Tag: tickmill
TitleGBPJPY H4 | Bearish reversal off 61.8% fibo? TypeBearish Reversal Preference:Price could rise towards our pivot point at 183.85, which is a multi-swing high resistance level, aligning with the 61.8% fibo projection. If price rejects our pivot point, then price could fall to the 1st support level at 182.29, which is an overlap support and […]
TitleBCOUSD H4 | Bearish reversal off 38.2% Fibo resistance TypeBearish Reversal Preference: Price is rising towards the pivot point of 88.744 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 85.624 which is […]
Daily Market Outlook, October 13, 2023 Munnelly’s Market Commentary… Asian equity markets faced headwinds from Wall Street, where headline CPI data exceeded expectations. The region also contended with softer-than-expected inflation and mixed trade data from China. The Nikkei 225 traded negatively, choppy price action initially stemmed the downside. Japan announced plans to release an economic […]
TitleUS30USD H1 | Bearish reversal off 61.8% fibo? TypeBearish Reversal Preference:Price is rising towards our pivot point at 33783.9, which is a swing high resistance level, aligning with the 61.8% fibo retracement and 100% fibo projection. Price could react bearishly, to fall to the 1st support level at 33494.4, which is a swing low support […]
TitleUSDJPY H4 I Falling from 127.2% Fibo? TypeBearish Reversal Preference: The price has just reacted off our pivot point of 149.76, 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 149.29, a pullback support level. […]
Gold is heading up. The asset rebounded from the supporting level of 1815.00. The price of gold might potentially rebound from the resistance area formed between levels 1900 and 1913 and drop. So, let’s observe if it is likely to happen. Currently, the American stock index S&Р500 is heading up. It might eventually rebound from […]
TitleUSDCAD H4 | Potential bearish breakout TypeBearish Breakout Preference: Price is falling towards the pivot point of 1.35768 which is a pullback support and could potentially break below this level; we could see momentum carry price down to its 1st support at 1.35248 which is a pullback support level. Alternative scenario:If price breaks above the […]
TitleNZDUSD H4 | Bullish bounce off overlap support TypeBullish Bounce Preference: Price is falling towards the pivot point of 0.60047 which is an overlap support that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.6057 which is […]
TitleGBPNZD H4 | Reversal of 50% Fibo resistance TypeBearish Reversal Preference:Price is trading close to the pivot point of 2.0418 which is a pullback 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 2.02752 which is a […]
On Wednesday, markets saw growing speculation that the Federal Reserve won’t be able to sustain high interest rates for an extended period. This is due to the recent surge in Treasury bond yields, especially the long-term ones, which inherently exerts a strong disinflationary effect. The Central Bank (CB) itself acknowledged this, and in a previous […]