Tag: tickmill
Type : Bearish Drop Key Levels:Resistance : 686’6 Pivot: 673’6 Support : 654’4 Preferred Case: On the H4, with there’s a bearish divergence of price and MACD , and there’s potential double top pattern, we have a bearish bias that price may drop from the pivot at 673’6, where the 61.8% fibonacci projection is to […]
ECB Hikes Again The Euro has been firmly bid today on the back of the September ECB meeting yesterday. The meeting saw the bank hiking by .75%, as expected, lifting rates to 1.25%. The hike, which was the largest by the ECB in more than half a century, was accompanied by a firmly hawkish set […]
European stocks rebounded on Friday after the hawkish outcome of the ECB meeting and better-than-expected ECB economic staff projections. European Union energy ministers met on Friday to discuss how to tackle the energy crisis. The key point on the agenda was the price cap on Russian gas and oil. Rising gas prices may force some […]
Type : Bearish Drop Key Levels:Resistance : 0.0072070 Pivot: 0.0070830 Support : 0.0069070 Preferred Case: On the H4, with price moving below the ichimoku indicator and descending trendline, we have a bearish bias that price may drop from the pivot at 0.0070830 where the 23.6% fibonacci retracement is to the 1st support at 0.0069070 where […]
Type : Bearish Drop Key Levels:Resistance : 22420 Pivot: 20785 Support : 18610 Preferred Case: On the H4, with price expected to reverse off the stochastic resistance, we have a bearish bias that price will drop from the pivot at 20785 where the overlap resistance and 38.2% fibonacci retracement are to the 1st support at […]
Type : Bearish Drop Key Levels:Resistance : 1439’2 Pivot: 1394’2 Support : 1303’4 Preferred Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 1394’2 where the pullback support is. Once there is downside confirmation that price has broken pivot structure, we […]
The ECB unanimously raised interest rate by 75 basis points on Thursday, stressing on the fact that the unconditional policy priority is to suppress inflation. Growth forecasts proved to be somewhat unexpected – the regulator not only ruled out a recession next year, predicting growth of 0.9%, but also revised forecast for economic growth this […]
Type : Bearish Drop Key Levels:Resistance : 13340 Pivot: 13004 Support : 12591 Preferred Case: On the H4, with price expected to reverse off the stochastic resistance, we have a bearish bias that price will drop from pivot at 13004 where the pullback resistance is to the 1st support at 12591 where the swing low […]
Type : Bullish rise Key Levels:Resistance :3.5000 Pivot:3.4735 Support : 3.4170 Preferred Case: On the H4, with the price pullback from the support, breaking the descending trendline, MA10 is above MA30, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 3.4735, where the […]
BNY Mellon ECB Searching For A New Baseline The European Central Bank is expected to step up its policy-normalisation process today with a 75bp rate hike. While we do see some downside risk of a 50bp move considering the traditional caution of the Governing Council, the scale of the move is probably beside the point. […]