as the month came to a close. This period was marked by a significant influx of data releases, including discouraging official Chinese PMIs, and investors also had to digest a multitude of earnings reports, along with the conclusion of […]
Shop Prices Fall in October There was better news for UK households today with the latest UK BRC retail monitor showing shop prices fell again last month. Retail prices dropped from 6.2% to 5.2% in October, in an encouraging sign that the cost-of-living crisis is finally starting to ease off in the UK. Today’s decline […]
TitleCHFJPY H4 | Rising into 50% Fibo resistance TypeBearish Reversal Preference: Price is rising towards the pivot point of 166.555 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 165.057 which is a […]
China Manufacturing PMI Falls Copper prices are in the green today but are struggling to break back above local resistance on the back of weaker-than-forecast Chinese manufacturing data overnight. The Chinese manufacturing PMI for last month was seen falling back into negative territory at 49.5 down from 50.2 prior and expected. The data puts emphasis […]
TitleNZDJPY H4 | Heading into pullback resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 87.59 which is a pullback resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 86.845 which is a multi-swing-low support level. Alternative scenario:If price breaks above the […]