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Technical Trade Set Ups For SP500, DAX, TLT & EURUSD Source: Tickmill

Type: Bearish Momentum Key Levels:Resistance:745.500Pivot:613.250Support:665.000 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the the support level at 665.000, where the 78.6% Fibonacci line is. Alternative […]

GBPUSD, “Great Britain Pound vs US Dollar” The pair is correcting inside a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2045 is expected, followed by growth to 1.2735. An additional signal confirming the growth will be a bounce […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI has bounced off the support line. Currently, we should expect a test of 8/8 (0.6835), a breakaway of it, and growth to the resistance level of +1/8 (0.6958). The scenario […]

Type: Bearish Drop Key Levels:Resistance: 2500Pivot: 2422Support: 2275 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the pivot at 2422, where the 50% Fibonacci […]

 Stocks Held Up Between Opposing Factors  Risk markets have had a tricky start to the week with traders caught between two opposing market forces. On the one hand, a stronger USD and higher yields is acting as a headwind to asset prices. However, growing optimism around easing covid restrictions in China is helping underpin sentiment. […]