Tag: tickmill
Incoming data on the US economy continues to surprise on the upside, triggering massive unwinding of recession bets and luring investors back into risk assets on decreasing uncertainty. One such report was the ISM report on the non-manufacturing sector released yesterday which surprisingly showed that the sector continued to expand in July at a healthy […]
Bitcoin has formed the flag and broke the trendline. Now, the asset is trying to break the level of 23500. Bitcoin is on the rise and might hit the level of 25500 soon. Gold has pulled from the downtrend and dropped. The asset is likely to pull back from the broken monthly trend denoted by […]
Provocative from a Chinese point of view, Nancy Pelosi’s visit to Taiwan and the promised tough response from the Chinese authorities met with a rather tepid market reaction yesterday; the main US indices closed in a moderate minus, the dollar index met resistance at 106.50 and turned lower on Wednesday. The Fed’s verbal interventions have […]
Type: Bullish Bounce Key Levels:Resistance: 24208.23Pivot: 22483.11 Support: 20703.19 Preferred Case:On the H4, with price moving within a bullish channel and expected to bounce from the stochastic support, we have a bullish bias that price will rise from our pivot at 22483.11 where the pullback support, 50% fibonacci retracement and 61.8% fibonacci projection are to […]
Daily Market Outlook, August 4, 2022 Overnight Headlines Bank Of England On Precipice Of Largest Rate Hike Since 1995 Fed’s Kashkari: Very Unlikely Will Cut Interest Rates Next Year Taiwan Braces For Impact From China Military Post Pelosi Trip White House Lobbies Dems Against Aims Deepen Taiwan Ties China Locks Down Part Of Tropical Tourist […]
Type: Bullish Rise Key Levels:Resistance: 33432Pivot: 32504Support: 31864 Preferred Case:On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise to our pivot at 32504 where the pullback resistance is. Once there is upside confirmation of price breaking pivot structure, we would […]
Daily Market Outlook, August 3, 2022 Overnight Headlines White House Aim To Calm Tensions Over Pelosi Taiwan Visit Pelosi Vows US Won’t Abandon Taiwan In Faces Of Pressure Fed’s Bullard: Can Slow Inflation Without Sparking Recession Fed’s Mester: More Work To Do As Inflation Not Yet Peaked China Imposes Taiwan Economic Curbs With Sand, Fruit […]
Type: Bullish Rise Key Levels:Resistance: 3.5915Pivot: 3.4685Support: 3.3710 Preferred Case:On the H4, with price breaking the descending channel, we have a bullish bias that price will rise from our pivot at 3.4685 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 3.5915 where the swing high resistance is. Alternative Scenario:Alternatively, […]
Type: Bullish Rise Key Levels:Resistance: 13814Pivot: 13348Support: 13004 Preferred Case:On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 13348 in line with overlap support to the 1st resistance at 13814 where the 61.8% fibonacci retracement , […]
Type: Bearish Drop Key Levels:Resistance: 8.055Pivot: 7.665Support: 7.340 Preferred Case:On the H4, with price breaking the ascending trendline, we have a bearish bias that price may drop from our pivot at 7.665 where the overlap resistance is to the 1st support at 7.340, where the 50% fibonacci retracement is. Alternative Scenario:Alternatively, price could rise to […]