Tag: tickmill

TitleEURUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.06754 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.05978 which is a support level that […]

Daily Market Outlook, September 22, 2023 Munnelly’s Market Commentary…  Asian equity markets showed a mixed performance overnight. The Bank of Japan (BoJ) made no changes to its monetary policy in its latest update. BoJ Governor Ueda’s post-announcement comments did not signal an imminent rise in interest rates. Before the meeting, Japan’s finance minister had issued […]

TitleDE30EUR H4 | Rising into 23.6% Fibo resistance TypeBearish Reversal Preference: Price is rising towards the pivot point of 15562.55 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 15448.71 which is […]

TitleNZDUSD H4 | Bearish reversal off 50% Fibo? TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.59399 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.58807 which is a […]

As expected, the Bank of Japan today left its interest rate unchanged at -0.1%. The accompanying statement remained virtually unchanged: the central bank reassured that it could raise the rate once suitable conditions emerge or ease its policy if its long-term inflation target again becomes a remote prospect. Therefore, the impact on the yen was […]

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The price of silver is slowly rebounding back to the downtrend. The asset’s price might potentially rebound again at the crossing point of the downtrend and resistance level of 25.00 and drop. Hence, you could follow the price movements and candlestick formations next to the abovementioned levels. Let’s observe what might happen next. The currency […]

BOJ Holds Steady The Japanese Yen has come under fresh selling pressure today on the back of the September BOJ meeting yesterday. The Bank of Japan held rates unchanged at yesterday’s meeting, in line with expectations. Explaining its decision, the bank cited the “extremely high uncertainties” facing both the domestic and global economy and noted […]

Oil Turning Higher Again Following a brief correction lower from YTD highs, crude oil prices are turning higher again into the end of the week. The move comes on the back of the news that Russia has announced restrictions on the export of diesel and gasoline. The ban on exports takes another 3.4% off the […]

BOE Catches Market Off-Guard GBP continues to trade sharply lower on Friday following the latest BOE rate decision. The bank opted to keep rates on hold yesterday, pausing a 15-month tightening cycle and catching the market slightly off guard. Traders had been expecting one further hike yesterday. However, in response to the steady decline in […]