Tag: tickmill
Metals Weaken As Risk Sentiment ReboundsMetals prices have been seen lightly bid at the start of the week, though still down sharply off recent highs. Gold prices are currently down around 7.2% from the multi-year highs printed earlier in the month. Risk sentiment has rebounded firmly over the last fortnight as markets begin, cautiously, to […]
Type: Bearish DipKey Levels:Resistance: 2583Pivot: 2548Support: 2492Preferred Case:We see the potential for bullish continuation from our Pivot level at 2548 in line 38.2% Fibonacci retracement towards our 1st Support at 2492 in line 61.8% Fibonacci retracement. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator.Alternative Scenario:If price continues to go […]
ETH Triangle TradeIt’s been a frustrating time for crypto bulls recently. The current “crypto winter” as its been called has seen major digital coins, such as Ethereum, shedding value over the year so far. Recently, however, the downturn has paused and price action has settled into ranging activity. ETH has been trading within a broad […]
NZDCHF Breaking OutThe recent rally in NZDCHF is starting to gather pace now. The move above the .6232 base has seen price blowing through .6387, currently stalled at the .6466 level. With the retail market more than 80% short the pair, there is plenty of room for the current rally to continue. Look for the […]
Type: Bearish ReversalKey Levels:Resistance: 0.69807Pivot: 0.69255Support: 0.68086Preferred Case:On the H4, price is expected to drop closer to the ascending trendline. Price is near 1st resistance level of 0.69255 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Price can move towards the 1st support level of 0.68086 which is in line with 61.8% Fibonacci […]
Type: Bullish BounceKey Levels:Resistance: 0.94273Pivot: 0.92957Support: 0.92569Preferred Case:On the H4, with price expected to bounce off the support of the stochastics indicator, Ichimoku cloud and the support of a potential ascending channel , we have a bias that price will rise to our 1st resistance at 0.94273 in line with the 78.6% Fibonacci retracement from […]
Daily Market Outlook, March 21, 2022 Overnight Headlines White House: US Pres Biden To Visit Poland On Europe Trip This Week China Keeps Benchmark Lending Rates Unchanged, As Expected NZIER Forecasts Show A Mixed Growth Outlook Amidst Higher Inflation New Zealand Posts Monthly Trade Deficit Of NZ$-385Mln In February Hong Kong Eases Travel Curbs That […]
Type: Bearish ReversalKey Levels:Resistance: 1081.6Pivot: 1068.6Support: 1032.6Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a further bearish continuation from our Pivot at 1068.6 in line graphical overlap, descending trendline, 50% Fibonacci retracement and 23.6% Fibonacci retracement towards our 1st support at 1032.6 in line with 61.8% […]
Type: Bearish ReversalKey Levels:Resistance: 25.575Pivot: 25.240Support: 24.690Preferred Case:Prices are on bearish momentum and abiding to our descending trendline resistance. We see the potential for a further bearish continuation from our Pivot at 25.240 in line graphical overlap and 38.2% Fibonacci retracement towards our 1st support at 24.690 in line with 161.8% Fibonacci projection. Our bearish […]
Type: Bearish ReversalKey Levels:Resistance: 4.934Pivot: 4.709Support: 4.415Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a further bearish continuation from our Pivot at 4.709 in line graphical overlap, descending trendline and 61.8% Fibonacci retracement towards our 1st support at 4.415 in line with 61.8% Fibonacci projection. Our […]