Tag: tickmill
TitleEURJPY H4 | Potential bearish reversal TypeBearish Reversal Preference: Price is rising towards the pivot point of 158.26 which is a pullback resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 156.698 which is an overlap support level. Alternative scenario: If price breaks above […]
Daily Market Outlook, October 11, 2023 Munnelly’s Market Commentary… Asian equity markets followed the positive global sentiment driven by recent dovish comments from the Federal Reserve and optimism regarding potential stimulus measures in China. The Nikkei 225 gained, briefly surpassing the 32k handle. Hang Seng and Shanghai Comp. also traded higher, with expectations of increased […]
TitleEURUSD H4 | Bearish reversal off pullback resistance TypeBearish Drop Preference: Price has reversed from a pullback resistance and we could see momentum carry price down to its 1st support at 1.04934 which is a pullback support level. The pivot point is at 1.06014. Alternative scenario:If price breaks above the pivot point, it could hit […]
TitleUSDJPY H4 | Rising into resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 149.427 which is a pullback resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 148.162 which is a pullback support level. Alternative scenario:If price breaks above the pivot […]
The wave of risk aversion on Monday, following the tragic events in Israel, is gradually fading away. There appears to be a growing market consensus that the conflict will remain local, and third-party countries won’t get involved. The market’s reaction on Monday still lingers in the oil market; prices are hesitant to drop after surging […]
TitleBCOUSD H4 | Bullish bounce off 50% Fibo? TypeBullish Bounce Preference:Price is falling towards the pivot point of 87.034 which is an overlap support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 90.134 which is a pullback […]
Daily Market Outlook, October 10, 2023 Munnelly’s Market Commentary… Asian equity markets opened the week on a mostly positive note as markets returned from the long weekend. This positive sentiment was influenced by the recovery seen on Wall Street, partly due to dovish-leaning comments from Federal Reserve officials. The Nikkei 225, returning from the holiday […]
TitleUSDCAD H4 | Rising into resistance TypeBearish Reversal Preference: Price is rising towards the pivot point of 1.36122 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.35549 which is a level that […]
TitleGBPJPY H4 | Bearish reversal off pivot? TypeBearish Reversal Preference:Price is rising towards our pivot point at 182.92, which is a multi-swing high resistance level. If price rejects our pivot point, then price could fall to the 1st support at 181.09, which is a a pullback support and at the 38.2% fibo retracement. Alternative scenario:If […]
TitleDE30EUR H4 | Bearish reaction off 61.8% fibo? TypeBearish Reversal Preference: Price is approaching our pivot point at 15281.4, which is an overlap resistance, aligning with the 61.8% fibo retracement and 78.6% fibo projection. If price rejects our pivot point, then price can head towards the 1st support at 15083.9, which is a swing low […]