Tag: tickmill
Credit Agricole – The EUR faced some selling interest last week, predominantly driven by IMM flows. Our FX flow data points at corporates and hedge funds inflows, as well as banks and real money investors outflows. All in all, the EUR is now in oversold territory. n The JPY experienced fresh selling interest last week, […]
Daily Market Outlook, July 19, 2022 Overnight Headlines IBM Shares Slide After Hours After Company Trims Cash Flow Forecast Russia’s Gazprom Tells Europe Gas Flow Halt Is Beyond Its Control Biden Could Declare Climate Emergency As Soon As This Week: WaPo Oil Prices Fall; Gold Subdued As Firmer US Dollar, Yields Dent Appeal Rishi Sunak […]
Type: Bullish Rise Key Levels:Resistance: 1.04505Pivot: 1.03010Support: 1.02000 Preferred Case:On the H4, with price moving in an ascending trendline, we have a bullish bias that price will continue to rise from the entry at 1.03010 in line with the pullback support, 23.6% fibonacci retracement and 61.8% fibonacci projection to the take profit at 1.04505 at […]
Type: Bullish Momentum Key Levels:Resistance: 0.7798Pivot: 0.7715Support: 0.7657 Preferred Case:On the H4, with price recently breaking the descending trendline and RSI showing a bullish divergence, we have a bullish bias that price will rise from the pivot at 0.7715 at the overlap resistance in line with the 100% fibonacci projection to the 1st resistance at […]
Type: Bullish Rise Key Levels: Resistance: 138.78Pivot: 137.22Support: 136.44 Preferred Case:On the H4, with prices moving above the ichimoku cloud and within the ascending channel , we have a bullish bias that price will rise from the pivot at 137.22 in line with the pullback support and 61.8% fibonacci projection to the 1st resistance at […]
Type: Bullish Rise Key Levels:Resistance: 3.3488Pivot: 3.2843Support: 3.1886 Preferred Case:On the H4, with prices moving above the ichimoku cloud and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 3.2843 in line with the swing high resistance, 50% fibonacci retracement and 78.6% fibonacci projection . Once […]
Last week was marked by highly volatile expectations regarding the FOMC July decision: after release of the CPI for June, which showed inflation accelerating to 9.1%, the chances of a 100 bp rate hike soared to 84%, but already on Friday, the retail sales report and inflation expectations from U. Michigan again made 75 bp […]
Type: Bullish Rise Key Levels:Resistance: 25375Pivot: 22500Support: 18880 Preferred Case:On the H4, with prices moving above the ichimoku cloud , we have a bullish bias that price will rise to the pivot at 22500 in line with the swing high resistance and 100% fibonacci projection . Once there is upside confirmation of price breaking pivot […]
Well, we’re getting nicely into the summer months now but trading is far from the typical quiet action we see over the summer. This week we’ve had plenty of noteworthy moves once again and, talking with traders ahead of the weekend, it seems the big move everyone is focused on is the breakout in the […]
Type: Bearish Momentum Key Levels:Resistance: 823’4Pivot: 786’4Support: 736’7 Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop to the pivot at 786’4 where the swing low support and 100% fibonacci projection are. Once there is downside confirmation of price breaking pivot structure, we would […]