Tag: tickmill
Type: Bearish Momentum Key Levels:Resistance: 1738.4Pivot: 1721.8Support: 1678.5 Preferred Case:On the H4, with price moving within a descending channel and RSI moving along a descending trendline, we have a bearish bias that price will drop from the pivot at 1721.8 where the pullback resistance is to 1st support at 1678.5 in line with swing low […]
Type: Bullish Rise Key Levels:Resistance: 1.2181Pivot: 1.2061Support: 1.1955 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 1.2061 where the pullback support is to the 1st resistance at 1.2181 where the overlap resistance, 61.8% fibonacci […]
Type: Bearish Momentum Key Levels:Resistance: 4091.00Pivot: 3998.25Support: 3738.00 Preferred Case:On the H4, with price moving in a descending trendline and RSI also showing a descending trendline, we have a bearish bias that price will continue to drop from the pivot at 3998.25 at the swing high in line with the 61.8% fibonacci retracement to the […]
Safety plays prevail in FX, equity and bond markets on Tuesday, as evidenced by lower prices for risk assets, a strengthening USD and increased demand for long-term bonds. Reports about Russia gas flows to the EU are becoming almost the only driver of short-term sentiment for the Euro and the British pound, overshadowing even the […]
Type: Bearish Momentum Key Levels:Resistance: 1738.4Pivot: 1721.1Support: 1679.3 Preferred Case:On the H4, with price moving within a descending channel and RSI moving in a descending trendline, we have a bearish bias that price will drop from pivot at 1721.1 where the pullback resistance is to 1st support at 1679.3 in line with 100% fibonacci projection […]
The Fed week is unlikely to be as turbulent as the last week which featured the ECB meeting as the risk of surprising policy decisions at Wednesday meeting appears to be low. Chances of a “super-aggressive” 100bp rate hike decline as incoming data for July point to both increased preconditions for a slowdown in headline […]
Type: Bullish Breakout Key Levels:Resistance: 0.70635Pivot: 0.69923Support: 0.68946 Preferred Case:On the H4, with price moving above the ichimoku cloud and breaking out of the descending trend channel and moving in an ascending support, we have a bullish bias that price will rise to the pivot at 0.69923 at the overlap resistance in line with the […]
Type: Bearish Breakout Key Levels:Resistance: 1738.4Pivot: 1721.1 Support: 1679.3 Preferred Case:On the H4, with price moving within a descending channel and RSI moving in a descending trendline, we have a bearish bias that price will drop from pivot at 1721.1 where the pullback resistance is to 1st support at 1679.3 in line with 100% fibonacci […]
Societe Generale Focus switches to the US, even if there’s a very strong consensus about what the FOMC will decide on Wednesday. After a week in which the market was more focused on the ECB, Italy and natural gas flows from Russian to Germany, than anything happening elsewhere, attention switches back to the US – […]
Daily Market Outlook, July 26, 2022 Overnight Headlines Stock Bulls Deluded By ‘Wishful Thinking,’ Morgan Stanley Warns Coinbase Faces SEC Investigation Over Cryptocurrency Listings BoJ Board Agreed On Need For Ultra-Low Rates: June Meeting Minutes RBA’s Harper: Australia’s Economy Robust, Can Withstand Hikes Korea’s Economy Accelerates, Giving Scope To Keep Raising Rates Dollar Near Recent […]