Tag: tickmill
Hawkish Lagarde CommentsComments from ECB’s Lagarde this morning underlined the hawkish shift taking place at the ECB. Making her opening comments at the bank’s Sintra Forum in Portugal, Lagarde warned that the ECB would be nimble in its policy approach.The ECB chief said that while current plans are for a .25% hike in July, the […]
Type: Bullish RiseKey Levels:Resistance: 123.56Pivot: 113.13Support: 106.65Preferred Case:On the H4, with price recently breaking the descending trendline, we have a bullish bias that price will continue to rise from the pivot at 113.13 at the pullback support in line with the 38.2% fibonacci retracement to the 1st resistance at 123.56 at the horizontal swing high […]
Key US stock indexes failed to build on the success of last Friday on Monday recording slight decline. Today futures on US indices and European equities rallied with gains not exceeding 1%. The FX market is dominated by range-bound moves, the dollar index trades near the opening below the level of 104. Further upside advances […]
EURUSD Double Bottom on Watch Price action in EURUSD is starting to look interesting here. The pair has been moving steadily lower within a clearly defined bear channel from the 2021 highs. However, recently we’ve seen the pair finding big support at the 1.0364 level, which has paused the decline for now. We’re seeing big […]
Gold & Silver Bouncing Within Recent RangesMetals traders may well now be thinking what is it going to take to see gold and silver break out of these ranges? Despite all the various economic and geopolitical events of note over the last month two months, both metals are still well within their recent ranges and […]
Type: Bearish MomentumKey Levels:Resistance: 780’3 Pivot: 758’5Support: 720’4Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trend channel, we have a bearish bias that price will drop from the pivot at 758’5 in line with the overlap support to the 1st support at 720’4 in line with the 78.6% […]
Type: Bullish RiseKey Levels:Resistance: 0.78315Pivot: 0.77760Support: 0.77475Preferred Case:On the H1, price is moving above the ichimoku cloud and has broken out of descending trendline which supports our bullish bias that price will rise to the pivot at 0.77760 where the swing high resistance and 38.2% fibonacci retracement are. Once we have upside confirmation, we would […]
Type: Bullish RiseKey Levels:Resistance: 22.565Pivot: 21.495Support: 20.840Preferred Case:On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise to the pivot at 21.495 where the swing high resistance and 161.8% fibonacci extension are. Once we have upside confirmation, we would expect bullish momentum to carry price to […]
ASX On The ReboundThe rebound in risk appetite this week is bringing some equities indices into very interesting areas. Following a heavy sell off over much of June in response to the larger-than-expected RBA rate hike, the ASX200 is now trading firmly higher. However, the market is fast approaching a key resistance area between 6753.90 […]
The Turkish Lira is seeing huge volatility today as traders react to the latest intervention from the government. On Friday, the government announced a new loan ban in Turkey which precludes lenders from issuing funding to corporates holding more than 15 million Liras and if the total sum of the loan exceeds 10% of total […]