TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.3656 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.3728 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.3627 which is a pullback support that aligns close to the 78.6% Fibonacci retracement level.To discuss this trading idea, head over to Tickmill Traders Club where ..read more

TitleXAUUSD H4 I Bearish breakoutTypeBearish BreakoutPreference:Price is falling toward the pivot point of 2302. A break of the pivot could lead the price to drop to 1st support at 2262,  which is a pullback support level close to 161.8% Fibonacci extensionAlternative scenario:If the price bounces off the pivot, it could rise to 1st resistance at 2342 an overlap resistance level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts ..read more

TitleRising towards 61.8% Fibonacci ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6544 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.6486 which is an overlap support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 0.6561 which is a pullback resistance level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to o ..read more

As of now, the price of Ethereum is undergoing a downward correction following Bitcoin. It is currently testing the level of 30000. However, the price of this asset might eventually target the level of 2716, gain the required support, rebound, and rise. So, let’s observe what the next price movement of this asset might be.The price of the American stock index S&P500 is trying to correct after a recent drop. It has already tested the maximum points around the level of 5265 and dropped. The asset’s price might approach the level of 4680 and potentially get the needed support.The price of the ..read more

Daily Market Outlook, April 24, 2024Munnelly’s Macro Minute…“Tesla Short Squeeze On Expected Earnings Miss, Meta On Deck Later”On Wednesday, Asian stock markets are experiencing widespread gains, following positive sentiment in global markets. This comes after data showed a slowdown in U.S. manufacturing activity for April, leading to speculation that the US Fed may consider lowering interest rates. Traders are also taking advantage of lower stock prices following recent sell-offs. Traders are now looking forward to upcoming economic data, such as the release of first-quarter U.S. GDP figures ..read more

TitleEURUSD H4 | Bullish bounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.0679, a pullback support A bounce from this level could lead the price to rise to 1st resistance level at 1.073, an overlap resistanceAlternative scenario:If the price breaks below the pivot, it could fall  to 1st support at 1.0632, a multi swing low  levelTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts ..read more

TitleFalling to Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 87.98 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 90.16 which is a swing-high resistance level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 86.08 which is a pullback support level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts ..read more

TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 26.84 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 28.11 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 26.26 which is a pullback support that sits below the 61.8% Fibonacci retracement level.To discuss this trading idea, head over to Tickmill Traders Club where you ..read more

Crude Caught in BetweenOil prices continue to battle it out around the 82.59 level. Following a correction lower over the last two weeks, price has been attempting to get back above the level in recent sessions. Volatility around developments in the Middle East remains a key driver, as does the shifting Fed outlook and movements in USD.Middle East ImpactIn the Middle East, fading fears around Israel-Iran conflict have seen oil prices softening recently. With Israel taking limited retaliatory action against Iran, and Iran subsequently confirming they have no plans for further attacks, the situa ..read more

ETH Pushing Back UpEthereum prices remain in the green today with ETH futures continuing their recovery rally off the recent drop down towards 2800. For now, the market is down around 23% from the highs posted in March. However, the move lower has been conventionally corrective in nature so far, suggesting that the broader bullish bias remains. The market held the retest of the broken bull channel highs with the current correction framed by a contracting triangle pattern (can be viewed as a bull flag) suggesting an eventual break higher remains the preferred play for now.Broader Crypto MovesIn ..read more