Tag: tickmill

Mixed Start For MetalsIt’s been a mixed start to the week for the metals market with plenty of two-way action seen already since the Asian open last night. Gold prices weakened initially but have since found better demand once again into the European open, these moves have been broadly tracked by silver also. The key […]

EUR Bid On Better DataThe Euro is catching a bid this morning following the release of the latest preliminary PMI data sets for February. The eurozone manufacturing PMI was seen dipping slightly to 58.4 from the prior month’s 58.7, in contrast to the 58.9 reading expected. However, despite the weakness in manufacturing, which was largely […]

Type: Bearish ContinuationKey Levels:Resistance: 153’30Pivot: 1513’15Support: 151’07Preferred Case:Price is trading in a descending channel and near pivot level of 153’15 in line with 50% Fibonacci retracement and 127.2% Fibonacci projection. Price can potentially dip to the 1st support level of 151’07 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is […]

Credit Suisse Lower Pre-MarketShares in Credit Suisse are trading lower pre-market as traders react to news breaking today regarding leaked information on the bank’s involvement with criminals. A whistle-blower leaked information to several big media outlets regarding the bank’s current and historical client dealings with individuals and groups linked to drug trafficking, human trafficking, bribery […]

Type: Bullish ContinuationKey Levels: Resistance: 14612.50Pivot: 14144.75Support: 13851.50Preferred Case:Price is near pivot level of 14144.75 in line with 38.2% Fibonacci retracement. Price can potentially continue its uptrend to 1st resistance level of 14612.50 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci projection. Our bullish bias is supported by the stochastic indicator as it shows […]

Financial markets will start next week with a reassessment of geopolitical risks, probably pricing in further aggravation of the situation in Ukraine and a new round of involvement of world powers in this conflict. This was facilitated by the message on Friday that the self-proclaimed republics of the DPR and LPR began the evacuation of […]

During a discussion at Columbia University, the head of the St. Louis FRB, James Bullard, warned that without urgent action to raise interest rates, inflation could worsen further, writes CNBC.“Now we are at greater risk than ever; inflation could get out of hand,” he said, calling for a full percentage point rate hike by July.According […]

Type: Bearish ReversalKey Levels:Resistance: 96.092Pivot: 95.944Support: 95.648Preferred Case:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our Pivot at 95.944 in line with 38.2% Fibonacci retracement towards our 1st support at 95.648 in line with 61.8% Fibonacci extension. RSI is showing bearish momentum.Alternative Scenario:Alternatively, prices […]

Looking To BreakoutThe New Zealand Dollar has been one of the best performers this week as a hawkish shift in RBNZ expectations is helping support NZD. Given the heavily bearish sentiment we’d seen up until the last week, there is plenty of position covering going on which is helping drive NZD higher here.One chart which […]

Type: Bullish BounceKey Levels:Resistance: 157.128Pivot: 156.4 Support: 156.053Preferred Case:Prices are consolidating in a triangle pattern. We see the potential for bullish continuation from our Pivot at 156.4 in line with 38.2% Fibonacci retracement and 38.2% Fibonacci retracement towards our 1st resistance at 157.128 in line with 61.8% Fibonacci retracement. Prices are transcending above our Ichimoku […]