Tag: tickmill
An attempt by S&P 500 to decisively break below 4000points on Tuesday was not successful, however, the subsequent rebound has notyet found wide support among buyers. Retail and institutional sentimentindicators are in an extremely bearish zone (13-year high), which increases theodds of a rebound in case of emergence of some bullish catalyst:Today’s US CPI release […]
Coinbase In TroubleShares in leading crypto exchange Coinbase are falling even faster this week. Amidst the broader stock plunge we’ve seen recently, linked to hawkish Fed expectations, coin base shares have been falling rapidly. Shares in the company are now down around 80% on the year as crypto volumes have sunk on falling crypto prices. […]
Type: Bullish RiseKey Levels:Resistance: 1132’6Pivot: 1084’2Support: 1068’2Preferred Case:With price bouncing off the Ichimoku cloud support, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot in line with the horizontal swing low support and 50% Fibonacci retracement.Alternative Scenario:Alternatively, price may break […]
Type: Bearish ContinuationKey Levels:Resistance: 785’4Pivot: 777’0Support: 767’2Preferred Case:With the Ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the 78.6% Fibonacci retracement and horizontal pullback support from our pivot of 767’2 in line with the horizontal pullback support from our pivot of 777’0 […]
Some stabilization in risk demand after yesterday’s sell-off is helping currencies correlated with economic growth expectations (high-beta currencies) to regain some of what they lost yesterday. Against this backdrop, the dollar’s rally is being thwarted, but any correction lower could be met with strong support as the Fed has taken a major lead in the […]
CIBCFX FlowsEarly birds paid $YEN up to 130.575, no headlines, one Japanese friend said to me he saw US banks hitting the offers. I believe the move could be due to the positive start in the US equity futures. Things turned sour, e-minis pared gains and $YEN reversed back. Demand for the Tokyo fix cushioned […]
It’s been a tough start to the week for global equities indices with the four benchmarks tracked here each falling to multi-month lows on Monday. The growing wave of central bank monetary tightening, along with rising inflation and ongoing supply-chain risks is adding to fears of a global pull-back. Central bankers have warned about the […]
Type: Bearish ContinuationKey Levels:Resistance: 1622’6Pivot: 1611’2Support: 1581’0Preferred Case:With the ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the swing low support at 1581’0 from our pivot of 1611’2 in line with the 38.2%, 50% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Alternatively, price […]
Tesla Shares Fall Lower Again This Week Tesla shares continue to plunge lower this week. The company has undergone a sharp shift in sentiment since the test of 1142.17 highs with shares having now dropped by over 30% since that latest peak, currently sitting on support at the 777.11 level. News of Elon Musk’s purchase […]
EURCAD Testing Channel TopPrice action in EURCAD is looking interesting here. The pair has been grinding steadily lower within a well-respected bear channel over the course of 2022 so far. However, we’ve seen strong bullish divergence creeping in at the recent lows. Price has since reversed higher off the 1.3439 level and is testing the […]