Tag: tickmill

Technical & Trade View AUDCAD Trade View Bias: Bullish Above Bearish below .8830 Technicals Primary support is .8830, watch for bullish reversal patterns here Primary upside objective .9070 Next pattern confirmation, acceptance above .8980 Failure below .8830 opens a test of .8780 20 Day VWAP bullish, 5 Day VWAP bearish Institutional Insights Analysts at Credit […]

Technical & Trade View SP500 e-mini futures, continuous front month contract Trade View Bias: Bullish Above Bearish below 3857/46 Technicals Primary support is 3857/46, watch for bullish reversal patterns here Primary upside objective 4128 Next pattern confirmation, acceptance above 4000 Failure below 3846 opens 3750 20 Day VWAP bullish, 5 Day VWAP bearish Institutional Insights […]

Type: Bearish Momentum Key Levels:Resistance:675.00Pivot:661.50Support:654.75 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head towards the pivot at 661.50 where the 20% Fibonacci line is located. Alternative […]

Daily Market Outlook, November 21, 2022  Overnight Asian markets traded down overnight, reports of a sharp increase in Covid deaths and soaring cases across China, have led to increased probabilities of a return to strict Covid restrictions in the country. More broadly, markets remain concerned about the global background of tighter monetary policy continuing to […]

Earnings Rise, Revenues Miss Shares in Chinese tech giant Alibaba are trading a little lower ahead of the open today. The move comes after a strong upward move last week in response to the group’s Q3 earnings. Alibaba reported Q3 EPS of $1.81 vs $1.68 expected. However, revenues came in a little weaker than forecast […]

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 momentum continues, expect price to possibly towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is. Alternative Scenario:Price may fall back […]

Aussie Slips on Fresh USD Rally The failure at the bear channel top in the Aussie runs the risk of seeing the current 2022 downtrend continue. The Aussie was one of the key beneficiaries of the move lower in USD over the last fortnight and the recent rebound has weighed sharply on AUD, fuelling a […]

Type: Bearish Momentum Key Levels:Resistance: 1433.75Pivot:1409.75Support:1391.75 Preferred Case:We have a bearish bias on the H4 chart. In addition, price is 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 […]

Metals Melting Down as USD Bounces Back  A disappointing start to the week for metals traders as both gold and silver come under heavy selling pressure. Both metals had been firmly higher on the back of the October US CPI report which fuelled expectations of a smaller December hike from the Fed, seeing USD unwind […]

Technical & Trade View TLT iShares 20+ Year Treasury Bond ETF Trade View 101.13 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 99.00 Technicals Primary support is 99.00 Primary upside objective 102.85 Next pattern confirmation, acceptance above 101.50 Failure below 99.00 opens a test of 97.90 20 Day VWAP bullish, 5 Day VWAP […]