Tag: tickmill
TitleGBPJPY H4 | Potential bullish bounce TypeBullish Bounce Preference:The price is on a downtrend and could fall to the pivot point at 189.989, the pullback support that aligns closely with the 50% Fibonacci retracement. Price could bounce off the pivot and rise to the 1st resistance at 191.277, the swing-high resistance. Alternative scenario:Price could breakout […]
US Data Due The US Dollar continues to trade in a very tight range ahead of today’s US ISM services PMI. Price action in DXY has stagnated over the last week in response to a slew of weaker-than-forecast data which seems at odds with the Fed’s message over keeping rates in restrictive territory. A sharp […]
TitleGBPUSD H1 | Bearish reversal TypeBearish Drop Preference:Price is currently at the pivot point of 1.273 a swing-high resistance. A reverse from this level could lead the price to fall to 1st support at 1.2643, a pullback support level. Alternative scenario:If the price breaks above the pivot, it could rise to 1st resistance at 1.2672, […]
TitlePotential Bullish Bounce TypeBullish Bounce Preference:Price could fall towards the pivot point of 84.045 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price up to its 1st resistance at 84.955 which is a pullback resistance level. Alternative scenario:If price breaks […]
The price of Ethereum is hitting the yearly maximum points again. The asset’s price might potentially rebound to the broken psychological level of 3000 and rise. Hence, it would be important to follow the candlestick formations to forecast the upcoming price movements. The price of gold rebounded from the broken downtrend and supporting zone and […]
TitleFalling to Pullback Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 22.986 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 23.241 which is a pullback resistance level. Alternative scenario: If price breaks below the pivot point, […]
Loonie on Watch USDCAD is pushing higher today, with the pair testing above the bear trendline and prior 2024 highs, despite the weakness in USD. Concerns over the sustainability of the current risk rally are seeing some unwinding of CAD longs. Traders are also bracing for two sets of key US and Canadian data later […]
EZ CPI Beats Forecasts The latest set of eurozone inflation data today told a familiar tale. The flash eurozone CPI estimate for February came in at (headline) 2.6% vs 2.5% expected with core also seen at 3.1%, above the 2.9% the market was looking for. As we’ve seen in the US and UK recently, a […]
Core PCE Rises The US Dollar is catching a bid ahead of the weekend following yesterday’s data. The core PCE price index was seen rising to 0.4% from the prior month’s 0.1% reading. Given that the data is used by the Fed as a key inflation gauge, the release is seen as further evidence that […]
Copper Sinking Copper prices are turning lower once again as we head into the weekend. The current sell-off comes on the back of the latest set of Chinese economic data overnight. The China manufacturing PMI was seen falling deeper into negative territory last month at 49.1 down from 49.2 prior and expected. With the factory […]
