Tag: tickmill

TitleGBPUSD H4 | Falling from a pullback resistance? TypeBearish Reversal Preference:Price is rising toward our pivot point of 1.24444, which serves as a pullback resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.23337, an overlap support level. Alternative scenario:However, if the price breaks above the […]

Daily Market Outlook, September 15, 2023 Munnelly’s Market Commentary…  Asian equity markets posted gains as they followed the positive global trend driven by robust U.S. economic data, a dovish rate hike by the European Central Bank (ECB), and the People’s Bank of China’s (PBoC) cut in the Reserve Requirement Ratio (RRR). Additionally, better-than-expected Chinese economic […]

DXY Breaks Out The US Dollar broke out to its highest levels since March yesterday as the latest round of US data added further uncertainty to the Fed outlook. August retail sales were seen coming in above forecasts with the headline reading printing 0.6%, well above the 0.1% the market was looking for. Similarly, the […]

TitleNZDUSD H4 | Approaching Fibo resistance confluence TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.59508 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and the 100.0% Fibonacci projection levels and could potentially reverse from here; we could see momentum carry price down to its 1st support at […]

TitleAUDUSD H4 | Rising into Fibo confluence TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.64886 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and 127.2% Fibonacci projection levels and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64105 […]

ECB Signals End to Tightening EUR came under heavy selling pressure yesterday, despite hiking rates by a further .25%. The majority of market players had been anticipating a pause from the ECB, making the hike something of an outlier. Despite the further .25% increase, the bank gave a firm signal that this should be the […]

TitleXAUUSD H4 | Reacting off 50% Fibo? TypeBearish Reversal Preference:Price has just reacted off our pivot point of 1915.48, which serves as an overlap resistance level that aligns with a 50% Fibo retracement.  A reversal from this point could lead the price to drop to the 1st support at 1903.843, a support level. Alternative scenario:However, […]

Testing Key Area EURAUD is at a crossroads here on the back of the sell off from YTD highs. The market has corrected around 3.5% lower from those 1.74 area highs and is now testing the bull channel lows. EUR has come under heavy selling pressure over recent weeks as a shift in ECB expectations […]

TitleUSDCAD H4 | Falling to overlap support TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.35019 which is an overlap support and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35937 which is an overlap resistance level. Alternative scenario:If price breaks below the […]

Consumer inflation in the United States in August came in slightly above expectations, as indicated by the report released on Wednesday. Core inflation, which excludes items or services with volatile prices, reached 0.3% for the month. While the deviation from the forecast (0.2% MoM) is not significant, it is likely enough to prompt the Federal […]