Tag: tickmill
Type: Bearish ReversalKey Levels:Resistance: 2.05483Pivot: 2.04976Support: 2.03089Preferred Case:Prices have recently broke of our ascending trendline. We see the potential for further bearish drop from our Pivot at 2.04976 in line with 78.6% Fibonacci retracement towards our Take Profit at 1st support at 2.03089 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. RSI is […]
Type: Bullish BounceKey Levels:Resistance: 3412Pivot: 3041Support: 2837Preferred Case:Price is expected to bounce off the Ichimoku support and horizontal overlap support at our pivot of 3041. We are biased that price will rise to 1st resistance at 3412 in line with the 127.2% Fibonacci extension level and horizontal swing high resistance.Alternative Scenario:Alternatively, price may break pivot […]
Pound On The RiseGBP has seen better buying across the European morning on Wednesday in response to the latest CPI data out of the UK. The Office for National Statistics released its January inflation report, showing that consume prices were firmly higher once again last month. The headline CPI reading was seen at 5.5% on […]
CitiEuropean OpenThe risk rally from the NY session paused as markets assessed the state of play. G10 FX sat in a tight range while UST yields were down, led by the front end as we wait for FOMC minutes today. Overnight, the nominations for Biden’s Fed nominees faced resistance in the Senate and Bloomberg reported […]
Equity markets are on the rise on Wednesday as bullish momentum stretched for the second day in a row, at the same time, defensive assets, bonds and gold lost their footing amid a marked de-escalation of the Ukrainian conflict, although the West is expressing skepticism about the partial retreat of Russian troops from the Ukrainian […]
Type: Bullish ContinuationKey Levels:Resistance: 1880.4Pivot: 1852.6Support: 1837.3Preferred Case:Prices have recently broken out of our daily descending trendline and has experienced a trendline breakout. We see the potential for bullish continuation from our Pivot at 1852.6 in line with 23.6% Fibonacci retracement towards our 1st resistance at 1880.4 in line with 100% Fibonacci retracement.Alternative Scenario: If […]
Type: Bearish ContinuationKey Levels:Resistance: 15067Pivot: 14514Support: 14086Preferred Case:With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 14514 in line with the 78.6% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 14086 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price could […]
Type: Bearish ContinuationKey Levels:Resistance: 153’02Pivot: 151’15Support: 150’05Preferred Case::With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 151’15 in line with the 38.2% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 150’05 in line with the horizontal swing low support and 127.2% Fibonacci […]
US Retail Sales Up NextUS retail sales will be the key data focus over today’s US session. On the back of better-than-expected jobs and inflation data for January, a strong reading today should help USD get back on track following a quieter couple of sessions. With risk sentiment rebounding amidst optimism that Russia/Ukraine tensions are […]
Canadian CPI In FocusThe release of Canadian CPI due later today puts the focus on the Canadian Dollar. With oil prices remaining at highs over January and with supply-side issues yet to be resolved, the market is looking for CAD CPI to rise across all metrics. Looking at the headline monthly reading, the market forecasts […]