Tag: tickmill
Type: Bearish Drop Key Levels:Resistance: 24315Pivot: 22430Intermediate Support: 20740Support: 18875 Preferred Case:On the H4, with the price moving below the ichimoku cloud and breaking the ascending channel , we have a bearish bias that the price may drop from the pivot at 22430 where the overlap resistance is to the 1st support at 18875 where […]
FOMC Minutes Keep USD Supported Far from adding weight to the idea of a “Fed pivot” in the near-term. The release of the July FOMC minutes yesterday saw the Fed reaffirming its commitment to continued tightening. The Fed outlined plans to press ahead with tightening until inflation was back at the bank’s 2% target. While […]
Target Misses Earnings Forecasts Shares in iconic US department store Target are trading a little lower ahead of the open today following the release of lifeless Q2 earnings yesterday. The retailer reported EPS of $0.39, undershooting forecasts for a $0.72 result. Revenues were roughly flat at $26.037 billion versus $26.032 billion forecast. This marks the […]
Type: Bearish Drop Key Levels:Resistance: 1.0241Pivot: 1.0156Support: 1.0091 Preferred Case:On the H4, with the price below the ichimoku cloud and breaking the ascending trendline, we have a bearish bias that the price may drop from the pivot at 1.0156, which is in line with the overlap support and 61.8% fibonacci retracement to the 1st support […]
Type: Bullish Bounce Key Levels:Resistance: 4509.00Pivot: 4304.25Support: 4204.00 Preferred Case:On the H4, with price moving above the ichimoku indicator and within an ascending trendline, we have a bullish bias that price will rise to pivot at 4303.25 where the overlap resistance is. Once there is upside confirmation that price has broken pivot structure, we would […]
The level of 107 in the dollar index (DXY) remains a hard nut to crack as a bullish retest failed yesterday; the Fed Minutes did not work as a catalyst for a sweeping move, although there were some solid grounds to expect an increase in hawkish rhetoric. Nevertheless, key takeaways from the report argue in […]
Type: Bullish Rise Key Levels:Resistance: 2727.9Pivot: 2612.6Support: 2564.4 Preferred Case:On the H4, with price moving above the ichimoku indicator and within an ascending channel , we have a bullish bias that price will rise to the pivot at 2612.6 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, […]
Type: Bullish Rise Key Levels:Resistance: 13968Pivot: 13674Support: 13379 Preferred Case:On the H4, with price expected to bounce from the stochastic support, moving above the ichimoku indicator and within an ascending channel , we have a bullish bias that price will rise to the pivot at 13674 where the pullback resistance is. Once there is upside […]
Type: Bearish Drop Key Levels:Resistance: 3.6500Pivot: 3.5315Support: 3.4115 Preferred Case:On the H4, with the price breaking the ascending trendline and ichimoku cloud , we have a bearish bias that the price may drop from the pivot at 3.5315, which is in line with the 78.6% fibonacci projection and 61.8% fibonacci retracement to the 1st support […]
Bitcoin underwent correction and dropped to the level of 23500. Bitcoin might gain the required support at this level and jump to the level of 25500. So, let’s wait and see what is about to happen next. Gold is testing the downtrend. The price of this asset might potentially grow. Should the asset’s price close […]