Tag: tickmill
Type: Bearish DipKey Levels:Resistance: 233.50Pivot: 221.45Support: 202.30Preferred Case: Price is near pivot level of 221.45 in line with 23.6% Fibonacci retracement. Price can potentially dip to the 1st support level of 202.30 which is a swing low support. Our bearish bias is further supported by price moving under the Ichimoku cloud indicator.Alternative Scenario: Price could […]
Type: Bearish DropKey Levels:Resistance: 14644Pivot: 14099Support: 12558Preferred Case:We see the potential for a further bearish drop from our Pivot at 14099 in line swing high resistance and 78.6% Fibonacci retracement towards our 1st support at 12558 in line with the swing low support. Our bearish bias is further supported prices trading below our Ichimoku clouds […]
EURCAD Channel BreakEURCAD price action is worth monitoring here. The pair has been trading lower within a broad bearish channel over since Q3 last year. However, the recent test of the 1.3876 level support has seen price finding firm demand. With the pair potentially carving out a double bottom here, and both MACD and RSI […]
Price action in CADJPY is looking interesting here. Following the heavy sideways action we’ve seen over the year so fa, price now looks to be breaking higher. We’ve seen price breaking out above the contracting triangle which has framed price action over the last six months. Price remains within a larger rising wedge formation and, […]
Type: Bearish DropKey Levels:Resistance: 152’02 Pivot: 154’22Support: 155’27Preferred Case:With price moving below the Ichimoku cloud, we have bearish bias that price will drop from our pivot of 154’22 in line with the horizontal pullback resistance to our 1st resistance of 152’02 in line with the horizontal swing low support and 161.8% Fibonacci extension. Alternative Scenario:Alternatively, […]
The dollar has got another growth driver. The PBOC unexpectedly lowered reference rate of CNY/USD which, may indicate its willingness to weaken the yuan against US currency. This is usually seen as downside factor for Asian currencies which ultimately may also support USD demand.Markets’ risk-on/risk-off swings continue to depend on the progress of peace talks […]
Netflix Sitting on Big SupportShares in streaming giant Netflix are threatening to break lower still this week. Following the recent rebound which saw price trading back up to near the 475.17 level, price has since reversed lower again and is now testing below the long term rising trend line and 352.91 level support.Netflix has seen […]
Type: Bearish RiseKey Levels:Resistance: 14405Pivot: 13118Support: 12640Preferred Case:Price near pivot level of 13118 in line with 78.6% Fibonacci retracement. Price can potentially go to the resistance level of 14405 in line with the 100% Fibonacci projection. Our bullish bias is supported by how price is expected to bounce off the support of the RSI indicator.Alternative […]
Type: Bearish DropKey Levels:Resistance: 4.801Pivot: 4.709Support: 4.357Preferred Case:Prices are on bearish momentum. We see the potential for a further bearish continuation from our Pivot at 4.709 in line 38.2% Fibonacci retracement towards our 1st support at 4.357 in line with 127.2% Fibonacci projection and 61.8% Fibonacci retracement. Our bearish bias is further supported prices trading […]
Type: Bullish ContinuationKey Levels:Resistance: 797’4 Pivot: 763’2Support: 778’2Preferred Case:With price expected to reverse off the stochastics indicator, we are bias that price will drop to our 1st support of 728’4 in line with the 38.2% Fibonacci retracement and 78.6% Fibonacci retracement area from our pivot of 763’2 in line with the horizontal swing high resistance […]