Tag: tickmill

Daily Market Outlook, September 19, 2023 Munnelly’s Market Commentary…  Asian equity markets mostly traded lower, mirroring the flat performance in the United States. The lack of significant catalysts and mounting caution ahead of upcoming central bank decisions contributed to the subdued market sentiment. The Nikkei 225 underperformed as recent regional losses caught up with the […]

TitleNZDUSD H4 | Rising into 50% Fibo resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.5937 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 0.58667 which is a pullback […]

TitleSPX500USD H4 | Bearish reaction off 61.8% fibo? TypeBearish Reversal Preference: Price could rise towards our pivot point at 4493, which is a pullback resistance level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. We can expect price to react bearishly, and if it does, it could fall back to the 1st support […]

TitleGBPUSD H$ | Bouncing off support level? TypeBullish Bounce Preference:The price has just bounced off the pivot point at 1.2375, which is a multi-swing low support level. A bounce from this level could lead the price to rise toward the 1st resistance at 1.24059, which is an overlap resistance. Alternative scenario:However, if the price breaks […]

BTC Bounces Back Following the heavy selling we saw across August, Bitcoin prices have turned higher in recent sessions. BTC futures have rallied off the September lows printed last week, trading higher by around 8.5% into the European morning on Monday. BTC came under fresh selling pressure last week amidst fears over the sale of […]

This week will witness meetings of several central banks from both developed and developing countries. Decisions on interest rates will be made by the Federal Reserve (Fed), the Bank of England, the Bank of Japan, the Central Bank of Brazil, the Central Bank of Turkey, and several European economies. Investors are struggling to shift their […]

The price of the currency pair EUR/USD touched the first and very important support at the level of 1.0635 and dived below this level at the end of Friday. Let’s observe what might happen at the beginning of the next trading week. The currency pair may potentially break this level and test the lower and […]

TitleEURJPY H4 | Bullish reversal off 61.8% fibo? TypeBullish Bounce Preference:Price could fall to our pivot point at 157.07, which is a pullback support level, aligning with the 61.8% fibo retracement. If price bounces off the pivot point, then price could rise towards the 1st resistance at 157.91, which is an overlap resistance level, aligning […]

TitleUS30USD H4 | Bullish bounce off 61.8% Fibo? TypeBullish Bounce  Preference: Price is approaching our pivot point at 34545.6, which is an overlap support level, aligning with the 61.8% fibo projection and slightly below the 61.8% fibo retracement. If price bounces off the pivot point, then price could head towards the 1st resistance level at […]

Daily Market Outlook, September 18, 2023 Munnelly’s Market Commentary…  Asian equity markets opened lower, following the declines on Wall Street from the previous Friday. Market sentiment remained cautious, as the week started with reduced trading activity due to a holiday in Japan. The Hang Seng and Shanghai Composite both started with declines, particularly in Hong […]