Tag: tickmill
Type: Bullish RiseKey Levels:Resistance: 62842Pivot: 61613Support: 60555Preferred Case:On the H1, price is bouncing off the ichimoku support which supports our bullish bias that price will rise from the pivot at 61613 where the overlap support and 61.8% fibonacci retracement are to the 1st resistance at 62842 in line with the 61.8% fibonacci projection and swing […]
EURJPY Breakout in Full SwingThe rally in EURJPY this week has seen ourrecent long idea hitting its target at 140.82. Weakness in JPY amidst an uptick in risk sentiment is helping drive the pair higher. Additionally, hawkish ECB expectations ahead of the upcoming ECB meeting this week are adding further support. With the ECB expected […]
Type: Bullish RiseKey Levels:Resistance: 51144Pivot: 50723Support: 50416Preferred Case:On the H1, stochastic indicator is bouncing off resistance level which supports our bullish bias that price will rise from the pivot at 50723 where the swing low support and 78.6% fibonacci retracement are to the 1st resistance at 51144 in line with the pullback resistance and 61.8% […]
Type: Bullish RiseKey Levels:Resistance: 1716’4Pivot: 1702’6Support: 1675’4Preferred Case:Price is moving below the ichimoku cloud which supports our bearish bias that price will drop from the pivot at 1702’6 where the overlap resistance and 23.6% fibonacci retracement are to the 1st resistance at 1716’4 in line with the swing high resistance, 50% fibonacci retracement .Alternative Scenario:Alternatively, […]
The RBA surprised markets on the meeting today delivering a hawkish 50 bp rate hike. Consensus forecast was a 25 bp move, swap markets priced in a bit more aggressive move of 40 bp. The RBA decided to take decisive action against inflation, which accelerated to 5.1% YoY according to the latest data, while consumption […]
CADJPY Heading HigherAs with my EURJPY long, the recent CADJPY breakout idea has now hit its target at 105.33 following the breakout above 102.17. JPY weakness has been a prevailing market theme over recent weeks and both CAD and EUR have been well positioned to take advantage of this dynamic. With the BOC hiking rates […]
Type: Bullish RiseKey Levels:Resistance: 51386Pivot: 50900Support: 50578Preferred Case:On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 50900 where the overlap support, 50% fibonacci retracement and 61.8% fibonacci projection are to the 1st resistance at 51386 in line with the swing high […]
Type: Bullish RiseKey Levels:Resistance: 120.88Pivot: 119.21Support: 117.64Preferred Case:On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 119.21 where the pullback support is to the 1st resistance at 120.88 in line with the swing high resistance and 61.8% fibonacci projectionAlternative Scenario:Alternatively, price […]
Type: Bullish RiseKey Levels:Resistance: 12662.5Pivot: 11067.9Support: 10493.8Preferred Case:On the H4, with price moving within the ascending trend channel and above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 11067.9 in line with the swing low and 50% fibonacci retracement to the 1st resistance at 12662.5 in […]
Type: Bullish RiseKey Levels:Resistance: 7366Pivot: 7154.3Support: 6996.2Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending trendline, we have a bullish bias that price will rise from the pivot at 7154.3 in line with the 61.8% fibonacci projection to the 1st resistance at 7366 in line with the overlap resistance […]