Tag: tickmill

Type: Bullish ContinuationKey Levels:Resistance: 1747’2Pivot: 1656’0Support: 1625’6Preferred Case:On the H4 chart, price is near our pivot of 1656’0 in line with horizontal overlap support and 38.2% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 1747’2 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement . Our bullish […]

GBPAUD SinksIt’s been another dramatic week for financial markets. As the Russian invasion of Ukraine continues and fighting intensifies, we’ve seen plenty of key moves across the board. In the FX space in particular this week, the biggest move and the one which is capturing the most attention from traders Is the more than 3% […]

Type: Bearish ReversalKey Levels:Resistance: 19.40Pivot: 18.99Support: 18.34Preferred Case:Prices are on bearish momentum. Prices might potentially move from pivot level of 18.99 in line with 100% Fibonacci projection and 50% Fibonacci retracement towards the 1st support level at 18.34 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is further supported by […]

Natural gas prices in Europe hubs renewed rally on Friday due to concerns about cold weather forecasts and continued uncertainty about Russian gas supplies to Europe in the light of military action in Ukraine.Meanwhile, the Ukrainian government’s ban on the export of gas stored in the country, including gas normally held by Western European operators, […]

Type: Bullish ContinuationKey Levels:Resistance: 1964.4Pivot: 1935.3Support: 1923.7Preferred Case:Prices are consolidating in a triangle pattern. We see the potential for further bullish continuation from our Pivot at 1935.3 in line 23.6% Fibonacci retracement towards our 1st resistance at 1964.4 in line with 78.6% Fibonacci Extension and 100% Fibonacci Extension. Our bullish bias is further supported by […]

GBPCAD Continues LowerThe downward trend in GBP this week has been most obvious against commodity currencies. With surging oil prices supporting CAD, and with the BOC kicking off its tightening operation this week, the GBPCAD short trade has continued develop with price now hitting the second target at 1.6853. With both MACD and RSI firmly […]

Type: Bullish ContinuationKey Levels:Resistance: 25.660Pivot: 25.150Support: 24.960Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 25.150 in line 23.6% Fibonacci retracement towards our 1st resistance at 25.660 in line with 78.6% Fibonacci Extension. Our bullish bias is further supported by […]

Another spike in the dollar FRA-OIS spread (an indicator of credit and liquidity risk in the interbank market) suggests that stress mounts in the dollar funding market. And although it is far from the levels of the spring 2020, the demand for dollars is growing because of this. Today’s Payrolls report may also strengthen the […]

WithFed chairman Powell having confirmed the Fed’s intentions to hike rates at thecoming March meeting, the prospect of today’s data creating any meaningful liftin USD appears slim. Unless we see a strong, strong upside beat on the keynumbers, the impact is likely to be rather muted. Indeed, with the NFP andaverage hourly earnings both expected […]

Type: Bearish ReversalKey Levels:Resistance: 115.597Pivot: 115.491Support: 115.119Preferred Case:Prices are abiding to a daily ascending trendline. We see the potential for further bearish continuation from our Pivot in line with 38.2% Fibonacci retracement towards our 1st support at 115.119 in line with 61.8% Fibonacci extension. RSI is close to levels where dips previously occurred, supporting our […]