Category: Technial Analysis
Type: Bullish Breakout Key Levels:Resistance: 26097.86Pivot: 24267.52Support: 22482.7 Preferred Case:On the H4, with price moving within a bullish channel and above the ichimoku indicator, we have a bullish bias that price might rise to our pivot at 24267.52 where the pullback resistance is. Once there is upside confirmation of price breaking pivot structure, we would […]
Daily Market Outlook, August 1, 2022 Overnight Headlines Fed’s Kashkari: Fed Committed To Slowing Inflation To 2% Goal BoE Set To Consider Biggest Rate Rise For More Than 25 Years Biden’s Covid ‘Rebound’ Case Keeps Him At White House Again House Speaker Pelosi Begins Asia Tour, No Mention Of Taiwan Midterm Misery For Biden As […]
Apple Rallies on Earnings Beat Shares in US tech titan Apple are trading higher today on the back of a solid set of Q2 earnings yesterday. Apple reported earnings per share of $1.20, just above the $1.16 Wall Street was looking for. Revenues were also higher at $82.95 billion versus $82.75 billion forecast. Along with […]
US Enters Technical Recession Markets received news yesterday that the US has unofficially entered recession following adv Q2 GDP contracting, marking a second quarterly decline. Following Q1’s 1.6% decline, Q2 was seen contracting 0.9% at first glance. Despite the implications, the new has been met with a seemingly counter-intuitive rally in US stock markets. However, […]
Annual inflation in the Eurozone in July accelerated to 8.9%, showed a report released on Friday. This is a new all-time high. In June, inflation was 8.6% and in May, 8.1%. Inflation in the Eurozone has been breaking the record for the ninth month in a row. In July, it beat consensus of 8.6% and […]
Type: Bullish Bounce Key Levels:Resistance: 1.23243Pivot: 1.21615Support: 1.2059 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 1.21615 where the pullback support is to the 1st resistance at 1.23243 where the swing high resistance and […]
Type: Bullish Rise Key Levels:Resistance: 0.63840Pivot: 0.63205Support: 0.62485 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 0.63205 where the swing high resistance, 127.2% fibonacci extension and 78.6% fibonacci retracement are. Once there is upside […]
Type: Bullish Rise Key Levels:Resistance: 0.0079195Pivot: 0.00765251st Support : 0.00749052nd Support: 0.0074080 Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 0.0076525 where the swing high resistance and 61.8% fibonacci retracement are. Once there is upside confirmation of price breaking […]
Type: Bullish Rise Key Levels:Resistance: 33463 Pivot: 32585Support: 31840 Preferred Case:On the H4, with price moving above the ichimoku cloud and in an ascending trendline on RSI, we have a bullish bias that price will continue to rise from the pivot at 32585 at the pullback support in line with the 78.6% fibonacci retracement to […]
Type: Bullish Rise Key Levels:Resistance: 1.07335Pivot: 1.05890Support: 1.04820 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 1.05890 where the swing high resistance and 78.6% fibonacci projection are. Once there is upside confirmation of price […]