Tag: tickmill
Type: Bullish ReversalKey Levels:Resistance: 18.97Pivot: 18.25Support: 18.03Preferred Case: Price has already broken out of descending trendline and thus we are seeing a bullish reversal. Price is near pivot level of 18.25 in line 23.6% Fibonacci retracement. We expect price to reversal upwards to the resistance level of 18.97 in line with 78.6% Fibonacci retracement and […]
Having tested the new historical maximums at the level of about 122.00, the USD/RUB pair has pulled back and is currently approaching the broken psychological level of 100.00. This level should provide the required support. The pullback to the level of 100.00 has happened due to take profits and emergency measures taken by Russia’s central […]
Type: Bullish ContinuationKey Levels: Resistance: 5.175Pivot: 4.425Support: 4.219Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for further bullish continuation from our Pivot at 4.425 in line 100% Fibonacci extension and 38.2% Fibonacci retracement towards our 1st resistance at 5.175 in line with 127.2% Fibonacci extension. Our […]
BAE Systems Rallying One of the big market themes we are seeing as a result of the conflict in Ukraine is a surge in stock prices of weapons manufacturers and armourers. With Ukraine heavily buying arms and NATO countries supporting the effort alongside their own purchases, defence stocks have ballooned in recent days. Looking ahead, […]
BOC Up NextThe Bankof Canada is the next G10 central bank to take centre stage. The BOC will meetlater today for its March rates decision and the market is broadly expectingthe bank to deliver a further increase. Traders are anticipating a further .25%rate hike from the bank in line with the sort of pattern seen […]
The echo of the Ukraine conflict and its sanction repercussions are heard more and more loudly in the global asset markets. As Russian trade ties with European countries are much stronger than, for example, with the United States, European assets and currencies are first on the line to feel the blow. On Wednesday, we saw […]
TheBOC interest rate decision today comes at a time when CAD is already on themarch due to higher oil prices. With the market expecting the BOC to lift ratesby a further .25%, along with signalling further rate hikes to come, CAD lookswell poised to advance further over the rest of the week. Aside from the […]
Type: Bullish BounceKey Levels:Resistance: 374.3Pivot: 330.6Support: 307Preferred Case: Price is near pivot level of 330.6 in line with 50% Fibonacci retracement ands 127.2% Fibonacci projection. Price can potentially bouce to the 1st resistance of374.3 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement. Our bullish bias is supported by the Ichimoku cloud indicatorAlternative Scenario:Price […]
Type: Bullish ContinuationKey Levels:Resistance: 1755’2 Pivot: 1632’4Support: 1578’2Preferred Case:On the H4 , price is near pivot level of 1632’4 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci projection. Price can potentially go to the swing high support of 1755’2 in line with 78.6% Fibonacci projection. Our bullish bias is supported by the Ichimoku cloud […]
Type: Bullish ContinuationKey Levels:Resistance: 1942.4Pivot: 1890.8Support: 1879.9Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 1890.8 in line 100% Fibonacci retracement towards our 1st resistance at 1942.4 in line with 61.8% Fibonacci Retracement . Our bullish bias is further supported […]