Tag: tickmill
Type: Bullish BounceKey Levels:Resistance: 4.5230Pivot: 4.4320Support: 4.3950Preferred Case:Price is moving nearer to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 4.4320 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 4.5230 which is in line with 38.2% Fibonacci retracement and 61.8% Fibonacci […]
Mixed Start For Risk MarketsA choppy start to the week for global equities indices. A stronger US Dollar continues to hamper risk appetite although we have seen better two-way action today on the back of a rebound in US tech stocks, which is helping the broader risk complex. Markets were roiled last week by comments […]
GBPCAD Sells Off AgainThe GBPCAD breakdown trade highlighted recently has triggered with GBPCAD moving through the 1.6293 level support. With GBP under heavy selling pressure over fresh growth fears, the focus now is on a drop down to the target at 1.5899. Recent UK data confirmed the worst consumer confidence in 30 years as UK […]
Shares in US social media company Twitter are trading around 5% higher pre-market today following news that the company has approved Elon Musk’s $44 billion takeover bid. Following news of the successful bid, Musk tweeted on the deal saying: “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square […]
Type: Bullish BounceKey Levels:Resistance: 1.09215Pivot: 1.07694Support: 1.0711Preferred Case:On the H4, with price expected to bounce off the stochastic indicator, we have a bullish bias that price will rise to our 1st resistance at 1.09215 where the horizontal swing high resistance and 38.2% Fibonacci retracement is from our pivot of 1.07694 in line with the horizontal […]
CIBCFX FlowsEmmanuel Macron’s win was historic, first president to win a re-election in two decades as well as first to win while controlling the government. His victory was decisive but EUR$ price action was somewhat disappointing. Ended New York last Friday at 1.0790, pre-opened higher then paid at 1.0852 which was the official open and […]
Type: Bullish BounceKey Levels:Resistance: 0.7284Pivot: 0.71638Support: 0.70946Preferred Case:Price is near the key pivot level. We see the potential of a bullish bounce from pivot level of 0.71638 in line with 100% fibonacci projection towards the 1st resistance level of 0.7284 in line with 38.2% fibonacci retracement and 100% fibonacci projection.Alternative Scenario:Otherwise, price might break the […]
Type: Bullish BounceKey Levels:Resistance: 2968Pivot: 2890Support: 2717Preferred Case:On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our pivot at 2890 where the pullback resistance is to our 1st support at 2717 in line with the daily horizontal overlap support and 161.8% Fibonacci extension.Alternative Scenario:Alternatively, […]
Daily Market Outlook, April 26, 2022 Overnight Headlines China Central Bank Seeks To Calm Markets With Support Pledge Japan Readies $48bn Package To Ease Inflation Pain – Nikkei Goldman Sachs Now Sees ECB Hiking Interest Rates In July Oil Advances As Investors Weigh China’s Covid-19 Resurgence Dollar Ascends On China Covid Fears, Fed Rate Hike […]
Gold & Silver Fall As USD Strengthens on Hawkish Fed ViewsThe yellow metal remains under pressure this week, opening with heavy selling in Europe, as traders digest recent hawkishness from the Fed. Fed chairman Powell last week confirmed that the Fed is looking to hike rates by 0.5% in May and is committed to aggressively […]