Tag: tickmill

NZCAD Sell-Off DeepensThe NZDCAD short trade issued ahead of the recent BOC meeting is developing nicely with price close to hitting the final target at .8351. The Canadian Dollar has been much stronger in the wake of the meeting, which saw the BOC hike rates by .5%. However, the .8351 level marks an important level […]

Type: Bullish BounceKey Levels:Resistance: 0.67284Pivot: 0.65331Support: 0.63834Preferred Case:We see the potential of bullish bounce from pivot level of 0.65331 in line up with 161.8% fibonacci extension and 78.6% fibonacci projection towards the 1st resistance level of 0.67284 in line with 38.2% fibonacci retracement.Alternative Scenario:Alternatively, price might break through the key pivot level and trigger a […]

NZDUSD Hits Second Target The NZDUSD short trade from .6806, issued ahead of the latest US CPI readings, has now hit its second target at .6596. NZD has come under heavy selling pressure over recent sessions as a reversal lower in risk assets has hit the high-beta currency. With Fed hawkishness and fresh uncertainty around […]

Type: Bullish BounceKey Levels:Resistance: 6.607Pivot: 6.260Support: 6.013Preferred Case:Price is moving nearer to the pivot level. We are expecting the price to potentially bounce off from our pivot level of 6.260 in line with 61.8% Fibonacci projection and -27.2% Fibonacci expansion towards our 1st resistance level of 6.607 which is in line with 38.2% Fibonacci retracement […]

Daily Market Outlook, April 22, 2022 Overnight Headlines Nomura Expects Fed To Hike By 75 Basis Points In June And July Fed’s Powell, Half-Point Hike In View, Completes Hawkish Pivot Fed’s Daly: Hiking Fed Policy Rate Beyond 2.5% Is Open Question Bank Of Canada Leaves Door Open To A 75-Basis-Point Rate Hike UK Consumer Confidence […]

Another week comes to a close for traders and it’s been nice for many to get back into the swing of things following the Easter break. In terms of market action it’s been a funny old week indeed. The main theme over the first half of the week was the sharp weakening in JPY which […]

CIBCFX FlowsJapanese Finance Minister Suzuki told reporters that he had discussed the recent rapid decline of the YEN with Treasury Sec Yellen. Both agreed to communicate closely on currency moves. He can’t comment on possibility of intervention. $YEN moved little higher but very cautiously. Annual inflation rose 1.2% in March, many economists said CPI likely […]

Type: Bullish BounceKey Levels:Resistance: 139.967Pivot: 137.154Support: 135.611Preferred Case:With price expected to bounce off the support of the ichimoku cloud, we have a bullish bias that price will rise from our pivot of 137.154 in line with the 50% Fibonacci retracement, 78.6% Fibonacci projection and horizontal pullback support to our 1st resistance of 139.967 in line […]

Type: Bullish BounceKey Levels:Resistance: 95.765Pivot: 93.092Support: 90.924Preferred Case:With price expected to bounce off the support of the ichimoku cloud and the stochastic indicator, we have a bullish bias that price will rise from our pivot of 93.092 in line with the 50% Fibonacci retracement and horizontal pullback support to our 1st resistance of 95.765 in […]

Type: Bullish RiseKey Levels:Resistance: 1726’4Pivot: 1704’6Support: 1688’4Preferred Case:With price moving above the Ichimoku cloud and the ascending trendline, we have a bullish bias that price will rise to our 1st resistance in line with the 1726’4 in line with the swing high resistance from our pivot of 1704’6 in line with the 50% Fibonacci retracement […]