Tag: tickmill
Metals Under Pressure Ahead of FOMC It’s been a soft start to the week for the metals market as fresh strength in USD sees gold and silver both sold over the European open on Monday. Traders’ focus this week will be fixed firmly on the FOMC on Wednesday. The US Dollar was seen back in […]
Type: Bullish Rise Key Levels:Resistance: 17425Pivot: 18560Support: 19370 Preferred Case:On the H4, price has broken the swing low, we’re looking for a break out of 18560 levels where the 61.8% projection sits. If bearish momentum continues, it should bring price to 17425 where the 78.6% projection sits Alternative Scenario:Alternatively, price could pull back to the […]
Risk Sentiment Suffers On Biden Coments Along with the current rally in USD, risk sentiment appears to be suffering at the start of the week on the back of comments made by President Biden. During an interview with CBS, when questioned over whether the US military would step in to defend Taiwan in the event […]
Type: Bearish Drop Key Levels:Resistance: 13399.43Pivot: 12437.6Support: 12123.93 Preferred Case:On the H4, with the price reflecting off the 61.8% Fibonacci retracement line and the price being below ichimoku cloud, we have a bearish bias that the price may break through the pivot line and tap onto the 1st support line which is at the 78.6% […]
Daily Market Outlook, September 16, 2022 Overnight Headlines Gold Steadies After Sinking To Two-Year Low As Rate Hike Looms Asian Markets Weaken As IMF, World Bank Flag Recession Risks Apple Overtakes Tesla As Traders Most-Shorted Stock In US Market FedEx Shares Plunge 15% After Profit Warning Linked To Economy China’s Retail Sales, Industrial Production Beat […]
Type: Bullish Rise Key Levels:Resistance: 148.125Pivot: 144.475Support: 141.150 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 144.475 to the 1st resistance at 148.125 where the 127.2% fibonacci extension is. Alternative Scenario:Alternatively, price could break […]
Credit Agricole Currency Wars 2.0 The commodity terms of trade supply shock that has rocked the global economy so far this year continues to reverberate across FX markets. The shock has fuelled inflation across the board and spurred up global central banks into action. The Fed’s efforts to contain the US inflation have further fuelled […]
Type: Bullish Rise Key Levels:Resistance: 20820Pivot: 19370Support: 18330 Preferred Case:On the H4, price has pulled back but we’re looking for a reversal at 19370 where the 78.6% retracement and 100% projection sits. If price still respects the ichimoku as well as the bullish breakout, it should bring price to 20820 where the previous swing high […]
GBPJPY Goes Down It’s been another very interesting week in financial markets. We’ve seen plenty of key data releases with inflation and retail sales readings for both the US and the UK along with chatter of possible BOJ market intervention. Commodities and equities prices has been back on the ropes amidst a sharp pick up […]
Type: Bearish Drop Key Levels:Resistance: 8.500Pivot: 8.125Support: 7.680 Preferred Case:On the H4, with the Stoch is below 20, and the price is above ascending trendline, as well as ischimoku cloud, we have a bullish bias that the price may rise from the pivot at 8.125, which is in line with the 78.6% fibonacci retracement to […]