Tag: tickmill

Amazon Heading Lower?Price action in Amazon shares is starting to look very precarious for the company. Price has recently been trading lower within a well-defined bearish channel and while the downtrend is currently stalled along support at the 100.55 level, price looks to be forming an interim head & shoulders pattern, suggesting scope for a […]

ECB Ups The AnteThe ECB’s message on inflation took a more aggressive turn yesterday, flagging clear hawkish risks into the July ECB meeting in coming weeks. Speaking during the ECB’s Sintra Forum (which continues today), Lagarde noted that, in the eurozone, “Inflation pressures are broadening and intensifying,” going on to say that CPI is “undesirably […]

Signs of escalation in geopolitical tensions and fresh warnings of recession in top economies pushed stock markets off balance, with the S&P 500 closing down 2% and Nasdaq shedding 3% on Tuesday. European markets picked up the negative baton today, the main equity indices in Europe fall by 1-1.5%. Yesterday it became known that Turkey […]

Mester Pushes For Larger HikeAhead of Fed chairman Powell’s comments at the ECB’s Sintra Forum today, markets are reacting to comments from Fed’s Mester who spoke earlier today. Speaking on CNBC, Mester said that she would be in favour of a further .75% hike in July, following on from the .75% hike in June. Mester […]

Type: Bullish RiseKey Levels:Resistance: 4200.25Pivot: 3824.00Support: 3641.75Preferred Case:On the H4, with price moving in an ascending trend channel and bouncing off the ichimoku cloud , we have a bullish bias that price will continue to rise from the pivot at 3824.00 at the overlap support in line with the 61.8% fibonacci projection to the 1st […]

Type: Bearish MomentumKey Levels:Resistance: 1878.9Pivot: 1849.8Support: 1784.9Preferred Case:On the H4, with price moving in a descending trend channel and below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 1849.8 in line with the 78.6% fibonacci retracement, to the 1st support at 1784.9 at the sing low in […]

Type: Bearish MomentumKey Levels:Resistance: 1.0790Pivot: 1.0654Support: 1.0428Preferred Case:On the H4, with price recently breaking the ascending trendline and moving below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 1.0654 in line with the 50% fibonacci retracement, to the 1st support at 1.0428 at the swing low in […]

Type: Bullish MomentumKey Levels:Resistance: 954.5Pivot: 921.1Support: 890.0Preferred Case:On the H1, price is moving above the ichimoku cloud and is moving along ascending trendline which supports our bullish bias that price will rise from the pivot at 921.1 where the overlap support and 50% fibonacci retracement are to the intermediate resistance at 944.3 where the -61.8% […]

Type: Bearish MomentumKey Levels:Resistance: 134.850Pivot: 132.575Support: 130.275Preferred Case:On the H1, with price moving below the ichimoku cloud, we have a bearish bias that price will drop to the pivot at 132.575 in line with the swing low support and 100% fibonacci projection. Once there is downside confirmation, we could expect price to drop to the […]

Type: Bullish RiseKey Levels:Resistance: 116.61Pivot: 111.20Support: 107.09Preferred Case:On the H1, price is moving above the ichimoku cloud and has broken the descending trendline which supports our bullish bias that price will drop and rise from the pivot at 111.20 where the overlap support is to 1st resistance at 116.61 in line with swing high resistance […]