Tag: tickmill
Type: Bearish Drop Key Levels:Resistance: 1846.4Pivot: 1794.6Support: 1681.1 Preferred Case:On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 1794.6 where the pullback support and 61.8% fibonacci retracement are. Once there is downside confirmation of price breaking […]
Type: Bearish Drop Key Levels:Resistance: 31860Pivot: 31240Support: 30417 Preferred Case:On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 31240 where the swing low support and 78.6% fibonacci projection are. Once there is downside confirmation that price has […]
Chinese renminbi, being in a free fall, started to worry China’s central bank, which eventually responded quite decisively, reducing the reserve ratio for banks from 8% to 6%. The new policy change will come into effect on September 15. The lower RRR will free up additional liquidity for banks, allowing them to increase lending, thus […]
Type: Bearish Drop Key Levels:Resistance: 0.0072125Pivot: 0.0070865Support: 0.0070165 Preferred Case:On the H4, with price moving below the ichimoku indicator, and within the descending trendline, we have a bearish bias that price will drop from pivot at 0.0070865 where the current price and 78.6% fibonacci projection are to the 1st support at 0.0070165 where the 100% […]
Change In Leader to Be Announced Shortly UK citizens and traders alike are bracing for today’s announcement regarding the Conservative Party leadership contest. The contest, between Rishi Sunak and Liz Truss, has been a largely dull affair with polling consistently showing Truss ahead of Sunak from the start. Consequently, the expectation today is that Truss […]
OPEC On Watch Oil traders will be paying close attention to today’s OPEC+ meeting. Following recent headlines around a potential production cut, OPEC sources have reportedly leaked that the group is said to be considering weighing up whether to keep current production quotas in place for October or cutting production slightly. Last month we heard […]
Type: Bearish Drop Key Levels:Resistance: 20695Pivot: 19390Support: 18495 Preferred Case:On the H4, with price breaking out of an ascending channel and moving below an ichimoku indicator, we have a bearish bias that price will drop to pivot at 19390 where the swing low support and 127.2% fibonacci extension are. Should price break pivot structure, we […]
Type: Bullish Rise Key Levels:Resistance: 721’0Pivot: 667’4Support: 641’0 Preferred Case:On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 667’4 where the pullback support and 50% fibonacci retracement are. Once there is upside confirmation that price […]
Type: Bearish Drop Key Levels:Resistance: 1.0010Pivot: 0.9929Support: 0.9887 Preferred Case:On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 0.9929 where the previous swing lows are to the 1st support at 0.9887 where the swing low is. Alternative Scenario:Alternatively, price could break pivot […]
Type: Bearish Drop Key Levels:Resistance: 12999Pivot: 12758Support: 12415 Preferred Case:On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 12758 where the pullback resistance is to the 1st support at 12415 where the swing low support, 61.8% fibonacci […]