Tag: tickmill
TitleAUDUSD H4 | Falling to pullback support TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.63998 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.64569 which is a swing-high resistance that aligns with a confluence of Fibonacci […]
BOE Shift Slams Pound GBP remains the weakest among the G10 FX bloc as we start the new week. Sentiment in the Pound has undergone a significant shift in recent weeks with GBP now the worst performer across Q3 as a whole. A solid downturn in inflation over recent months had seen traders scaling back […]
JPY in Focus The Japanese Yen continues to weaken across early European trading on Monday. The continued decline of the Yen is once again stoking intervention speculation. With USDJPY now trading well above the 145 level at which the BOJ intervened last year, traders are wary of possible forthcoming action from the bank. However, speaking […]
Gold rebounded from the downtrend. Currently, it is trying to enter the supporting zone formed between levels 1900 and 1913. The asset’s price is likely to test this zone, rebound, and jump to break the downtrend and test the resistance level of 1980. American stock index S&P500 is now testing the supporting level of […]
TitleUSDCAD H4 | Rising towards swing-high resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.35202 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.34234 which is a swing-low support level. Alternative scenario:If price breaks above the pivot […]
TitleEURJPY H4 | Bearish reaction off 78.6% fibo? TypeBearish Reversal Preference: Price is approaching our pivot point at 158.49, which is a multi-swing high resistance level, aligning with the 78.6% fibo projection. If price reacts bearishly, price could fall to the 1st support level at 157.16, which is a swing low support level. Alternative scenario:If […]
The new week has kicked off with an unexpected twist for US long-term Treasury bond holders. Amidst a fresh sell-off on Monday, yields on 10-year Treasury bonds surged past 4.5%, setting a new high. Short-term bonds, however, didn’t experience the same level of pressure, with the yield on two-year bonds retreating slightly from its recent […]
Daily Market Outlook, September 25, 2023 Munnelly’s Market Commentary… Asian equity markets traded with a mixed tone, mostly leaning towards the negative side due to a lack of significant catalysts over the weekend and concerns about Chinese developers. The Nikkei 225 outperformed, driven by hopes of stimulus measures in Japan. The government is considering offering […]
USD Strength Weighs on Tesla Shares in Tesla are trading lower ahead of the open today with the stock now down more than 13% from September highs. Sentiment has weakened recently in line with the broad risk off moves we’ve seen across US stock markets. An uptick in Fed tightening expectations has weighed heavily on […]
TitleXAUUSD H4 I Reacting off resistance level? TypeBearish Reversal Preference:The price is rising toward the pivot point in 1928-1930, which aligns with the 50% Fibo retracement level. A reverse from this level could lead the price to fall the 1st support at 1915.428, which is an overlap support Alternative scenario:However, if the price breaks above […]