Tag: tickmill
CADJPY Sell Off Continues CADJPY has been one of the best short plays of recent weeks, driven by weaker oil prices and a higher JPY. With global recessionary fears mounting as we push into the winter in the West, uncertainty around developing events in China, and a shift in USD outlook, JPY has emerged as […]
NFP Up Next All eyes are on the latest set of US labour reports today. With the US Dollar heavily sold in the run up to the release, expectations are primed for further USD sales into the weekend. Indeed, on the back of dovish comments from Fed’s Powell earlier this week and with core PCE […]
Another batch of US macroeconomic data pointed to an easing in inflation pressures while the consumer spending index (Core PCE) rose by 0.2% in October against the forecast of 0.3%. US equities rose after the report, dollar dipped while Treasury bond yields retreated even lower, to the lowest level since early October. After the speech […]
USDJPY Drop Deepens The holiday season is fast approaching but markets are showing little sign of slowing down. It’s been another busy week across the board with plenty of big moves and key developments to keep an eye on. However, chatting with traders ahead of the weekend, the move capturing the most attention appears to […]
Type: Bearish Momentum Key Levels:Resistance:1475.50Pivot:1409.75Support:1380.50 Preferred Case:We have a bearish bias on the H4 chart. In addition, price is crossing below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located. Alternative Scenario:Price may rise […]
Type: Bullish Continuation Key Levels:Resistance:1.06680Pivot:1.05085Support:1.03315 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly head towards the 1st resistance line at 1.06680 where the […]
Type: Bullish Continuation Key Levels:Resistance:2577Pivot:2422Support:2500 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 2577, where the previous high is. Alternative Scenario:Price […]
Weaker USD Boosts ETH With USD on the backfoot following dovish comments from Fed’s Powell yesterday, risk assets have seen a wave of demand. Better risk appetite has even found its way into the ailing crypto market. Digital assets have been rocked by a slew of negative publicity over recent months which has further dampened […]
Bitcoin has tested the flag and jumped above the level of 17000. The price of Bitcoin might potentially pull back from a very important resistance at the level of 18500 and drop. Should Bitcoin manage to break the level of 18500 through, it might jump again. So, let’s observe what is about to happen next. […]
Type: Bullish Continuation Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating a bullish market. If the bullish trend continues, price may move towards the 4173.25 resistance level , which contains the 78.6% Fibonacci Fibonacci line. Alternative Scenario:Price could retest the pivot […]