Tag: tickmill
US CPI Up Next Today’s US inflation print is drawing a huge amount of market attention. With hawkish expectations well anchored ahead of the upcoming July FOMC meeting traders are looking to today’s data for clues as to how the Fed is likely to act beyond July. With debate setting in over whether the Fed […]
Type: Bearish Breakout Key Levels:Resistance: 1.19183Pivot: 1.1878Support: 1.17651 Preferred Case:On the H4, with prices moving below the ichimoku indicator and within the descending channel, we have a bearish bias that price will drop to our pivot at 1.1878 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking […]
Type: Bearish Breakout Key Levels:Resistance: 0.68527Pivot: 0.67646Support: 0.66034 Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will continue to drop from the pivot at 0.67646 in line with the 100% projection to the 1st support at 0.66034 in line with […]
BofA USD has all bases covered All roads continue to lead to the dollar as the USD index broke to new cyclical highs this week. The depth of USD buying has been indiscriminate this year with only CAD exhibiting some semblance of composure through 2022. But what strikes us about the dollar’s performance this year […]
Daily Market Outlook, July 13, 2022 Overnight Headlines IMF Cuts US 2022 GDP Growth Forecast To 2.3% VS June Est. 2.9% EURUSD Clings To Parity As Markets Await U.S. Inflation Data Twitter Sues To Force Tesla CEO Elon Musk To Complete $44bn Deal New Zealand Hikes Rate By Half-Point, Signals More Tightening Bank Of Korea […]
Type: Bearish Momentum Key Levels:Resistance: 3.6525Pivot: 3.5009Support: 3.1892 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 3.5009 in line with the overlap resistance to the 1st support at 3.1892 where the 61.8% […]
Type: Bearish Reversal Key Levels:Resistance: 0.61959Pivot: 0.61082Support: 0.60072 Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will continue to drop from the pivot at 0.61082 in line with the 127.2% fibonacci extension to the 1st support at 0.60072 in line […]
Type: Bearish Momentum Key Levels:Resistance: 1.1953Pivot: 1.1895Support: 1.1783 Preferred Case:On the H1, 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 1.1895 in line with the pullback resistance to the 1st support at 1.1783 where the 161.8% […]
Type: Bearish Momentum Key Levels:Resistance: 105.23Pivot: 101.59Support: 95.13 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 from the pivot at 101.59 in line with the pullback support to the 1st support at 95.13 where the 61.8% fibonacci […]
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 […]