News

The past week featured quiet volatility on FX and equity markets. The key gauge of US equity’s performance, the S&P 500, oscillated in a relatively narrow range (4050-3930) and is likely to end the week in the red. The price tested the 200-day moving average from the bottom up, but could not move much higher […]

Technical Trade Set Ups For Gold, USDJPY & AUDCAD Source: Tickmill

PPI In Focus Ahead of the November US CPI release next week and of course, the December FOMC, today’s US PPI release will be closely watched. The reading will be interpreted as an indicator of how CPI is likely to print next week with a strong reading raising the chances of a bounce back in […]

Type: Bullish Rise Key Levels:Resistance:2023.0Pivot:1945.0Support:1808.5 Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1945.0, where the 50% Fibonacci line is before heading towards the […]

The BTC is doing a good job. On Friday, it returned above 17,200 USD, resting now at 17,215 USD. The price range remains excessively narrow. However, the fact that the buyers had enough strength to return above the intermediate resistance level, opens a pathway to 18,500 USD. This way will be long, if it ever […]

Type: Bullish Rise Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bullish due to the current price approaching to cross above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to possibly head up towards the resistance at 4173.25, […]