Tag: tickmill
In today’s European session, the EUR/USD pair finds itself teetering near the crucial support level of 1.0800, despite Eurozone inflation data exhibiting resilience beyond market expectations. Eurostat’s report reveals that the preliminary HICP for February increased by 2.6%, surpassing the anticipated 2.5%. However, this growth represents a deceleration from January’s 2.8%. The monthly HICP also […]
Daily Market Outlook, March 1, 2024 Munnelly’s Market Minute… “The Nikkei Opens The New Month With A Surge To Record Highs” The new month starts with Japan’s Nikkei Average hitting a new high above the 40K handle, following the S&P 500 and Nasdaq closing at record highs on Thursday, driven by tech stocks related to […]
TitleGBPJPY H4 | Bearish Drop TypeBearish Drop Preference:Price is currently at the pivot point of 189.87, an overlap resistance. A reverse from this level could lead the price to fall to 1st support at 188.93, an overlap support level. Alternative scenario:If the price breaks above the pivot, it could rise to 1st resistance at 190.80, […]
During Thursday’s European trading session, the Pound Sterling displayed a cautious performance against the US Dollar, showing modest declines as market attention remained fixed on the eagerly awaited release of the United States core Personal Consumption Expenditure Price Index (PCE) for January. Investors are eagerly awaiting this crucial data, as it plays a significant role […]
TitleUSDJPY H4 | Bearish Breakout TypeBearish Drop Preference:Price is currently at the pivot point of 149.84, a multi-swing low support level. A breakout from this level could lead the price to fall to 1st support at 148.77, a pullback support level Alternative scenario:If the price bounces the pivot, it could rise to 1st resistance at […]
TitleResistance Overhead TypeBearish Reversal Preference:Price could rise towards the pivot point of 0.65243 which is an overlap resistance level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64876 which is a pullback support level. Alternative scenario: If price breaks above the pivot point, it could hit […]
In the aftermath of the second US Gross Domestic Product (GDP) reading, the US Dollar (USD) finds itself off its intraday high, grappling with the nuanced implications of the unveiled data. While the headline GDP figure exhibited resilience, coming in just 0.1% softer than anticipated, concerns have been ignited by the performance of the Personal […]
TitleEURUSD H4 | Bullish Rise TypeBullish Bounce Preference:Price is falling toward the pivot point of 1.0782, a pullback support level. A reverse from this level could lead the price to rise to 1st resistance at 1.0829, a pullback resistance Alternative scenario:If the price breaks below the pivot, it could fall to 1st support at 1.0741. […]
TitlePotential Bullish Bounce of 50% Fibonacci Support TypeBullish Bounce Preference:Price could towards the pivot point of 1.35484 which is a pullback support that aligns with the 50.0% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35795 which is a pullback resistance level. Alternative […]
TitleApproaching Pullback Resistance TypeBearish Reversal Preference:Price could rise towards the pivot point of 0.65234 which is a pullback resistance level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64909 which is a pullback support level. Alternative scenario: If price breaks above the pivot point, it could […]
