Tag: tickmill
Credit AgricoleAsia overnightRetreating USTyields and expectations for monetary policy easing in China both helped investor sentiment in the Asian session. UST yields are in modest retreat following the below-consensus US core inflation reading on Wednesday. China’s policymakers have indicated looser monetary policy is on the way. Most Asian bourses as well as S&P 500 futures […]
Type: Bullish BounceKey Levels:Resistance:Pivot:Support:Preferred Case:On the H4 timeframe, price is abiding to ascending trendline. We see the potential for a bullish continuation from our pivot level at 0.74299 in line with 50% Fibonacci retracement towards our 1st resistance level at 0.75364 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Alternatively, if price breaks […]
BOC Hikes And Signals More To ComeThe Canadian Dollar has seen fresh demand today following yesterday’s April BOC meeting. BOC governor Tiff Macklem announced a .5% hike, as expected, marking the bank’s largest rate hike in 20 years. While the move was well-anticipated by markets, CAD seems to have avoided the fate of NZD following […]
Oil Traders Continue to Reduce Longs The latest CFTC COT institutional positioning report shows that oil traders continued to reduce their net-long positions last week. Upside exposure has been steadily paired back for over a month now. Despite the ongoing reductions in long positions, oil prices have seen better demand this week with crude rallying […]
Type: Bullish BounceKey Levels:Resistance: 1.26644Pivot: 1.5541Support: 1.24303Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1.26644 in line with the 50% Fibonacci retracement and the swing high resistance from our pivot at 1.5541 in line with the 50% Fibonacci retracement and horizontal […]
CADCHF Eyeing Key LevelCADCHF is sitting at an interesting level here. Following the breakout above the .7367 highs, price has stalled into a test of major resistance at the .7496 level and is now sitting in a block of consolidation between the two level. .7496 has been a major ceiling for the pair over the […]
Type: Bullish BounceKey Levels:Resistance: 4.7660Pivot: 4.7370Support: 4.6840Preferred Case:We see the potential for a bearish continuation from our pivot at 4.7370 in line with 78.6% Fibonacci retracement our 1st support at 4.6840 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Alternatively, price may break our pivot structure and head for 1st resistance at 4.7660 […]
Type: Bearish ReversalKey Levels:Resistance: 1.02414Pivot: 1.01996Support: 1.01906Preferred Case:With price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our pivot at 1.01996 in line with the 38.2% Fibonacci retracement and horizontal overlap resistance to our 1st support at 1.00916 in line with the swing low support.Alternative Scenario:Alternatively, price may […]
Type: Bullish BounceKey Levels:Resistance: 1.0947Pivot: 1.08102Support: 1.06461Preferred Case:Price is near a key pivot. We see the potential for a bullish bounce from our pivot level of 1.08102 in line with 161.8% Fibonacci extension towards our 1st resistance level of 1.09381 in line with a 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is […]
Type: Bullish BounceKey Levels:Resistance: 0.68969Pivot: 0.68085Support: 0.67297Preferred Case:Price is near pivot level of 0.68085 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. It can potentially bounce up to 1st resistance level of 0.68969 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the stochastic indicator where […]