Tag: tickmill
Type: Bearish ReversalKey Levels:Resistance: 128.11Pivot: 127.65Support: 127.009Preferred Case:On the H4, with price moving below the Ichimoku cloud and the stochastic indicator moving in a downtrend channel, we have a bearish bias that prices will drop to our 1st support at 127.009 where the overlap support is from our pivot at 127.65 in line with horizontal […]
Type: Bullish BounceKey Levels:Resistance: 0.72608Pivot: 0.7051Support: 0.69483Preferred Case:On the H4, with price moving above the Ichimoku cloud and price breakout from the descending trendline, we have a bullish bias that price will rise to our 1st resistance at 0.72608 where the 50% Fibonacci retracement is from our pivot at 0.7051 in line with the horizontal […]
NZD Higher Following RBNZThe New Zealand Dollar continues to trade higher today following a firmly hawkish meeting from the RBNZ overnight. On the back of a recent 4% recovery rally against USD, NZD saw around a further 1% gain overnight as the RBNZ hiked rates for a second consecutive meeting and upgraded its rates forecasts […]
Type: Bullish BounceKey Levels:Resistance: 1718’6Pivot: 1692’4Support: 1676’4Preferred Case:With MACD moving in a bullish momentum and prices breaking the Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at1718’6 in line with the 61.8% Fibonacci projection and horizontal swing high resistance from our pivot of 1692’4 in line with […]
Type: Bullish RiseKey Levels:Resistance: 62005Pivot: 61328Support: 61328Preferred Case:With price moving within the ascending trend channel and above the ichimoku cloud, it supports our bullish bias that price will bounce off the pivot at 61328 in line with the confluence area with 50% fibonnaci retracement, 23.6% fibonacci retracement and 78.6% fibonacci projection , to the 1st […]
Type: Bullish BounceKey Levels:1st Resistance: 771’62nd resistance: 785’6Pivot: 760’2Support: 749’4Preferred Case:With price reaching the bottom of the trend channel and is expected to move within it, we have a bullish bias that price will rise from the pivot level at 760’2 in line with 78.6% Fibonacci projection and 161.8% Fibonacci extension , to the 1st […]
USD Poised for FOMC MovesTonight’s FOMC minutes release will of course be centre stage for traders. The recent squaring of long positions in USD puts the Dollar in a very interesting place ahead of the event because on the one hand, if the minutes are encouraging for USD, there is plenty of room for capital […]
GBPCAD On Watch Price action in GBPCAD is looking interesting here. The pair has been moving lower in a tight bearish channel over recent months. However, the most recent lows saw strong bullish divergence with price subsequently breaking out above the bear channel highs. In light of these movements, we are now potentially dealing with […]
Type: Bullish BreakoutKey Levels:Resistance: 14609Pivot: 14149Support: 13735Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price may reverse and rise from our pivot at 14149 overlap support in line with 50% fibonacci retracement, to our 1st resistance at 14609 in line with the 100% fibonacci projection and […]
Type: Bullish BounceKey Levels:Resistance: 0.65474Pivot: 0.64133Support: 0.62898Preferred Case:On the H4, with price moving above the Ichimoku cloud and price breakout from the descending trendline, we have a bullish bias that price will rise to our 1st resistance at 0.65474 where the 38.2% Fibonacci retracement and horizontal swing high resistance are from our pivot at 0.64133 […]