Tag: tickmill
The US July inflation report, which showed a faster-than-expected slowdown in inflation, became the catalyst for a major rally in risk assets, especially in emerging markets. Investors took it as a factor that would ease pressure on the Fed to accelerate policy normalization. The key event today will be the release of the U. Michigan […]
Type: Bullish Rise Key Levels:Resistance: 27225Pivot: 24315Support: 22395 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 24315 where the overlap resistance is. Once there is […]
Daily Market Outlook, August 12, 2022 Overnight Headlines UK Economy Contracts Slightly Less Than Feared At 0.6% Fed’s Daly: Base Case Is 50Bps Hike In September, Open To 75Bps Biden Plots A 2024 Presidential Run — And A Trump Rematch EU Proposes Significant Concession To Iran To Revive Nuclear Deal China To Partially Renew Medium-Term […]
Equity markets made another leap upwards amid a buildup of expectations of a slight dovish shift in the Fed policy. This was facilitated by the release of the US July CPI, which showed that inflation in July decelerated faster than expected. Core inflation remained unchanged at 5.9% (despite expectations of acceleration), headline inflation slowed down […]
Type: Bullish Rise Key Levels:Resistance: 34021Pivot: 33438Support: 32699 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 to pivot at 33438 where the swing high resistance is. Once there is upside confirmation that price has broken pivot structure, we […]
Type: Bullish Breakout Key Levels:Resistance: 2022.93Pivot: 1919.44Support: 1785.62 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 pivot at 1919.44 where the 161.8% fibonacci extension, -27.2% fibonacci expansion and swing high resistance are. Once there is upside confirmation […]
Type: Bullish Rise Key Levels:Resistance: 14210Pivot: 13664Support: 13376 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 13664 where the pullback support is to the 1st resistance at 14210 in line with 100% fibonacci projection […]
Type: Bullish Bounce Key Rise:Resistance: 3851Pivot: 3742Support: 3659 Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 3742 where the pullback support is to the 1st resistance at 3851 where the swing high resistance, 161.8% fibonacci extension and 78.6% fibonacci […]
Type: Bullish Rise Key Levels:Resistance: 1809.50Pivot: 1784.50Support: 1764.75 Preferred Case:On the H4, with price moving above the ichimoku indicator and moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 1784.50 where the 23.6% fibonacci retracement is to the 1st resistance at 1809.5 where the overlap […]
Type: Bullish Rise Key Levels:Resistance: 72.14Pivot: 68.00Support: 63.91 Preferred Case:On the H4, with price moving along the ascending channel and above the ichimuku cloud, we have a bullish bias that price may rise from our pivot at 68.00 where the 38.2% fibonacci retracement is to the 1st resistance at 72.14 where the pullback resistance and […]