Tag: tickmill
TitleGBPUSD H4 | Reacting off 1st resistance? TypeBearish Reversal Preference:Price has just reacted off our pivot point of 1.26525 , which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.24576, a multi-swing low support level. Alternative scenario:However, if the price breaks […]
Daily Market Outlook, September 12, 2023 Munnelly’s Market Commentary… Asian equity markets exhibited a mixed performance as the region adopted a cautious stance, lacking any fresh macroeconomic catalysts, and with market participants preparing for the release of U.S. Consumer Price Index (CPI) data scheduled for midweek. The Nikkei 225 index showed a gain of 0.6%. […]
TitleUS30USD H4 | Bearish reaction off 50% fibo? TypeBearish Reversal Preference: Price is approaching our pivot point at 34695.5, which is a pullback resistance level, aligning with the 50% fibo retracement. If price closes below this pivot point, then we can expect price to fall to the 1st support at 34274.4, which is an overlap […]
Monday began with a weakening of the dollar, thanks to two powerful signals from central banks in Asia: China and Japan. The head of the Bank of Japan, Ueda, stated that conditions are gradually emerging to shift monetary policy from easing to tightening. In particular, wages are rising steadily, which is typically seen as a […]
JPY Rallying The Japanese Yen is starting the week on a stronger footing following hawkish comments from BOJ governor Ueda to the Yomiuri newspaper. Ueda signalled that the bank would likely have enough information by year end to determine whether wages would continue to rise. The bank has previously cited this as key in deciding […]
Tesla Rallying on Monday Shares in Tesla are trading higher ahead of the open on Monday. The move comes amidst a surge of optimism linked to the Tesla Dojo supercomputer. The computer system runs computer vision video processing and recognition and will be used to train AI systems for the company’s self-driving vehicles. Tesla has […]
Dollar Stalls on JPY Drive The US Dollar is starting the week under pressure. The DXY has fallen around 0.6% from last week’s highs across early European trading on Monday. Hawkish comments from BOJ’s Ueda have fuelled a narrowing of the US/Japan yield spread which is driving JPY high, weighing on the Dollar. The main […]
TitleGBPJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference:Price is reacting to our pivot point at 182.91, which is a pullback support level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. If price closes above the pivot point, then price could rise towards the 1st resistance at 184.19, which is a […]
TitleEURUSD H4 | Bouncing off support level? TypeBullish Bounce Preference: The price is declining toward our pivot point of 1.06897. A bounce from this level could lead the price to rally toward the 1st resistance at 1.07381 which is an overlap resistance level Alternative scenario:However, if the price breaks below the pivot, it might decline […]
Daily Market Outlook, September 11, 2023 Munnelly’s Market Commentary… Asian equity markets displayed a mixed performance driven by rising yields, triggered by comments from BoJ Governor Ueda. Ueda mentioned the possibility of having enough data by year-end to decide on ending negative interest rates, emphasising a smooth exit strategy. This led to varied outcomes in […]