Tag: tickmill
Walmart Beats Earnings Forecasts Shares in US retailer Walmart surged higher yesterday after the iconic company posted better-than-expected Q2 earnings. On the back of earlier issuing a profit warning for Q2, traders were bracing for negative results. Given Walmart’s status as a bellwether for the US economy, a poor set of earnings would have likely […]
The minutes of the July FOMC meeting are due today and given the recent message of the Fed that positive incoming economic data won’t sway the central bank from its tightening plans, the minutes of the meeting will likely be another opportunity to reinforce that message. That is why the hawkish surprise in today’s communication […]
Type: Bullish Rise Key Levels:Resistance: 144.225Pivot: 141.675Support: 138.625 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 from the pivot at 141.675 where the swing high, 78.6% fibonacci retracement and 127.2% fibonacci projection are to the 1st resistance at […]
Type: Bullish Rise Key Levels:Resistance: 3944.5Pivot: 3849.0Support: 3749.0 Preferred Case:On the H4, with price moving above the ichimoku indicator and within the ascending channel, we have a bullish bias that price will rise to the pivot at 3849.0 where swing high resistance is. Once price has broken pivot structure, we would expect bullish momentum to […]
Type: Bearish Drop Key Levels:Resistance: 0.0075890Pivot: 0.0074140Support: 0.0073120 Preferred Case:On the H4, with the price moving below the ichimoku cloud and breaking the ascending trendline, we have a bearish bias that the price may drop from the pivot at 0.0074140, which is in line with the pullback support, 61.8% fibonacci retracement and 61.8% fibonacci projection […]
Type: Bullish Rise Key Levels:Resistance: 27225Pivot: 24315Support: 22495 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 24315 where the overlap resistance is. Once there is upside confirmation that price has broken pivot structure, […]
Type: Bullish Rise Key Levels:Resistance: 35402Pivot: 34029Support: 33430 Preferred Case:On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise from the pivot at 34029 where the pullback support is to the 1st resistance at 35402 in line with swing high resistance, […]
Daily Market Outlook, August 17, 2022 Overnight Headlines Biden Signs Inflation Act, Sets 15% Minimum Corporate Tax Chipmakers Are Flashing More Warnings On The Global Economy Goldman Warns Iran Nuclear Deal Is ‘Unlikely’ After Oil Tumbles FX Activity Surges 8% As War And Inflation Risks Fuel Volatility Cheney, Republican Who Defied Trump, Loses Wyoming Race […]
Type: Bullish Bounce Key Levels:Resistance: 35508.28Pivot: 34117.23Support: 33492.68 Preferred Case:On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise from our pivot at 34117.23 where the pullback support is to the 1st resistance at 35508.28 where the swing high resistance, 161.8% […]
Foreign trade indices of major energy importers continue to hit new lows and markets are increasingly focused on how governments will respond to rising natural gas prices. At the same time, the weakening of the yuan and a number of potential upside surprises for the US economy today decrease the odds of a bearish dollar […]