Tag: tickmill
Type: Bullish Bounce Key Levels:Resistance: 120’30’5Pivot: 118’07’0Support: 116’17’0 Preferred Case:On the H4, with price moving in an ascending trend channel and moving above the ichimoku cloud , we have a bullish bias that price will bounce off the pivot at 118’07’0 in line with the overlap support to the 1st resistance at 120’30’5 at the […]
Type: Bearish Momentum Key Levels:Resistance: 0.007362Pivot: 0.007296Support: 0.007126 Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trend channel and trendline, we have a bearish bias that price will continue to drop from the pivot at 0.007296 in line with the pullback resistance, 61.8% fibonacci projection and -27.2% fibonacci […]
Type: Bearish Momentum Key Levels:Resistance: 3.7979Pivot: 3.5345Support: 3.1892 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 3.5345 where the 61.8% fibonacci retracement and pullback support are. Once there is downside confirmation of […]
EURUSD volatility around the round 1.00 level remains elevated which creates ripple waves in other USD cross-pairs. After yesterday’s “shocking” CPI release, markets shifted expectations of the upcoming July rate hike from 75bp to 100bp. Earlier, the Bank of Canada surprised markets with a front-loaded 100 bp rate hike, highlighting seriousness of the inflation threat […]
July FOMC Pricing Favours 1% Hike Pricing for the upcoming July FOMC has swung in favour of a full percentage point hike following yesterday’s US CPI report. June CPI was seen rising to 9.1% annually, marking the hottest US inflation reading in 40-years. Looking at the monthly data, headline CPI was seen coming in at […]
Type: Bearish Momentum Key Levels:Resistance: 0.0073705Pivot: 0.0073385Support: 0.0072935 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 rise and drop from the pivot at 0.0073385 in line with the pullback resistance to the 1st support at 0.0072935 where the swing […]
Type: Bullish Rise Key Levels:Resistance: 12200.5Pivot: 11719.50Support: 11394.5 Preferred Case:On the H4, with price bouncing off the ichimoku cloud and moving in an ascending trendline on the RSI, we have a bullish bias that price will rise from the pivot at 11719.50 in line with the pullback support and 61.8% fibonacci projection. Once we have […]
Type: Bearish Momentum Key Levels:Resistance: 1540’4Pivot: 1494’0Support: 1424’6 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 1494’0 in line with the pullback resistance and 50% fibonacci retracement to the 1st support […]
Type: Bullish Rise Key Levels:Resistance: 31852Pivot: 30821Support: 30405 Preferred Case:On the H4, with price moving in an ascending trendline on the RSI , we have a bullish bias that price will continue to rise from the pivot at 30821 in line with the pullback support and 61.8% fibonacci retracement to the 1st resistance at 31852 […]
Today is a special day for financial markets as the US Bureau of Labor Statistics releases CPI for June. It’s no secret that the Fed tied monetary policy to developments in inflation, so its acceleration will mean that the Fed’s lead in the policy tightening race will only increase, and vice versa, an inflation print […]