Tag: tickmill

CIBCFX FlowsRBA Governor Lowe spoke at the AFR Business Summit, indicated that it is plausible for cash rate to be raised later this year but RBA has the time to wait and see before acting. AUD$ barely moved, traded narrow range. Even slight risk-on sentiment didn’t do much. We think that there are still ongoing […]

Type: Bearish ReversalKey Levels:Resistance: 20.15Pivot: 19.78Support: 19.01Preferred Case:We see the potential for bearish reversal from our Pivot at 18.78 in line 161.8% Fibonacci extension towards our 1st resistance at 20.15 with a graphical swing high. Our bullish bias is further supported by stochastic indicator whereby prices are at resistance level.Alternative Scenario: If prices were to […]

EURJPY Rebounding Quickly EURJPY is seeing a strong rebound this week with price having rallied off the 125.13 lows back up to around 127.03 currently. With no sign of the violence in Ukraine having intensified in the last 48 hours, including reports that the Russian assault has run into difficulties, we are seeing a clear […]

EUR Rebounding On Fiscal HopesWe’re seeing a more buoyant tone in EU markets today as investors react to news that EU leaders are preparing a joint fiscal response in reaction to the soaring energy prices caused by the war in Ukraine. The EU is reportedly weighing up options, including a huge issuance of joint debt […]

Equities Attempting To Rebound Following Heavy LossesWhileequities markets continue to walk the tightrope of news flow stemming from theUkraine crisis, risk sentiment appears to be rebounding somewhat over theEuropean open on Tuesday. Following heavy sales over last week, most indices areseeing better demand this week as traders buy into these current lows.Thekey driver, of course, […]

Type: Bullish BounceKey Levels:Resistance: 19.47Pivot: 18.97Support: 18.61Preferred Case:We see the potential for bullish bounce from our Pivot at 18.97 in line 38.20% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 19.47 in line with 127.20% Fibonacci extension. Our bullish bias is further supported by prices trading above Ichimoku cloud indicatorAlternative Scenario: If […]

Spotify Shares Continue LowerSpotify shares are trading lower once again this week with prices now at their lowest level since the beginning of the pandemic in Q1 2020. The company has been mired with negative press over the last 6 – 12 months. Firstly, there was investor disgust over news that Spotify founder and owner […]

Nickel Rally Sparks Emergency MeasuresTheLondon Metals Exchange has today introduced emergency measures to halt the tradingof Nickel. The LME took the action in response to the dramatic rally in priceswhich has seen the futures market soaring to record highs of over $100,000 pertonne, with price having doubled in the last 24 hours.Fearsof a supply shortage […]

Type: Bullish BounceKey Levels:Resistance: 1762’6Pivot: 1661’4Support: 1632’2Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 1661’4 in line with 50% Fibonacci retracement towards our 1st resistance at 1762’6 in line with 100% Fibonacci retracement and 78.6% Fibonacci extension. Our bullish […]

Type: Bullish BounceKey LevelsResistance: 0.008741Pivot: 0.00868Support: 0.008658Preferred Case:Prices are consolidating horizontally and are close to our Pivot . We see the potential for further upside from our Pivot at 0.00868 in line 61.8% Fibonacci retracement towards our 1st resistance at 0.008741 in line with 61.8% Fibonacci Extension , 127.2% Fibonacci extension and 127.2% Fibonacci expansion […]