Tag: tickmill

Metals Rebounding, Helped by Weaker USD The metals market has started the week on the front foot, benefitting from the developing correction in USD. The Dollar has been net-sold since the middle of last week and is seeing further selling again today. One of the key drivers behind the downshift in USD has been the […]

Type: Bearish Drop 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 […]

Type: Bullish Rise Key Levels:Resistance: 1.1774Pivot: 1.1650Support: 1.1497 Preferred Case:On the H4, with the price breaking the descending trendline and ichimoku cloud , we have a bullish bias that the price may rise from the pivot at 1.1650, where the current price and overlap resistance are to the 1st resistance at 1.1774 where the overlap […]

Type: Bullish Rise Key Levels:Resistance: 33432Pivot: 31862Support: 30966 Preferred Case:On the H4, with price moving along the ascending trendline and breaking above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 31862 where the pullback support is to the 1st resistance at 33432 where the overlap resistance, 78.6% […]

Type: Bullish Rise Key Levels:Resistance: 24320Pivot: 22440Support: 20790 Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 22440 where the overlap resistance and 61.8% fibonacci retracement are. Once there is upside confirmation that price has broken pivot structure, we would […]

EURGBP On Watch EURGBP is once again starting to look interesting following months of choppy, hard-to-trade price action. The market has rallied firmly off the June lows and is now testing major resistance at the .8719 level. This has been a key resistance level in the pair since early 2021 and a break here would […]

EURUSD At A Turning Point? The rally in the EUR stemming from last week’s hawkish ECB meeting has seen EURUSD breaking out above the bear channel for the first time this year. With plenty of bullish divergence on momentum studies into recent lows, there is room for a fuller recovery here. The sharp shift in […]

The highlight of next week’s economic calendar will be the US inflation report. Economists and investors expect the downward trend that began in July to continue. If the data lives up to expectations or inflation slows faster than forecasted, the likelihood that the Fed will slow down the pace of policy tightening will increase. In […]

Another week comes to a close in financial markets and what a week it’s been. We’ve seen three major central bank meetings, each delivering fresh rate hikes in the G10, a change of leadership in the UK as well as comments from Fed chairman Powell. In terms of moves to focus on, its been rich […]

Credit Agricole Stagflation Becoming A Major Theme Stagflation has become a major theme for FX markets. The extent of stagflation an economy is experiencing can be measured by the misery index (the sum of their inflation and unemployment rates). This index also measures how much damage central banks will have to inflict to get inflation […]