Tag: tickmill
BTC Rallies on Weaker USD The pull-back in the US Dollar this week has benefited risk assets across the board and cryptocurrencies have been a reflection of this. Bitcoin traded up to its highest level since early June, fuelling hopes of a near-term bottom. The driver behind the move has been the shift in market […]
Type: Bullish Rise Key Levels:Resistance: 0.63185Pivot: 0.62505Support: 0.61850 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 to the pivot at 0.62505 where the overlap resistance is. Once there is upside confirmation that price has broken the pivot , […]
Type: Bullish Rise Key Levels:Resistance: 1.2184Pivot: 1.20611stSupport: 1.19552nd Support : 1.1778 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 to the pivot at 1.2061 where the swing high resistance and 61.8% fibonacci projection are. Once there is upside […]
Type: Bullish Rise Key Levels:Resistance: 13873Pivot: 13357Support: 12968 Preferred Case:On the H4, with price moving in an ascending trendline, moving above the ichimoku cloud and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 13357 at the pullback support at the swing low in line […]
The EURUSD bounce on the surprising 50 bp rate hike from the ECB proved to be short-lived indicating that investors probably prefer to focus on fundamentals, other than the rate differential with the Fed. The pair erased gains made after the ECB meeting and moved lower on Friday, finding some support at 1.015 level. Judging […]
Type: Bullish Bounce Key Levels:Resistance: 9.060Pivot: 8.125Support: 7.195 Preferred Case:On the H4, with prices moving above the ichimoku cloud and in an ascending trend channel, we have a bullish bias that price will rise from the pivot at 8.125 in line with the pullback support, 78.6% fibonacci projection and 61.8% fibonacci retracement to the 1st […]
ECB in Focus Today Traders are bracing for the headline event of the week today, with the July ECB meeting due. The market is widely expecting the bank to hike rates by at least .25% today, in line with the bank’s own guidance. However, soaring inflation and hawkish commentary from some within the ECB, is […]
BOJ Sticks to Its Guns The Japanese Yen is back under pressure today following the July Bank of Japan meeting overnight. While the rest of the G10 is firmly embarking down a path of monetary tightening, with even the ECB set to tighten today, the BOJ continues to reaffirm its commitment to easing. BOJ governor […]
ING EUR: Volatile times ahead The euro went on a roller coaster ride around the release of the statement and the press conference. Here are our three takeaways: First, this is another testament to how ECB hawkishness is proving insufficient to sustainably lift the euro. This is due to the fact that the deteriorating eurozone […]
Daily Market Outlook, July 22, 2022 Overnight Headlines US Lawmaker: Biden Could Temporarily Lower China Tariffs EU Solidarity Frays As Nations Question Plan To Slash Gas Use Some ECB Officials Were Initially In Favour Of A Smaller Hike Raimondo: US Dependence On Taiwanese Chips Is Untenable Macron’s Government Charts Gradual Deficit Reduction Path Italian President […]