Tag: tickmill

AUDJPY Bull Flag AUDJPY price action is looking interesting here. Following the latest peak in June, AUDJPY has been correcting lower within a bear channel, which can be viewed as a bull flag within the longer-term bull trend. With price well supported into the lows and now turning higher once again, the risks of an […]

Type: Bullish Breakout Key Levels:Resistance: 34296.57Pivot: 33461.36Support: 32586.42 Preferred Case:On the H4, with price moving along the ascending trendline and bouncing off the stochastic support, we have a bullish bias that price will rise to pivot at 33461.36 where the pullback resistance and 50% fibonacci retracement are. Should price break pivot structure, we would expect […]

All Eyes on Powell Ahead of Fed chairman Powell speech at the Jackson Hole Symposium later today, market expectations are leaning broadly in favour of a hawkish outcome. On the back of a hawkish set of July FOMC minutes and following hawkish commentary from other Fed members at the end of last week and yesterday, […]

Type: Bullish Rise Key Levels:Resistance: 143.975 Pivot: 141.950Support: 139.175 Preferred Case:With the price moving above the ascending trendline and above ichimoku cloud, we have a bullish bias that the price may rise to the pivot at 141.950, which is in line with the 161.8% fibonacci projection and swing high to the 1st resistance at 143.975, […]

Type: Bearish Drop Key Levels:Resistance: 2036.4Pivot: 1952.5Intermediate Support: 1920.4Support: 1841.8 Preferred Case:With the price moving above the ascending trendline and above ichimoku cloud, we have a bullish bias that the price may rise to the pivot at 141.950, which is in line with the 161.8% fibonacci projection and swing high to the 1st resistance at […]

Type: Bullish Rise Key Levels:Resistance: 0.0074025 Pivot: 0.0073045 Support: 0.0072360 Preferred Case:With the price moving within the descending trendline and crossing below the MA, we have a bearish bias that the price may drop to the pivot at 0.0073045, where the previous swing low is. If the pivot is broken, we can expect the price […]

Type: Bearish Drop Key Levels:Resistance: 13669Pivot: 13346Support: 12999 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 13346 where the overlap resistance, 38.2% fibonacci retracement and 61.8% fibonacci projection are to the 1st support […]

Type: Bearish Drop Key Levels:Resistance: 22485Pivot: 20720Support: 18870 Preferred Case:On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 20720 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of […]

USD GDP On Watch Today’s revised US Q2 GDP figures will be closely watched ahead of Fed chairman Powell’s Jackson Hole speech tomorrow. The initial figures pegged a dire -0.9% reading for the quarter and current forecasts suggest only a mild improvement to -0.7%. While this reading would confirm a technical recession in the US, […]

Oil Traders Re-Build Longs The latest CFTC COT institutional positioning report shows that crude traders increased their net long positions last week from around 210k contracts to roughly 214k contracts. While not a huge increase, the adjustment does at least put an end to the weeks of reductions we’ve seen in upside bets. This change […]