Tag: tickmill
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 to the pivot at 12758 where the pullback support is. Once there is downside confirmation that price has broken 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 is. Once there is upside confirmation that price has broken pivot structure, […]
The bond market selloff has been offering significant support to the greenback this week. The dollar index (DXY) rose to 110 on Thursday, however it failed to secure fresh highs and turned into a decline on a technical bounce. The main event of the day was the Non-Farm Payrolls report, which diverged from expectations, and […]
Type: Bearish Drop Key Levels:Resistance: 32591Pivot: 31864Support: 30432 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 from pivot at 31864 where the pullback resistance and 23.6% fibonacci retracement are to 1st support at 30432 where the pullback support […]
BNY Mellon Swiss Franc Now Two-Way When the Swiss National Bank hiked its benchmark sight deposit rate by 50bp in June, it also arguably reversed over a decade of orthodoxy in pledging to sell foreign exchange reserves if necessary to support the franc. Perhaps far ahead of other G10 central banks, the SNB realised that […]
Daily Market Outlook, September 1, 2022 Overnight Headlines Jeremy Grantham Warns Super Bubble In Stocks Has Yet To Burst Treasury Two-Year Yield Tops 3.5% For First Time Since 2007 G7 Finance Chiefs To Discuss Russian Oil Price Cap On Friday US Officials Order Nvidia To Halt Sales Of Top Chips To China Asia Factory Activity […]
Type: Bullish Rise Key Levels:Resistance: 1.01055Pivot: 1.00515Support: 0.99910 Preferred Case:With the price moving above the ascending trendline and crossing the ichimoku cloud, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.00515, where the prices tested many times before to the 1st resistance […]
Type: Bearish Reversal Key Levels:Resistance: 4094.62Pivot: 3948.57Support: 3740.23 Preferred Case:On the H4, with prices breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 3948.57 where the pullback resistance is. Once there is downside confirmation that price has broken pivot structure, […]
The notion of an ultra-aggressive Fed hiking rates into recession commands the spotlight in the bonds and equity markets, suggesting that risk aversion will likely stay in place for some time. European equity benchmarks continue their march lower, US futures fall, pointing to a red start for the NY session. The EURUSD rate sticks to […]
US ISM Manufacturing Up Next The latest US ISM manufacturing reading is due later today and will likely be the main focus ahead of tomorrow’s NFP results. The August results is forecast to remain in positive territory at 52.1, down from 52.8 prior. However, on the back of the shockingly bad PMIs we saw just […]