Tag: tickmill
Risk Appetite Weaker as Growth Concerns Take HoldGlobal equities indices have started the week on a softer footing as investors continue to show risk aversion. As traders in Europe return to their desks after the Easter holidays, uncertainty around the ongoing conflict in Ukraine remains the biggest headwind for asset prices. Alongside this, we are […]
Type: Bullish BounceKey Levels:Resistance: 1710’4Pivot: 1690’6Support: 1682’2Preferred Case:We see the potential for a bounce from our pivot at 1690’6 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 1710’4 in line with 100% Fibonacci projection and 161.8% Fibonacci extension.Alternative Scenario:Alternatively, price may break our pivot structure and head for […]
Suzuki Weighs in On JPY DeclineJapanese Finance minister Shunichi Suzuki this week warned over the negative impact to the Japanese economy that the current depreciation in the Yen is having. JPY has plunged by around 11% against USD, EUR and GBP since early March. Suzuki said that while “There are positive aspects to it…given the […]
Type: Bullish BounceKey Levels:Resistance: 20.32Pivot: 19.96Support: 19.81Preferred Case:We see the potential for a bounce from our pivot at 19.96 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 20.32 along with graphical swing high resistance.Alternative Scenario:Alternatively, price may break our pivot structure and head for 1st support at 19.81 […]
Type: Bearish DipKey Levels:Resistance: 26.415Pivot: 26.160Support: 25.835Preferred Case:We see the potential for a bearish dip from our pivot at 26.160 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st support at 25.835 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection.Alternative Scenario:Alternatively, price might break our pivot structure and head […]
Type: Bearish DipKey Levels:Resistance: 2421.0Pivot: 2396.0Support: 2302.0Preferred Case:We see the potential for a bearish dip from our pivot level at 2396.0 in line with 127.2% Fibonacci extension towards our 1st support level at 2302.0 in line with 61.8% Fibonacci projection.Alternative Scenario:Alternatively, price may break our pivot structure and head for 1st resistance at 2421.0 in […]
Type: Bearish DipKey Levels:Resistance: 4.7890Pivot: 4.7740Support: 4.7375Preferred Case:We see the potential for a bearish dip from our pivot at 4.7740 in line with 138.2% Fibonacci extension towards our 1st support at 4.7375 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection.Alternative Scenario:Alternatively, price may break our pivot structure and head for 1st resistance at […]
Type: Bullish BounceKey Levels:Resistance: 227.70Pivot: 221.75Support: 219.20Preferred Case:We see the potential for a bounce from our pivot at 221.75 in line with 127.2% Fibonacci extension towards our 1st resistance at 227.70 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension.Alternative Scenario: Alternatively, price may break our pivot structure and head for 1st support at […]
Type: Bearish ReversalKey Levels:Resistance: 0.94304Pivot: 0.93745Support: 0.92879Preferred Case:On the H4 timeframe, price is abiding by the ascending trendline. We see the potential for bearish reversal from our pivot level at 0.93745 in line with 61.8% Fibonacci retracement towards our 1st support level at 0.92879 which is in line with 50% Fibonacci retracement.Alternative Scenario:Alternatively, price might […]
Daily Market Outlook, April 14, 2022 Overnight Headlines Fed’s Waller: Likelihood Of Many Half-Point Hikes Ahead Sec Yellen Challenges China In New World Order Outlook US Weighs Sending Top-Level Official To Meet Zelenskyy US Extends Transit Mask Mandate To May On Covid Rise BoC’s Macklem: Banks Won’t Let 1970s Stagflation Arise PBoC Forecasted To Slash […]