Tag: tickmill
GBPCAD Base Building? GBPCAD is one pair I’m monitoring with interest currently. The market has been trading lower over the year, tracing an orderly bearish channel from the roughly 1.65 highs down to the mid-1.53 lows. However, over the recent declines we’ve seen strong bullish divergence on momentum studies, suggesting potential for a reversal in […]
Type: Bullish Rise Key Levels: Resistance : 2727.9 Pivot: 2612.6 Support : 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 from the pivot at 2612.6 where the pullback support is to the 1st resistance at 2727.9 […]
Coinbase Holding Above Lows Shares in Coinbase are continuing to hold above the yearly lows, despite a dismal set of Q2 earnings from the company last week. The crypto broker posted EPS of -$4.98, down sharply on the -$2.47 the market was looking for. Additionally, revenues were seen heavily lower at $808 million, versus $873 […]
Type: Bearish Drop Key Levels:Resistance : 1.0314Pivot: 1.0151 Support : 1.0005 Preferred Case:On the H4, as the price is below descending trendline and the MACD indicators are below zero, we have a bearish bias that price may drop from the pivot at 1.0151 where the 61.8% fibonacci retracement is to the 1st support at 1.0005, […]
Type: Bullish Rise Key Levels:Resistance : 14220Pivot: 13670Support : 13351 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 from the pivot at 13670 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at […]
Daily Market Outlook, August 16, 2022 Overnight Headlines US President Biden To Sign Health And Climate Bill On Tuesday UK Set To Begin Formal Dispute With EU Over Science Programs Iran Sends EU Nuclear Deal Response And Signals Pact Is Near RBA Signals Further Rate Hikes, Reiterates Not On Pre-Set Path China Needs More Stimulus […]
Type: Bullish Breakout Key Levels:Resistance: 2012.25Pivot: 1916.67Support: 1786.26 Preferred Case:On the H4, with price moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 1916.67 where the pullback support is. Once there is upside confirmation that price has broken pivot structure, we […]
Type: Bullish Rise Key Levels:Resistance: 144.475Pivot: 141.150Support: 138.225 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 141.150 where the pullback resistance and 78.6% fibonacci retracement are. Once there is upside confirmation that price […]
Type: Bullish Bounce Key Levels:Resistance: 27156.43Pivot: 24676.23Support: 22483.65 Preferred Case:On the H4, with price moving within a bullish channel as well as above the ichimoku indicator and RSI moving along an ascending trendline, we have a bullish bias that price will rise from our pivot at 24676.23 where the pullback support and 50% fibonacci retracement […]
Type: Bullish Rise Key Levels:Resistance: 14213Pivot: 13782Support: 13670 Preferred Case:On the H4, with price moving above the ichimoku indicator and along an ascending channel , we have a bullish bias that price will rise from the pivot at 13782 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 14213 in […]