Tag: tickmill

Type: Bearish Momentum Key Levels:Resistance:1484.50Pivot:1409.75Support:1431.50 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the support line at 1431.50 where the 50% Fibonacci line is located before […]

Copper Climbs Above Bear Channel  The sharp drop in USD last week has fuelled noteworthy moves across markets. Commodities markets have benefitted strongly from a weakness in USD, as evidenced by the rally we’ve seen in copper. Following heavy sideways action since early July, copper futures broke out to their highest level since June last […]

Technical & Trade View USDCAD 1.3330 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 1.3410 1.3330 Target Achieved, New Pattern Emerging Technicals Primary resistance is at 1.3410 Primary pattern objective is 1.3165 Acceptance below 1.3230 next pattern confirmation Acceptance above 1.3430 opens a test of 1.35 20 Day VWAP bearish , 5 Day […]

FX Reversals Underway Last week’s sudden drop in the Dollar has proved highly fertile for reversal traders in FX. Across the board we’ve seen USD-counterparts rallying firmly. For technical traders, these moves looked well signalled given the basing action and momentum divergence we’ve seen in pairs such as EURUSD, GBPUSD, AUDUSD and (on the other […]

Gold broke the key resistance level of 1735.00, which also offers the required support. The asset is likely to pull from this level and jump to the level of 1800. American stock index S&P 500 broke the level of 3900. Currently, this asset is heading north. The index might potentially pull back from the crossing […]

Daily Market Outlook, November 14, 2022 “Markets open the week on a slightly more cautious footing, comments from Fed member Waller cooled risk appetite as the Fed policymaker suggested that equity markets had over reacted to the inflation print as interest rates still had further to go to combat inflationary pressures. The outlier in Asian […]

Metals Rally As USD Drops Last week was an important week for the metals market with both gold and silver seeing strong gains amidst the deepening USD correction we saw. Gold prices are now sitting around 10% off the year’s lows with silver prices up more than 20%. Last week, the big catalyst for the […]

Investors dumped dollar on Thursday after an unexpected dovish surprise in US inflation and against the backdrop of the easing of covid restrictions in China. Today, the greenback slide continued. Nevertheless, it is still not known how the Fed’s stance has changed after the release of the inflation report, because one month is not enough […]

Brent futures rose by more than 2.5% on Friday after China announced the easing of its COVID Zero strategy. Such a move by the world’s largest oil importer could lead to increased local and international travel and could lift demand for commodities in the country. According to the National Health Commission, China has reduced the […]

Weekly Live Market & Trade Analysis Watch yesterday's live market and trade analysis session here and see how I see how I guided traders ahead of the CPI release, I provided clear technical set ups that played out perfectly! Markets are moving, join me every Thursday for 'Real Time Actionable Analysis' on over 20 charts, […]