Tag: tickmill
TitleEURUSD H4 | Bouncing off Fibo confluence? TypeBullish Bounce Preference:The price is currently at the pivot point at 1.0456, which aligns with 127.2% Fibo extension and 61.8% Fob projection. A bounce from this level could lead the price to rally toward the 1st resistance at 1.05757, which is an overlap resistance. Alternative scenario:However, if the […]
Aussie Drops Following RBA Hold The Australian Dollar has turned sharply lower on Tuesday following the latest RBA meeting overnight. The bank was seen keeping its headline policy rate on hold at 4.10%, despite some speculation that it might opt for a further increase. The RBA noted that “Recent data are consistent with inflation […]
Gold Prices Break Lows Gold prices have come under fresh, heavy selling pressure on Monday as traders continue to digest the latest outlook from the Fed. With rates now pegged to rise further while also staying at higher levels for longer, the USD outlook has shifted higher. With yields rising, gold prices have seen a […]
The dollar has resumed its rally after a pullback to the 105.50 area in the second half of last week amid a bullish retracement in the stock market, largely driven by profit-taking actions. The dollar index crossed the 106.50 mark on Monday. From a technical analysis perspective, the primary setup for DXY right now is […]
TitleUSDJPY H4 | Falling to support level? TypeBearish Reversal Preference:Price has just reacted off our pivot point of 149.729, which serves as a swing-high resistance level. A reversal from this point could lead the price to drop to the 1st support at 148.864, an overlap support level Alternative scenario:However, if the price breaks above the […]
TitleDE30EUR H4 | Bearish reversal off 61.8% fibo? TypeBearish Reversal Preference: Price could continue rising towards the pivot point at 15574.3, which is an overlap resistance level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. We can expect price to react bearishly, to fall to the 1st support at 15401.7, which is a […]
JPY Sell-Off Continues USDJPY is trading at 11-month highs following early buying in the European session on Monday. The market is now fast approaching a test of the 2022 highs around 151.81. Despite speculation earlier in the year around potential BOJ intervention, the central bank has yet to take any actions to help strengthen JPY. […]
Daily Market Outlook, October 2, 2023 Munnelly’s Market Commentary… Asian equity markets saw mixed trading as the region was significantly affected by holiday closures. The Nikkei 225 initially showed gains, but it later pulled back, slipping below the 32,000 level. The Hang Seng and Shanghai Composite were closed for the National Day Golden Week celebrations, […]
BTC Soaring Crypto bulls are proclaiming the start of ‘Uptober’, considering the moves we’re seeing across the space today. BTC and ETH are both surging higher with BTC up around 6% since the Asian open last night. Prices remain well bid through early European trading on Monday with around $70 million worth of shorts said […]
Bitcoin has tested the supporting level of 25000. Currently, the asset’s price is trying to jump. It broke the local downtrend to rise without obstacles. Bitcoin might not only break the resistance level of 29000 but also hit the level of 30000 next. So, let’s observe whether it might happen. Gold broke the supporting zone […]