Tag: tickmill

Type: Bullish RiseKey Levels:Resistance: 12261.50Pivot: 11973.00Support: 11745.25Preferred Case:On the H4, with price moving above the ichimoku cloud and has broken through the descending trendline, we have a bullish bias that price will rise to the pivot at 11973.00 in line with the pullback resistance and 78.6% fibonacci retracement . Once we have upside confirmation that […]

The dollar remains close to fresh highs on Thursday, the minor retracement was also reflected in revived modest demand for risk, the key Asian and European markets gain more than 1%. Demand for safe assets came pressure, investors dump long-term bonds of matured economies. Yield on 10-year Treasuries is once again targeting the 3% mark.Commodity […]

Type: Bullish RiseKey Levels:Resistance: 1827.6Pivot: 1752.1Support: 1681.3Preferred Case:On the H4, with price moving above the ichimoku cloud and along the ascending trendline, we have a bullish bias that price will rise to the pivot at 1752.1 in line with the overlap resistance, 61.8% fibonacci projection and 61.8% fibonacci retracement . Once we have upside confirmation […]

Daily Market Outlook, July 7, 2022 Overnight Headlines Defiant UK PM Johnson Refuses To Quit, Fires Gove On Betrayal UK Tory MPs Fear Snap Election In Trumpian Survival Attempt Fed Sees ‘More Restrictive’ Rates Likely If Inflation Persists US Intelligence Warns China Influence Effort Against States Asia Manufacturers Sweat As US Mulls Tougher Tariff Rules […]

Daily Market Outlook, July 6, 2022 Overnight Headlines UK PM Scrambles To Save Himself, Reshuffles Top Cabinet New Chancellor Zahawi Inherits Faltering Economy, Inflation Tory Rebels Plan Rule 1922 Change To Expel UK’s Johnson Biden Prepares Action To Reshape Trump’s Tariffs On China US Pushes ASML To Stop Selling Chipmaking Gear To China Blinken Plans […]

Political Instability Rocks PoundThe British Pound is undergoing a sharp shift in sentiment this week. News of major political resignations yesterday have exacerbated the atmosphere of uncertainty and fear among UK investors. While the current UK administration has been no stranger to adversity, scandal and in recent times, almost falling apart, news yesterday of Rishi […]

INGUSD: Macro themes continue to drive financial markets.One does not have to look too far beyond the inverted US yield curve or the collapse in copper to understand that investors continue to re-price global growth prospects lower. Bank of England Governor Andrew Bailey yesterday said that the global growth outlook has ‘deteriorated markedly’. The big […]

Amazon Shares ReboundingAmazon shares are turning higher today with the company’s stock price once again attempting to break out above the bear channel from YTD highs. The move comes amidst news that Amazon has agreed to take a 2% stake in US food-delivery service Grubhub. As part of the deal, Amazon prime users in the […]

CADJPY on WatchPrice action in CADJPY is starting to looking interesting here to the short-side. The pair has been trending steadily higher this year. However, over the last month, we are starting to see signs that the pair might be topping out. Currently, the pair is at risk of putting in a double top (with […]

Type: Bearish MomentumKey Levels:Resistance: 1.06560Pivot: 1.05470Support: 1.03665Preferred 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 1.05470 at the pullback resistance in line with the 50% fibonacci retracement to the 1st support at 1.03665 […]