Tag: tickmill

Type: Bearish Drop Key Levels:Resistance: 3.4665Pivot: 3.4325Support: 3.3815 Preferred Case:On the H4, with the price is moving below ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the pivot at 3.4325, which is in line with the 61.8% fibonacci retracement and 78.6%$ fibonacci projection to the 1st support […]

Despite mixed data on the US economy released on Thursday (strong retail sales and unemployment claims, weaker-than-expected industrial production), Treasury sell-off gained momentum with two-year yield climbing above 3.90%. Rate futures imply a 4.5% Fed interest rate in March 2023. Since the start of September markets have added almost 50 basis points to the expected […]

UK Retail Sales Plunge The British Pound has come under heavy selling pressure on Friday in response to the latest economic data out of the UK. Retail sales for August were seen falling to -1.6% from the prior month’s 0.4% reading. This was well below the -0.5% reading the market was looking for and marks […]

Daily Market Outlook, September 15, 2022 Overnight Headlines Upgrade Of Ethereum Blockchain Sees ETH Trade Down 1% US Retail Sales Expected To Drift Sideways Ahead Of Fed Hike Ray Dalio Does The Math: Rates At 4.5% Would Sink Stocks By 20% Australia’s Jobless Rate Climbs For First Time In 10 Months NZ Economy Grew More […]

Bitcoin has pulled from the resistance at the level of 22000 and dropped to the psychological level of 20000. It’s noteworthy that this level is next to the bearish trap, therefore Bitcoin might jump soon. So, let’s observe what is going to happen next. The currency pair EUR/USD has jumped and pulled back to achieve […]

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 […]

BNY Mellon Mind The UK Consumption Gap On the face of things, the latest UK labour market data likely provides the Bank of England with some relief. Nominal incomes are still growing at a relatively firm pace, and there is every chance that much like may be the case for the European Central Bank, the […]

Type: Bullish Rise Key Levels:Resistance: 21735Pivot: 20000Support: 18330 Preferred Case:On the H4, price has pulled back but we’re looking for a reversal at 20000 where the 61.8% retracement and 78.6% projection sits. If price still respects the ichimoku as well as the bullish breakout, it should bring price to 21735 where the previous swing high […]

Oil Traders Cut Longs Again The latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions last week from around 229k contracts to roughly 214k contracts. The net-long position in oil has been steadily worked back from its mid-August highs around the 246k contract mark with the shift in sentiment […]

Type: Bearish Drop Key Levels:Resistance: 1707.0Pivot: 1694.6Support: 1680.8 Preferred Case:On the H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the pivot at 1695.8, which is in line with the swing lows to the 1st support at 1680.8, where the swing […]