Tag: tickmill
TitleUSDCHF H4 | Falling to support level? TypeBearish Reversal Preference:Price has just reacted off our pivot point of 0.8999, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 0.8951, a pullback support level. Alternative scenario:However, if the price breaks above the […]
Daily Market Outlook, October 27, 2023 Munnelly’s Market Commentary… Asia – Asian stocks are trading with a positive bias, driven by well-received earnings reports from Amazon and Intel, which lifted sentiment after a mostly lower close on Wall Street. The Nikkei 225 is experiencing gains, primarily driven by its Industrial sectors, potentially in response to […]
US Yields Rising A fresh rise in US yields this week linked to a slew of better-than-forecast US data has seen US stocks coming under fresh pressure. Against the backdrop of rising uncertainty linked to the conflict in the Middle East, the near-term outlook for US stocks has dimmed considerably. Of course, tech stocks are […]
ECB Pauses… For Now On the back of ten consecutive rate hikes, the ECB yesterday paused its tightening program, citing the recent drop in inflation as well as underlying weakness in the eurozone economy. The meeting was a relatively muted event, though was perhaps more on the dovish side than some were expecting. Lagarde warned […]
TitleAUDUSD H4 | Rising into 61.8% Fibo resistance TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.63472 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.62928 which is a […]
Safe-Haven Demand Supporting Gold Gold prices are on track to end the week higher once again as ongoing uncertainty around the conflict in the Middle East keeps safe-haven demand well-primed. News that Israel launched its largest ground offensive into Gaza to date, overnight, is keeping geo-political risk-premium at highs ahead of the weekend. With traders […]
TitleEURUSD H4 | Reacting off 38.2%? TypeBullish Breakout Preference:The price is rising toward our pivot point of 1.05845, which serves as a pullback resistance level aligning with the 38.2% Fibonacci. A reversal from this point could lead to a price drop to the 1st support at 1.05257, an overlapping support level. Alternative scenario:However, if the […]
Bitcoin bulls broke the resistance level of 31000 and approached the level of 34220. The bulls are likely to take a small break and let bears help the asset target the broken level of 31000. The price of Bitcoin might potentially head North, undergo correction to the level of 31000, and jump further. We will […]
Equity Markets in Disarray US equities took a beating on Wednesday, with the S&P 500 shedding almost 1.5% of its market capitalization, slipping below the critical 4200-point mark. The battle between sellers and buyers near the 200-SMA (Simple Moving Average) created quite a spectacle, eventually surrendering as a support level. Growth stocks fared no better, […]
Daily Trade Setups #NVDA #TSLA #AAPL To access today’s real-time actionable analysis CLICK HERE! Source: Tickmill