Tag: tickmill
The ECB has finally taken the lead. The minutes of the ECB meeting released yesterday showed that the influence of hawks in the Governing Council is increasing and willingness of the ECB to move to tightening as early as possible has increased significantly. A rate hike in July becomes the base case for markets, but […]
Type: Bearish ContinuationKey Levels:Resistance: 103.295Pivot: 103.125Support: 102.965Preferred Case:With price moving below the ichimoku cloud, we have a bearish bias that price will drop to our suport in line with the horizontal swing low support from our pivot in line with the horizontal swing high support and 38.2% Fibonacci retracement.Alternative scenario: Alternatively, price may break pivot […]
Type: Bearish ReversalKey Levels:Resistance: 128.86Pivot: 128.088Support: 127.162Preferred Case:On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that prices will drop to our 1st support at 127.162 where our horizontal swing low support is at from our pivot at 128.088 in line with horizontal overlap resistance and 38.2% Fibonacci retracement.Alternative […]
Type: Bullish BounceKey Levels:Resistance: 1.25452Pivot: 1.23939Support: 1.23312Preferred Case:On the H4, with prices moving above the Ichimoku indicator, we have a bullish bias that price will rise from our pivot at 1.23939 where the horizontal overlap support is to our 1st resistance at 1.25452 in line with the 61.8% Fibonacci projection.Alternative Scenario:Alternatively, price may break pivot […]
Credit AgricoleAsia overnightRisk sentiment has seemingly improved somewhat overnight with the main Asian stock markets as well as the US and European stock market futures recovering. The recovery came on the back of evidence that Chinese lenders have moved to ease the funding conditions by lowering their five-year loan prime rate by a record amount. […]
Daily Market Outlook, May 20, 2022 Overnight Headlines Fed Set On Half-Point Hikes, Undeterred By Stock Slump Fed’s Kashkari: Strong Finances Could Mean More To Do Labour Market In Focus Jobless Claims Hit 4-Month High Sec Yellen Reject Idea Of Fed Raising 2% Inflation Target White House Believe Biden, Xi To Talk In Coming Weeks […]
Type: Bullish BounceKey Levels:Resistance: 1679’2Pivot: 1662’2Support: 1650’2Preferred Case:With price bouncing off our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1679’2 in line with the swing high resistance from our pivot of 1662’2 in line with the horizontal overlap support and 61.8% Fibonacci retracement .Alternative Scenario:Alternatively, […]
Type: Bullish BounceKey Levels:Resistance: 222.25Pivot: 216.00Support: 210.80Preferred Case:With price bouncing off our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 222.25 in line with the horizontal pullback resistance from our pivot of 216.00 in line with the horizontal overlap support and 78.60% Fibonacci retracement .Alternative Scenario:Alternatively, […]
S&P On The Cliff EdgePrice action in the ES (Emini S&P futures) is looking very interesting to the short side here. Yesterday’s large outside candle holds the potential to drive a fresh phase of weakness in the index. Following the initial downside break of the bear channel, the subsequent correction ran into heavy selling and […]
Type: Bullish BounceKey Levels:Resistance: 648’1Pivot: 633’1Support: 626’0Preferred Case:With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 648’1 in line with the horizontal pullback resistance and 61.8% Fibonacci projection from our pivot of 633’1 in line with the 38.2% Fibonacci retracement and horizontal […]