Tag: tickmill

Daily Market Outlook, August 22, 2022 Overnight Headlines US Yield Approaches 3% As Jackson Hole May Cement Hawkish Bets Oil Falls On Concerns Economic Slowdown May Dent Fuel Demand Asia Markets Mixed As Investors Weigh Concerns Over Fed Hikes China Cuts Benchmark Loan Prime Rate To Boost Faltering Economy Hawkesby:RBNZ Wants Rates ‘Comfortably Above Neutral’ […]

The currency pair EUR/USD underwent correction. Now, the asset is going down, targeting the parity of 1.0000. The price of this currency pair is likely to pull from the support and jump. However, it would be wise to follow the price movements of the currency pair next to the level of 1.0000 as it can […]

BNY Mellon EUR holdings data for this week shows shorts in excess of those seen in the post-pandemic days of October 2020 (see chart). Back then, investors were caught offside as such shorts turned sour, with profitability deteriorating thereafter. In fact, profitability patterns show that the market still is quite biased to long USD positions. […]

BTC Drops Again Bitcoin futures are back on the ropes this week with the leading crypto currency having reversed over 15% lower from initial highs on the week. Price has been grinding higher over recent weeks, trading within a corrective bull channel. However, sitting at the bottom of extended declines, the structure can be viewed […]

Kiwi Collapses As we round out another week, we’re coming dangerously close to the end of the summer here in London. However, as the weather starts to cool down, action in the markets is certainly showing no signs of lowering the temperature. It’s been another interesting week across the board, with several key moves to […]

Type: Bearish Drop Key Levels:Resistance: 0.0074305Pivot: 0.0073135Support: 0.0072360 Preferred Case:On the H4, with the price moving below the ichimoku cloud and within the ascending channel , we have a bearish bias that the price may drop from the pivot at 0.0073135 where the overlap support, 78.6% fibonacci retracement and 100% fibonacci projection are to the […]

Type: Bearish Breakout Key Levels:Resistance: 1918.99Pivot: 1789.4Support: 1640.99 Preferred Case:On the H4, with price breaking out of an ascending channel and reversing off the ichimoku resistance, we have a bearish bias that price will drop to the pivot at 1789.4 where the overlap support, 38.2% fibonacci retracement and 100% fibonacci projection are. Once the pivot […]

Type: Bullish Rise Key Levels:Resistance: 2058.7Pivot: 1953.2Support: 1919.9 Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 1953.2 where the pullback support, 23.6% fiboncci retracement and 78.6% fibonacci projection are to the 1st resistance at 2058.7 where the swing high […]

Type: Bearish Drop Key Levels:Resistance: 1.2016 Pivot: 1.1894 Support: 1.1781 Preferred Case:On the H4, with the price moving below the ichimoku cloud and moving within the descending trend line , we have a bearish bias that the price may drop from the pivot at 1.1894, which is in line with the 78.6% fibonacci retracement to […]

Type: Bullish Rise Key Levels:Resistance: 35410Pivot: 34016Support: 33432 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 34016 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, […]