Tag: tickmill
Type: Bearish Breakout Key Levels:Resistance: 32613.63Pivot: 31890.53Support: 30448.75 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 31890.53 where the pullback support, 100% fibonacci projection, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Should price break […]
Type: Bearish Drop Key Levels:Resistance: 13344Pivot: 12996Support: 12370 Preferred Case:On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 12996 where the pullback resistance is to the 1st support at 12370 where the swing low support […]
The Eurozone money markets on Monday point to a sharp strengthening of expectations that the ECB will raise rates by 75 basis points in September, as the ECB officials signaled over the weekend that they were ready to take a drastic step to quell inflation. Among the ECB representatives who spoke at the Jackson Hole […]
Type: Bearish Drop Key Levels:Resistance: 0.7696Pivot: 0.7645Support: 0.7559 Preferred Case:On the H4, with price trendline and moving below the ichimoku indicator,we have a bearish bias that price may drop from pivot at 0.7645 where the swing low support is. Should price break pivot structure, we would expect bearish momentum to carry price to 1st support […]
Type: Bearish Momentum Key Levels:Resistance: 1778.2Pivot: 1740.8Support: 1709.5 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 1740.8 where the pullback resistance is to 1st support at 1709.5 where the 78.6% fibonacci retracement and 78.6% fibonacci […]
Type: Bearish Drop Key Levels:Resistance: 32603Pivot: 31862Support: 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 31862 where the pullback support, 100% fibonacci projection , 61.8% fibonacci retracement and 127.2% fibonacci extension are. Should price […]
Type: Bearish Drop Key Levels:Resistance: 20800Pivot: 19450Support: 18490 Preferred Case:with the price breaking the ichimoku cloud, below ichimoku cloud and MA, we have a bearish bias that the price may drop from the pivot at 19450, which is in line with the swing low to the 1st support at 18490, where the previous significant swing […]
The currency pair EUR/USD remains in the supporting zone formed between the levels 0.9950 and 1.0000. This asset is likely to pull back, undergo correction, and jump, targeting the local downtrend. The downtrend is denoted by the blue line on the chart below. Oil is slowly approaching the resistance at the level of 107.50. It […]
EURAUD Stands Out During Quiet Week It’s been a much quieter week for financial markets. Though do bear in mind I’m writing this ahead of today’s Jackson Hole event. Given the focus on Fed chairman Powell’s speech today, markets have been somewhat held hostage over the week. Still, there have been some interesting moves and […]
BNY Mellon Jackson Hole Conference Productivity Focus Federal Reserve Chairman Powell’s breakfast speech this morning in Wyoming will be focusing on the main topic of the Kansas City Fed’s Jackson Hole Economic Symposium: “Reassessing Constraints on the Economy and Policy”. Unleashing productivity growth will, in our opinion, take the driving seat in FX markets for […]