Tag: tickmill
Type: Bullish RiseKey Levels:Resistance: 17.980Pivot: 17.430Support: 16.990Preferred Case:Price is moving within the ascending trend channel and is breaking through the ichimoku cloud in an uptrend momentum which supports our bullish bias that price will rise from the pivot at 17.430 where the pullback support is to the 1st resistance at 17.980 in line with the […]
Kuroda Comments Weigh on JPYThe Japanese Yen is under pressure once again today, not least from the rebound in risk sentiment which is sapping safe-haven flows. BOJ governor Kuroda was seen making a series of dovish comments to Japanese parliament overnight. Kuroda told lawmakers that the BOJ will continue with its huge monetary easing program […]
Type: Bullish RiseKey Levels:Resistance: 731’3Pivot: 699’2Support: 684’6Preferred Case:Price is moving along the ascending trendline and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 699’2 where the pullback support is to the 1st resistance at 731’3 in line with the 78.6% fibonacci projection , 61.8% […]
EasyJet Testing Bearish Channel Shares in UK airliner EasyJet are reversing lower from initial gains following today following the firm coming under criticism following the latest wave of flight cancellations over the week. Holidaymakers and other passengers were left in distress following the cancellation of around 200 flights which left some UK airports in chaos […]
The macro data on the US economy released on Friday showed that high inflation in April failed to stifle consumer momentum in an economy that has a history dating back to post-COVID fiscal stimulus. Although household incomes did not grow as fast as expected (0.4% m/m, vs. 0.5% expected), consumers increased spending by 0.9% m/m, […]
Type: Bullish BounceKey Levels:Resistance: 0.72627Pivot: 0.70902Support: 0.69503Preferred Case:On the H1, with price moving above the ichimoku cloud and price moving within the ascending trend channel, we have a bullish bias that price will rise to our 1st resistance at 0.72627 where the swing high is from our pivot at 0.70902 in line with the 61.8% […]
The US Dollar is down against G10 currencies for a second consecutive week, there was a major attempt to break below the key 101.50 level in DXY following notable recovery in risk sentiment in the US equity market on Thursday which also provided some bullish momentum to APAC and European markets today. And while fluctuations […]
Type: Bullish BounceKey Levels:Resistance: 1869.9Pivot: 1846.5Support: 1832.7Preferred Case:On the H4, with prices moving above the ichimoku indicator and breakout from descending trendline, we have a bullish bias that price will rise from our pivot at 1846.5 where the horizontal pullback support is to our 1st resistance at 1869.9 in line with the horizontal swing high […]
Type: Bearish BreakoutKey Levels:Resistance: 775.63Pivot: 768.05Support: 758.5Preferred Case:On the H1, with price moving below the ichimoku cloud and within the descending trend channel, it supports our bearish bias that price will drop from our pivot at 768.05 in line with the 78.6% fibonacci projection and the 23.6% fibonacci retracement to our 1st support at 758.5 […]
Type: Bearish ReversalKey Levels:Resistance: 128.092Pivot: 128.092Support: 126.527Preferred Case:On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will drop from our pivot at 128.092 where the horizontal overlap resistance and 23.6% fibonacci retracement are to our 1st support at 126.527 in line with the swing low support.Alternative Scenario:Alternatively, […]