Tag: tickmill

Credit AgricoleAsia overnightThe sustained dip in oil prices along with a bounce in Chinese technology stocks perked up sentiment in Asia. Investors remain wary of regulatory crackdowns from the Chinese or US governments (the latter on China-Russia ties) and cautious ahead of the FOMC decision later today. At the time of writing, most Asian bourses […]

Type: Bullish ContinuationKey Levels:Resistance: 4.940Pivot: : 4.497Support: 3.361Preferred Case:We see the potential for a further bullish continuation from our Pivot at 4.497 in line graphical swing low and ascending trendline towards our 1st resistance at 4.940 in line with 61.8% Fibonacci projection. Our bearish bias is further supported RSI being at levels where bounces previously […]

Unemployment Falls AgainThe British Pound is trading higher today on the back of a solid set of labour market indicators yesterday. The headline unemployment rate was seen falling back to 3.9%, its lowest level since the pandemic began. Marking an improvement on the prior quarter’s 4.1% reading and beating estimates for a 4% result, unemployment […]

All Eyes On The FedThe US Dollar is trading a little softer ahead of the March FOMC decision later today. However, with the Dollar index sitting just off highs, traders are braced for a USD breakout if the Fed delivers on hawkish signals ahead of the meeting. The market is widely expecting the bank to […]

Type: Bullish ContinuationKey Levels:Resistance: 4.940Pivot: 4.497Support: 3.361Preferred Case:We see the potential for a further bullish bounce from our Pivot at 1924.0 which is a graphical swing low support and in line with 161.8% Fibonacci projection towards our 1st resistance at 1976.5 in line with 78.2% Fibonacci projection. Our bullish bias is further supported RSI being […]

Type: Bullish BounceKey Levels:Resistance: 19.87Pivot: 18.92Support: 18.33Preferred Case:Price is near the pivot level of 18.92 in line with a 50% Fibonacci retracement. We expect price to move towards 1st resistance level of 19.87 in line with 161.8% Fibonacci extension, along with a swing high resistance. Alternative Scenario:Price may break our pivot structure and head for […]

Type: Bullish RiseKey Levels:Resistance: 156’01Pivot: 150’15Support: 152’02Preferred Case:With price expected to bounce from the stochastic indicator, we have bullish bias that price will rise from our pivot of 150’15 in line with the horizontal swing low support to our 1st resistance of 156’01 in line with the horizontal pull back resistance and 50% Fibonacci retracement.Alternative […]

Economic news from China today beat expectations in a positive way. Especially surprising was the growth of retail sales as the market set quite low expectations on the figure. Restrictions on mobility inside the country during the Lunar New Year, which were supposed to contain growth in retail consumption and social distancing measures introduced to […]

H&M Shares HigherShares in Swedish retailer H&M are trading a little higher today following news that the company’s retail sales growth jumped 23% in Q1. H&M reported a roughly $5 billion (49.17 billion SEK) jump, year on year, in the quarter ending in February. The strong rise in growth comes despite H&M noted it had […]

Type: Bearish DropKey Levels:Resistance: 372Pivot: 363.9Support: 332Preferred Case:We see the potential for a further bearish drop from our Pivot at 363.9 in line swing high resistance towards our 1st support at 332 in line with 127.2% Fibonacci projection and 61.8% Fibonacci retracement . Our bearish bias is further supported prices trading below our Ichimoku clouds […]