Tag: tickmill

TitleGBPJPY H4 I Reacting off resistance? TypeBearish Reversal Preference: The price is rising toward our pivot point at 181.24, which is an overlapping resistance level aligned with the 61.8% Fibonacci retracement. A reversal from this point could lead to a drop in price to the 1st support at 179.48, which is a swing-low support level. […]

TitleEURGBP H4 I Bearish continuation expected? TypeBearish Reversal Preference:  The price is rising toward our pivot point at 0.86701, which is an overlapping resistance level. A reversal from this point could lead to a drop in price to the 1st support at 0.8633, which is an overlap support level. Alternative scenario: However, if the price […]

TitleBCOUSD H4 | Bearish momentum persists TypeBearish Reversal Preference:Price could rise towards the pivot point of 85.906 which is a pullback resistance and potentially reverse from here; we could see momentum carry price down to its 1st support at 83.087 which is a pullback support level. Alternative scenario:If price breaks above the pivot point, it […]

Daily Market Outlook, October 6, 2023 Munnelly’s Market Commentary…  Asian equity markets mostly traded with mixed results amid uncertainty in global markets. Japan’s Nikkei 225 showed slight gains, while Hong Kong’s Hang Seng outperformed due to strength in various sectors. Market sentiment remained cautious as investors awaited the release of the US Non-Farm Payrolls report, […]

TitleBCOUSD H4 | Rising into pullback resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 87.859 which is a pullback resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 85.881 which is a pullback support level. Alternative scenario:IIf price breaks above the pivot […]

TitleEURUSD H4 | Reacting off 61.8% Fibo? TypeBearish Reversal Preference: Price is rising toward our pivot point of 1.05502, which serves as a pullback resistance level aligning with the 61.8% Fibonacci. A reversal from this point could lead to a price drop to the 1st support at 1.04886,  an overlap support level. Alternative scenario: However, […]

The price of Bitcoin has tested the level of 28500. However, Bitcoin didn’t manage to hit the key levels of 29000 and 30000. The asset’s price might still retest the broken downtrend, rebound, and target the resistance area formed between levels 29000 and 30000. So, let’s observe whether this scenario might work out. The price […]

TitleUS30USD H4 | Heading into 23.6% Fibo resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 33263.89 which is a pullback resistance that aligns close 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 32829.28 which is a […]

TitleUSDJPY H4 | Downside confirmation? TypeBearish Reversal Preference: Price is currently at our pivot point at 148.5, which is a pullback resistance level. A reversal from this point could lead to a price drop to the 1st support at 147.753, a pullback support level. Alternative scenario:However, if the price breaks above the pivot, it might […]

Daily Market Outlook, October 5, 2023 Munnelly’s Market Commentary…  Asian equity markets mostly traded higher, finding relief as risk assets rebounded with yields retreating from recent highs after weak US ADP jobs data and a drop in oil prices. The Nikkei 225 led the gains, up 1.6%, breaking a five-day losing streak. Meanwhile, the KOSPI […]