Tag: tickmill

The price of natural gas broke a very strong and important psychological level of 3.00. Currently, the asset is rebounding to the broken horizontal trendline. The price of gas is likely to test the broken level of 3.00, rise, and target the level of 4.00 next. So, let’s observe whether it is going to happen. […]

BTC Volatility Explodes Bitcoin traders experienced heavy volatility across the European afternoon on Monday as the market reacted explosively to reports (later confirmed to be false) that the SEC had approved the BlackRock BTC ETF application. BTC prices were seen surging higher by more than 10% on the day before collapsing back as the reports […]

Middle East Impact Gold prices softened over European and US trading on Monday following a sharp rally on Friday as safe-haven flows surged higher on Israel/Palestine news flow. Gold futures recorded their largest single-day gain since March on Friday as risk assets tumbled against the backdrop in the Middle East. With the situation still unfolding […]

TitleNZDUSD H4 | Heading into resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.59341 which is a pullback resistance that aligns cloe 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 0.58815 which is a pullback support […]

TitleSPX500USD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price could potentially fall to our pivot point at 4315.6, which is an overlap support level and slightly above the 50% fibo retracement. If price bounces off our pivot point, then price could rise towards the 1st resistance at 4367.1, which is a swing high […]

Daily Market Outlook, October 16, 2023 Munnelly’s Market Commentary…  Asian equity markets are predominantly in the red due to ongoing geopolitical concerns related to the Israel-Hamas conflict, which has the potential to affect neighbouring countries. The Nikkei 225 has underperformed, breaking below the 32K handle, despite a lack of fresh catalysts. The Hang Seng and […]

TitleUS30USD H4 | Bullish bounce off 78.6% fibo? TypeBullish Bounce Preference: Price could fall to our pivot point at 33570.8, which is an overlap support level, aligning with the 78.6% fibo retracement. If price bounces off our pivot point, then price could rise towards the 1st resistance at 33898.2, which is a multi-swing high resistance […]

TitleGBPUSD H4 | Potential bearish reversal? TypeBearish Reversal Preference:The price has just reacted off our pivot point of 1.23359, which serves as a swing-high resistance level aligning with the 127.2% Fibonacci extension. A reversal from this point could lead to a price drop to the 1st support at 1.22596, an overlapping support level. Alternative scenario:However, […]

Daily Market Outlook, October 12, 2023 Munnelly’s Market Commentary…  Asian equity markets saw gains, supported by Wall Street’s rebound and dovish Fed commentary. The Nikkei 225 advanced following softer PPI data and dovish comments from BoJ Board Member Noguchi. Hang Seng and Shanghai Comp. were up, with Hong Kong leading the way by breaching the […]

The report on consumer prices in the United States triggered a U-turn in the dollar yesterday, as the widely expected slowdown in inflation did not materialize. Despite the relatively unremarkable overall picture – overall inflation remained at 3.7%, and core inflation slowed from 4.3% to 4.1% – the markets were deeply concerned about the details […]