Tag: tickmill
Greenback continues to gain more ground thanks to a “welcomed” mix of geopolitical instability and increasing policy lag between the Fed and other major central banks. Even though the market positioned itself for a “worst-case” meeting scenario, the Fed managed to surprise even hawks with its updated dot plot projections. They indicated sharp revisions in […]
Type: Bullish Rise Key Levels:Resistance: 147.900Pivot: 144.275Support: 141.100 Preferred Case:On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 144.275 to the 1st resistance at 147.900 where the 127.2% fibonacci extension is. Alternative Scenario:Alternatively, price could break […]
Type: Bullish Rise Key Levels:Resistance: 147.900Pivot: 144.275Support: 141.100 Preferred Case:On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 144.275 to the 1st resistance at 147.900 where the 127.2% fibonacci extension is. Alternative Scenario:Alternatively, price could break […]
Daily Market Outlook, September 21, 2022 Overnight Headlines Putin Mobilises More Troops, Says West Wants To Destroy Russia Putin Warns Nuclear Response In Threat To Russian Territorial Integrity Fed Set To Hike By 75 Basis Points, With More To Come US Dollar Ascendant As Investors Gear Up For Fed Currency Volatility Surges In Options Market […]
Type: Bullish Rise Key Levels:Resistance: 710.4Pivot: 699.4Support: 679.25 Preferred Case:On the H4, price has bounced off the second support at 668.25 which is at the 78.6% Fibonacci retracement line and went above the first support at 679.25. Price has also gone above the ichimoku cloud which indicates a bullish bias. Looking for price to continue […]
Type: Bullish Rise Key Levels:Resistance: 8.440Pivot: 7.630Support: 6.965 Preferred Case: On the H4, price has bounced off the 127.2% extension levels forming a triple bottom. We have a bullish bias that the price may rise from the pivot at 7.630, which is in line with the 50% fibonacci retracement to 1st resistance at 8.440, where […]
Type: Bullish Drop Key Levels:Resistance: 8.315Pivot: 7.7151st Support: 7.3652nd Support: 5.360 Preferred Case:On the H4, the price is showing a shoulder head pattern and below ichimoku cloud , if the pattern is confirmed, we would have a bearish bias that the price may drop from the pivot at 7.715, which is in line with the […]
Type: Bullish Drop Key Levels:Resistance: 20.915Pivot: 19.700Support: 17.375 Preferred Case:On the H4, with the price is moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the pivot at 19.700, which is in line with the pullback resistance, 78.6% fibonacci projection and 23.6% fibonacci projection to […]
And finally, the day of the FOMC meeting arrived. Over the past few meetings, the Fed has been raising rates at the fastest pace in decades, but even so, the market is speculating about the possibility of a 100 bp rate hike, so the 75 bp scenario may even lead to a rebound in risk […]
Type: Bullish Rise Key Levels:Resistance: 1506’2Pivot: 1489’0Support: 1472’0 Preferred Case:On the H4, with the price is moving above the ichimoku cloud and ascending trendline, we have a bullish bias that the price may rise from the pivot at 1489’0, which is in line with the overlap resistance, 78.6% fibonacci retracement to the 1st resistance at […]