Tag: tickmill
Daily Market Outlook, May 13, 2022 Overnight Headlines Shanghai Aims To Achieve No Community Spread By Mid-May Rate Hike Bets Build In Japan, Despite BoJ Easy Money Insistence BoJ’s Kuroda: Expected Rise In Inflation Will Lack Sustainability Kuroda Rules Out Near-Term Chance Of Tweaking BoJ’s Dovish Guidance Australian DefMin: Chinese Spy Ship In Waters ‘An […]
Type: Bearish ReversalKey Levels:Resistance: 0.71248Pivot: 0.70107Support: 0.68466Preferred 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 0.68466 where our horizontal swing low is at from our pivot at 0.70107 in line with horizontal swing high and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, […]
Type: Bullish BounceKey Levels:Resistance: 105.384Pivot: 103.599Support: 102.487Preferred Case:On the H4, with price expected to bounce off the Ichimoku support, we have a bullish bias that price will rise to our 1st resistance at 105.384 in line with 78.6% Fibonacci projection from our pivot of 103.599 in line with our horizontal swing low.Alternative Scenario:Alternatively, price may […]
Fed chairman Jerome Powell warned markets yesterday that the central bank cannot promise a soft landing. The Fed is fighting to get inflation under control and back down to its 2% target while minimizing the impact of tightening on the economy, a so-called soft landing. However, with inflation running well above target the Fed has […]
AUDJPY Takes The PlungeIt’s been another weird and wonderful week in financial markets. We’ve see all kinds of action plenty of interesting developments with crypto markets crashing, the Dollar soaring and the Fed confirming plans to hike by further .5% increments in coming weeks. In terms of picking the best market action to cover, in […]
Type: Bullish BounceKey Levels:Resistance: 801’6Pivot: 791’4Support: 783’0Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal pullback resistance from our pivot of 791’4 in line with the 38.2% Fibonacci retracement and horizontal pullback support area.Alternative Scenario:Alternatively, price may break […]
Type: Bullish BounceKey Levels:Resistance: 1634’2Pivot: 1611’0Support: 1591’2Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1611’0 in line with the 50% Fibonacci retracement and horizontal pullback support area.Alternative Scenario:Alternatively, price may […]
Mizuho Warns Over Russia-Ukraine ImpactShares in Japan’s third-largest lender, Mizuho, are sitting on major support today following the release of Q1 earnings yesterday. The group noted a 56% drop in net-profits which fell back to 51.4 billion yen. The group cited major downside risks from Russia-Ukraine violence as the main driver behind the dip in […]
Type: Bullish BounceKey Levels:Resistance: 1196’4Pivot: 1154’2Support: 1132’6Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1154’2 in line with the 38.2% Fibonacci retracement and and 78.6% Fibonacci project.Alternative Scenario:Alternatively, price may […]
AUDJPY Breakdown UnderwayThe recent AUDJPY short idea highlighted in a market spotlight this week has now hit its first target at 89.13. The reversal in risk appetite over recent session and the rise in safe haven support for JPY has helped drive the pair lower and with the retail market reducing its net-short position rapidly […]