Tag: tickmill
Type: Bullish RiseKey Levels:Resistance: 695’7Pivot: 664’7Support: 645’7Preferred Case:We are expecting the price to potentially rise from our pivot level of 664’7 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 695’7 which is in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Otherwise, the price might break our pivot structure and […]
Type: Bullish RiseKey Levels:Resistance: 19.37Pivot: 18.98Support: 18.84Preferred Case:We are expecting the price to potentially rise from our pivot level of 18.98 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection towards our 1st resistance level of 19.37 which is in line with 50% Fibonacci retracement and 61.8% Fibonacci projection.Alternative Scenario:Otherwise, the price might break […]
Putin Backs Up ThreatsRussia has this week followed through on its threat to sever gas supplies with countries refusing to meet Putin’s demand that gas payments be made in Rubles. Gas supply to Poland and Bulgaria has been switched off in light of both countries refusing to satisfy Putin’s demands. With further payment deadlines from […]
CIBCFX Flows$YEN had a very brief visit to 126.965 early this morning, there was no headlines so we believe it was positioning in thin market. $YEN headed higher after Tokyo opened, yields of UST also gained. Good demand for the Tokyo fix sent the pair to 127.64. Activity slowed soon after, $YEN drifted lower. $YEN […]
Deutsche Bank, one of the first major global investment banks, recently stated in its report that the global economy will face a recession next year. Some time later, bank analysts came up with an even more depressing forecast, which says that markets may underestimate its scale, as the strong increase in inflation expectations will force […]
Type: Bullish BounceKey Levels:Resistance: 223.45Pivot: 218.70Support: 213.60Preferred Case:Price is near to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 218.70 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance level of 223.45 which is in line with 38.2% Fibonacci retracement.Alternative […]
Type: Bearish ContinuationKey Levels:Resistance: 1704’6Pivot: 1687’6Support: 1659’2Preferred Case:With price moving below the ichimoku cloud, we see a potential bearish continuation from our pivot level of 1687’6 which is in line with 38.2% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1659’2 which is in line with the horizontal swing low support.Alternative […]
GBPAUD Rejected At Key LevelGBPAUD price action is looking interesting for bears here. The decline from the break through the rising trend line over late 2021/early 2022 has seen the market breaking through several key levels. The break of 1.7813 (major support level) was a strongly bearish development for the pair. With price having recently […]
Type: Bullish BounceKey Levels:Resistance: 23.870Pivot: 23.280Support: 22.875Preferred Case:Price is near to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 23.280 in line with 138.2% Fibonacci extension towards our 1st resistance level of 23.870 which is in line with 23.6% Fibonacci retracement.Alternative Scenario:Otherwise, the price might […]
Tesla Sell Off DeepensShares in US automaker and alternative energy firm Tesla have come under heavy selling pressure this week. The company’s stock plunged by 12% yesterday over concerns relating to the company’s founder and CEO, Elon Musk, agreeing to but Twitter for $44 billion. Stockholders are reportedly concerned that, in order to finance the […]