Tag: tickmill

Type: Bullish ContinuationKey Levels:Resistance: 2708Pivot: 2523Support: 2452Preferred Case:We see the potential for bullish continuation from our Pivot level at 2523 in line 23.8% Fibonacci retracement towards our 1st Resistance at 2708 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection . Our bullish bias is further supported by the stochastic indicator where price trading […]

Type: Bearish ReversalKey Levels:Resistance: 1963.6Pivot: 1948.2Support: 1894.9Preferred Case:Prices have recently broken out of our ascending trendline and retested it. We see the potential for a further bearish continuation from our Pivot at 1948.2 in line graphical overlap, 23.6% Fibonacci retracement towards our 1st support at 1894.9 in line with 127.2% Fibonacci projection. Our bearish bias […]

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 […]

Type: Bearish ReversalKey Levels:Resistance: 69185Pivot: 68708Support: 66493Preferred Case:Prices have recently broken out of our ascending trendline and retested it. We see the potential for a further bearish continuation from our Pivot at 68708 in line graphical overlap and 78.6% Fibonacci projection towards our 1st support at 66493 in line with 61.8% Fibonacci projection ad 78.6% […]

CADJPY Breaks OutThe recent breakout trade in CADJPY has hit its first target at 94.06. With the retail market heavily short the pair and with both MACD and RSI firmly bullish, there is plenty of room for the pair to continue higher here with the next upside target at 96.30. The bounce in crude oil […]

The Bank of England raised rates by 25 bp up to 0.75%, broadly in line with market consensus. Eight members out of nine voted in favor of the hike, one voted to leave the rate unchanged. Compared to the February meeting, officials’ opinions were divided much less hawkishly: at that time, four officials voted for […]

Type: Bearish MomentumKey Levels:Resistance: 220.95Pivot: 213.75Support: 200.60Preferred Case:Price is near pivot level of 213.75 in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Price can potentially move towards the 1st support level which is graphical swing low support. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator.Alternative Scenario:Price could […]

Credit AgricoleAsia overnight Global risk-correlated assets continued trading with a bid tone as confidence grew that the global economy could withstand the triple threat of geopolitical, stagflation and monetary policy tightening risks. Indeed, despite their latest recovery, global energy prices remain well below their recent highs in part because hopes for a ceasefire in Ukraine […]

Type: Bearish DropKey Levels:Resistance: 1728’4Pivot: 1691’6Support: 1637’4Preferred Case:With price expected to reverse off the Ichimoku cloud resistance , we have a bearish bias that price will drop to our 1st support at 1637’4 in line with the horizontal swing low support and 61.8% Fibonacci projection from our pivot at 1691’6 in line with the 50% […]

BOE Hikes As ExpectedThe Bank of England pressed ahead with its third-rate hike in just four months yesterday. Governor Andrew Bailey announced a .25% hike, well in line with market expectations, citing the need to combat soaring inflation. While there are concerns about the further pressure this will put on consumers and UK households, The […]