Tag: 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 […]

The intensifying yield curve inversion in the US (when short-dated bonds are cheaper than long-dated ones) and WTI price below critical $80 support level tell us that markets are becoming more worried about global demand prospects. The risks of an economic downturn in China due to restrictive Covid measures also affect investor sentiment, adding pressure […]

Technical & Trade View EURUSD Trade View Bias: Bullish Above Bearish below 1.0390 Technicals Primary support is 1.0390 Primary upside objective is 1.0620 Next pattern confirmation, acceptance above 1.0485 Failure below 1.03 opens a test of 1.0220 20 Day VWAP bullish, 5 Day VWAP bullish Today’s New York Cut Option Expiries: 1.0240-50 (2.4BN), 1.0250 (2.0BN), […]

Type: Bullish Rise Key Levels:Resistance:2506Pivot:2422Support:2280 Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is crossing back above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to head back up towards the 1st resistance at 2506 where the 23.6% Fibonacci line […]

Metals Under Pressure on Monday The metals market is seeing a rather lacklustre open to the week with both gold and silver under selling pressure across early European trading on Monday. A fresh uptick in the US Dollar is having a subduing impact on price action currently with the greenback drawing safe haven demand from […]

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 […]

Silver got back to the broken resistance area formed between levels 20.90 and 21.30 and then pulled back. Now, the price of silver has reversed towards the north, leaving behind the broken range. The asset is targeting the resistance at the level of 24.75. So, let’s see what is going to happen next. After a […]

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 […]

According to the Institute of International Finance (IIF), next year the world economy will grow by only 1.2%, that is, growth will be as weak as in 2009, and the eurozone economy will shrink by 2% due to the prolongation of the geopolitical conflict. Economists Robin Brooks and Jonathan Fortune made that forecast Thursday, adjusted […]

DXY rebounded from the short-term support area of 105.50 after the dip following the release of the FOMC Minutes. The bounce is more of a technical one as EURUSD formed a double top at the 1.0450 zone and GBPUSD pulled back, following the failed breakout of the 1.21 level: Investors brace for hawkish household consumption […]