Tag: tickmill

Gold broke the resistance at the level of 1735.00 and a very strong downtrend denoted by the blue line on the monthly timeframe. Currently, the asset’s price is trying to pull back to the broken trendlines. However, gold is likely to pull from the broken level and downtrend and jump. So, let’s observe what will […]

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 that the market is bullish . If the bullish momentum continues, price may move towards the 4173.25 resistance level , which is marked by the 78.6% Fibonacci Fibonacci line. Alternative […]

Daily Market Outlook, November 17, 2022  “Risk sentiment remains subdued as US yields firmed overnight, leading Asian equity markets lower. Fed speakers showed little signs of pivoting from the party line of higher rates for longer, their robust defense of their stance on rates was supported by another set of decent retail sales data, suggesting […]

After shedding 4% last week, greenback was offered support near the 106 level on DXY in the first half of this week and eventually rallied on Thursday: The rally was likely driven by US October retail sales report. Headline reading beat estimates (+1.3% MoM), core sales also rose faster than expected (+0.9% MoM). The solid […]

Oil Traders Increase Longs  The latest CFTC COT institutional positioning data shows that oil traders increased their net long positions last week, taking the total upside position to 274k contracts from 254k contracts prior. With this increase, oil upside exposure is now at its highest level since the first week of July. Disappointingly for bulls, […]

Biden Offers Reassurance Over China Perhaps the key takeaway from the G20 meetings so far has been the subtle scaling back of tensions between the US and China. Given the geopolitical tensions linked to the Russia-Ukraine conflict as well as the situation between China and Taiwan, this development has come at a good time and […]

The October US retail sales report beat expectations, monthly growth in nominal terms amounted to 1.3% against 1% forecast. Excluding volatile components (fuel, cars), growth amounted to 0.9% against 0.2% forecast. The dollar rallied on the news, but trimmed down gains later, as markets apparently priced in a recovery in risk appetite on a favorable […]

Type: Bearish Momentum Key Levels:Resistance:671.75Pivot:661.50Support:632.50 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 possibly head towards the support line at 632.50 where the 50% fibonacci line is located. Alternative […]

Type: Bullish Momentum Key Levels:Resistance:1.06680Pivot:1.01265Support:1.03965 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud and breaking the descending trendline, indicating a bullish market. If the bullish momentum continues, price may head towards the resistance at 1.06680, where […]

Technical & Trade View AUDUSD Bias: Bullish Above Bearish below .6650 .6760 Target Achieved, New Pattern Emerging Technicals Primary support is .6650 Primary upside objective is .6900 Next pattern confirmation, acceptance above .6775 Failure below .6620 opens a test of .6550 20 Day VWAP bullish , 5 Day VWAP bullish Today’s New York Cut Option […]