Tag: tickmill
GBPCAD Reversal Set UpPrice action in GBPCAD is looking very interesting here to play to the long side. Following a couple of really great short trades over the prior decline, the pair looks to have bottomed recently. The block of consolidation which formed over May saw strong bullish divergence on momentum studies. Price has since […]
Type: Bullish RiseKey Levels:Resistance: 1.96554Pivot: 1.94163Support: 1.92756Preferred Case:On H4, price is bouncing off Ichimoku indicator we have a bullish bias that price will rise from our pivot at 1.94163 where horizontal pullback support is and is expected to approach the first resistance level at 1.96554 in line with the swing high resistance.Alternative Scenario:Price may break […]
EUR Rallying on Lagarde CommentsEUR is rallying today on the back of comments from ECB president Christine Lagarde earlier this morning. Writing in a blog post today, Lagarde said: “I expect net purchases under the APP to end very early in the third quarter. This would allow us a rate lift-off at our meeting in […]
Type: Bullish BounceKey Levels:Resistance: 1.61977Pivot: 1.60998Support: 1.60349Preferred Case:On H4, price has bounced off Ichimoku indicator thus we have a bullish bias that price will continue to rise from our pivot at 1.60998 to 1st resistance swing high at 1.61977 and intermediate resistance at 1.61493 in line with 50% fibonacci retracement. Ascending trendline on RSI further […]
The Chinese hedge fund segment, worth about $1 trillion, could worsen the turmoil in the stock market, as massive losses force some portfolio managers to cover their loss by indiscriminately selling their assets.Some 2,350 equity-linked hedge funds fell below the point at which they would normally need to cut holdings last month, with many close […]
USDCHF Reversal UnderwayFeels like I’ve been saying this a lot recently but it’s been another hectic week for markets with plenty of big moves across the board. Important to remember that we don’t always get this type of volatility so its important to make the most of it. Certainly, a plentiful time for momentum traders. […]
Type: Bullish BounceKey Levels:Resistance: 50906Pivot: 50469Support: 50300Preferred Case:With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 50906 in line with the 61.8% Fibonacci projection , 100% fibonacci projection , -27.2 fibonacci expansion and overlap resistance from our pivot of 50469 in line […]
Retail Activity Rises Despite Inflation The British Pound has seen strong demand again today following an unexpectedly strong set of retail sales for April. The data, released this morning, showed that retail sales grew by 1.3% last month. This was in stark contrast to the -0.3% reading the market was expecting and marks a sharp […]
Type: Bearish ContinuationKey Levels:Resistance: 8868Pivot: 8567Support: 8281Preferred Case:With price moving below our ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 8281 in line with the 61.8% Fibonacci projection , 38.2% fibnonacci retracement, 61.8% Fibonacci retracement and horizontal swing low support from our pivot of 8567 in […]
Type: Bullish BounceKey Levels:Resistance: 1702’6Pivot: 1684’0Support: 1661’4Preferred Case:With price being above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1702’6 in line with the swing high resistance and 61.8% Fibonacci projection from our pivot of 1684’0 in line with the horizontal overlap support and 23.6% […]