Tag: tickmill
Retail Sales Up Next On the back of Wednesday’s feverish US inflation report and subsequent hawkish comments from Fed’s Waller yesterday, traders are now keenly awaiting the release of US June retail sales later today. Given its role in calculating overall GDP, retail sales are a vital indicator of the health of the economy and, […]
Type: Bearish Momentum Key Levels:Resistance: 0.77305Pivot: 0.76450Support: 0.75615 Preferred Case:On the H4, with price moving below the ichimoku cloud and within the descending channel , we have a bearish bias that price will rise and drop from the pivot at 0.76450 where the overlap resistance, 50% fibonacci retracement and 100% fibonacci projection are to the […]
Type: Bullish Rise Key Levels:Resistance: 13373Pivot: 12616Support: 12383 Preferred Case:On the H4, with price moving in an ascending trendline on the RSI and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 12616 at the pullback support at the swing low in line with the […]
Type: Bearish Momentum Key Levels:Resistance: 98.38Pivot: 95.18Support: 90.69 Preferred Case:On the H4, with price moving below the ichimoku cloud and within the descending channel , we have a bearish bias that price will drop to the pivot at 95.18 where the overlap support is. Once there is downside confirmation of price breaking pivot structure, we […]
Type: Bullish Rise Key Levels:Resistance: 8.028Pivot: 6.844Support: 6.060 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 6.844 in line with the overlap support, 100% fibonacci projection and 38.2% fibonacci retracement to the 1st […]
Daily Market Outlook, July 15, 2022 Overnight Headlines China’s Economy Expands At Slowest Pace Since Wuhan Outbreak China Renews Medium-Term Policy Loans, Rate Unchanged Fed Hawks Say They Want 75 Basis Point Rate Hike In July Fed’s Waller Says 75bps Rate Hike Is His Base Case For July Fed’s Bullard Favours 75bps Hike At July […]
Type: Bearish Momentum Key Levels:Resistance: 0.67660Pivot: 0.67175Support: 0.66485 Preferred Case:On the H4, with RSI moving along the descending trendline and price moving along the descending trendline, we have a bearish bias that price will drop to the pivot at 0.67175 where the 127.2% fibonacci extension , 100% fibonacci projection and swing low support are. Once […]
Type: Bullish Bounce Key Levels:Resistance: 0.81056Pivot: 0.80283Support: 0.79355 Preferred Case:On the H4, with prices moving above the ichimoku indicator and has broken out of the descending trendline, we have a bullish bias that price will rise from the pivot at 0.80283 where the pullback support is to the 1st resistance at 0.81056 in line with […]
USD: Balance of risks tilted to upside Global risk sentiment continues to be challenged by adverse developments across the world. The US banking earning season has kicked off on the wrong foot, China reported the weakest growth numbers (0.4% YoY, vs 1.2% expected) in more than two years, new Covid variants are boosting infection and […]
Type: Bearish Momentum Key Levels:Resistance: 3816.00Pivot: 3744.75Support: 3643.75 Preferred Case:On the H4, with price moving below the ichimoku cloud and along the descending trendline, we have a bearish bias that price will drop to the pivot at 3744.75 where the 78.6% fibonacci projection and swing low support are. Once there is downside confirmation of price […]