Type: Bullish Rise Key Levels:Resistance: 35392Pivot: 33445Support: 32687 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 33445 where the pullback support is to the 1st resistance at 35392 in line with swing high resistance […]
Type: Bearish Drop Key Levels:Resistance: 1.2195Pivot: 1.2076Support: 1.1980 Preferred Case:On the H4, as the DIF is crossing below the signal line and MACD histograms are below zero, we have a bearish bias that price may drop from the pivot at 1.2076 where the overlap support, 38.2% fibonacci retracement and 78.6% fibonacci projection are to the […]
Type: Bearish Drop Key Levels: Resistance: 9.276Pivot: 8.456Support: 7.557 Preferred Case:On the H4, as the DIF is crossing the signal line and MACD histograms are shrinking above zero, we have a bearish bias that price may drop from the pivot at 8.456 where the 61.8% fibonacci retracement is to the 1st support at 7.557, which […]
BNY Mellon Inflation Peaks, But Fed Stays Hawkish Last week delivered encouraging news on the US inflation front. Data across a range of inflation and related indicators suggest pressure is easing somewhat, even if the actual level of inflation remains near multi-decade highs. Risk assets rallied impressively in response. Pricing in the forward rates market […]
Daily Market Outlook, August 15, 2022 Overnight Headlines Bitcoin Falls As 140K BTC Have Been Released To MTGox Customers Oil Prices Ease As Saudi Aramco Ready To Boost Crude Output Asia Equity Markets Mixed As China Cuts Rates, Data Disappoints Dems Send Landmark Climate, Tax And Health Care Bill To Biden US Lawmakers Arrive In […]
Type: Bullish Breakout Key Levels:Resistance: 27155.57Pivot: 24690.67Support: 22394.6 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 to our pivot at 24690.67 where the pullback resistance, 50% fibonacci retracement and […]
Type: Bullish Rise Key Levels:Resistance: 60722Pivot: 59114Support: 57196 Preferred Case:On the H4, with price moving above the ichimoku indicator and moving along an ascending trendline, we have a bullish bias that price may rise from our pivot at 59114, where the overlap resistance is. Once there is upside confirmation that price has broken pivot structure, […]
Type: Bullish Rise Key Levels:Resistance: 341. 40 Pivot: 330.20 Support: 317.70 Preferred Case:On the H4, with price moving within a bullish channel as well as above the ichimoku indicator, we have a bullish bias that price may rise to our pivot at 330.20, where the overlap resistance is. Once there is upside confirmation that price […]
Type: Bullish Rise Key Levels:Resistance: 1.2287Pivot: 1.2157Support: 1.2077 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 from the pivot at 1.2157 where the pullback support and 50% fibonacci retracement are to the 1st resistance at 1.2287 in […]
Type: Bullish Rise Key Levels:Resistance: 4302.00Pivot: 4204.50Support: 4071.50 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 from pivot at 4204.50 where the pullback support is to the 1st resistance at 4302.00 in line with swing high resistance […]