Tag: tickmill

Oil Traders Cut Longs Last Week The latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions last week. Total upside exposure was cut to 252k contracts from around 273k contracts prior. The downward reduction reflects a renewed sense of caution in the market amidst news of fresh lockdowns in […]

The dollar index sank 1% while S&P 500 approached 4100 points following Powell’s speech on Wednesday, which the market interpreted as an acknowledgement that the pace of rate hikes will be slowed down in December. U.S. bond yields edged down by about 20 bp, reflecting a growing consensus that the Fed will raise interest rates […]

NZDUSD, NZDCAD & GBPUSD Trade To Targets, What Next? Source: Tickmill

USD Slides As Powell Greenlights Smaller December Hike The US Dollar has come under heavy selling pressure today following a dovish set of comments from Fed’s Powell yesterday. Speaking at the Brookings Institute, Powell told audience members that the Fed agreed that a smaller pace of rate hikes would be appropriate from as early as […]

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 […]

Daily Market Outlook, December 1, 2022  ‘Powell Points To Moderating The Pace Of Rate Rises, Santa Rally To Start?’ Asian equity markets took their lead from the late surge on Wall Street, Fed Chair Powell delivered a speech on the economy, inflation and employment, during which he suggested it made sense to consider slowing the […]

Type: Bullish Continuation Key Levels:Resistance:3.9600Pivot:3.6885Support:3.5545 Preferred Case:Looking at the H4 chart, my overall bias for HG1! 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 continue heading towards the resistance at 3.9600, where the previous swing high is. […]

Type: Bullish Continuation Key Levels:Resistance:1.05090Pivot:1.01315Support:1.03600 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 1.05090 where the […]

Technical Trade Set Ups For Meta, Microsoft & Nvidia Source: Tickmill

Type: Bearish Continuation Key Levels:Resistance: 2454Pivot:2597Support:2355 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 towards the support at 2355, where the previous swing low is located. Alternative Scenario:Price […]