Tag: tickmill
Type: Bearish ReversalKey Levels:Resistance: 35698Pivot: 35146Support: 34402Preferred Case:With price moving within the descending channel and the conversion line crossing the base line on the Ichimoku indicator, we are bias that price will drop from our pivot of 35146 in line with the horizontal swing high resistance and 38.2% Fibonacci retracement to 1st support at 34402 […]
Type: Bearish ReversalKey Levels:Resistance: 0.71767Pivot: 0.71402Support: 0.69861Preferred Case:Price breakout of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to push higher up from the pivot level in line with 23.6% Fibonacci retracement towards 1st Resistance in line with 50% Fibonacci retracement. Our bullish bias is further supported by the Ichimoku […]
Type: Bullish ContinuationKey Levels:Resistance: 127″14″0Pivot: 126″31″0Support: 126’16’0Preferred Case:Price is trading in a descending channel and is at support of the descending channel. Our pivot is placed at 126″31″0 in line with 23.6% Fibonacci retracement. Price can potentially break this key level and go to the resistance level of 127’14’0 which is in line with 78.6% […]
Type: Bearish ReversalKey Levels:Resistance: 1837.7Pivot: 1826.6Support: 1809.5Preferred Case:Prices are at pivot. We see the potential for a dip from our Pivot at 1826.6 in line with 127.2% Fibonacci extension, 61.8% Fibonacci extension and 61.8% Fibonacci retracement towards our 1st support at 1809.5 in line with 38.2% Fibonacci retracement and graphical overlap. Our bearish bias is […]
The surprisingly strong NFP report for January markedly eased pressure on the dollar as it reminded that the Fed is likely to lead a hawkish policy reassessment by the central banks of major economies. After release of the report, the two-year US bond yield surged by 9 bp to 1.3%, indicating that the report made […]
Pfizer Reports TodayUS pharmaceuticals giant Pfizer is in the spotlight today. The company reports 2021 Q4 earnings and traders will be keen to take advantage of any volatility around the release. Pfizer shares have been trading lower over recent months, correcting from all-time highs above the $61 level, printed in December, to current lows around […]
Type: Bullish BounceKey Levels:Resistance: 15254Pivot: 14496Support: 13843Preferred Case:With price approaching the support the Ichimoku cloud, we are biased that price will rise from our pivot structure at 14496 in line with the horizontal overlap support and 50% Fibonacci retracement to 1st resistance at 15254 in line with the horizontal overlap resistance and 61.8% Fibonacci projection […]
CIBCFX FlowsDXY Index firmed up after soft start. China and Hong Kong equity indices are in red territories.Small buying of EUR$ and its crosses following FT article where France said Putin has moved towards de-escalation. EUR¥ reached 132.00, some profit taking noted, this placed pressure on the EUR$. I was told that there are several […]
Let’s Try That AgainGBPJPY is back in my sights again this week. I was last looking at it during the block of consolidation which formed ahead of 157.88, looking for a breakout. However, price ultimately resolved lower from that area. Following a rebound off the 153.39 level, we are now turning higher once again and […]
Equities Fighting To Recover LossesIt’s been a mixed start to the week for global equities indices as most of the benchmarks tracked here continue to fight to reclaim the recent losses seen. Uncertainty over the potential for war between Russia and Ukraine, as well as concerns over the hawkish shift seen across G10 central banks, […]