Tag: tickmill
Type: Bullish BounceKey Levels:Resistance: 0.73104Pivot: 0.71707Support: 0.71282Preferred Case:Price is abiding to the ascending channel, signifying an overall bullish momentum. We can expect price to bounce from pivot in line with 100% Fibonacci projection and ascending channel support towards 1st Resistance in line with 78.6% Fibonacci projection. Our bullish bias is further supported by the stochastic […]
Type: Bearish ReversalKey Levels:Resistance: 1.1419Pivot: 1.13683Support: 1.13097Preferred Case:With price moving below the Ichimoku cloud, we have a bearish bias that price will from our pivot at 1.13683 which is in line with horizontal swing high resistance and 38.2% Fibonacci retracement to 1st support at 1.13097, which is in line with horizontal swing low support.Alternative Scenario:Alternatively, […]
Daily Market Outlook, January 24, 2022 Overnight Headlines Renewed Downturn In Japanese Private Sector Activity In Jan – PMI Australian Private Sector Output Shrinks Amid Covid-19 Hit – PMI Fed Expected To Back First Pandemic-Era Interest Rate Rise In March Goldman Sees Risk Fed Will Tighten At Every Meeting From March ECB’s Holzmann: Euro Area […]
Type: Bullish BounceKey Levels:Resistance: 40596.7Pivot: 35251.6Support: 33937.23Preferred Case:Price is abiding to the descending channel, signifying an overall bearish momentum. However, price is reacting at the support level of the channel, hence, we can expect a short-term bullish bounce from the pivot level. We can potentially see price bounce from the pivot level in line with […]
Type: Bullish BounceKey Levels:Resistance: 95.983Pivot: 95.532Support: 95.413Preferred Case:Prices are on bullish momentum and consolidating in a triangle pattern. We see the potential for further bullish continuation towards our intermediate resistance at 95.984 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Breaking the intermediate resistance could find prices going higher towards our 1st resistance […]
Type: Bullish BounceKey Levels:Resistance: 114.233Pivot: 113.61Support: 113.473Preferred Case:Prices are consolidating in a triangular pattern. We see the potential for a bounce from our Pivot at 113.61 in line with our ascending trendline support towards our 1st resistance at 114.233 in line with 50% Fibonacci retracement and 23.6% Fibonacci retracement. RSI is at level where bounces […]
In the outgoing week, the main trading theme was high inflation and a possible reaction of central banks to it at the upcoming meetings. Oil gained significantly, while bond yields rose reflecting inflation anxiety. The yield on 10-year treasury bonds, after breakout of the local high of 1.8%, was able to test the level of […]
Type: Bullish BounceKey Levels:Resistance: 1.13889Pivot: 1.13Support: 1.12831Preferred Case:Prices are at a pivot and are abiding to our daily ascending trendline support. We see the potential for a bounce towards our 1st resistance at 1.13888 in line with 50% Fibonacci retracement and 161.8% Fibonacci Projection. RSI are at levels where bounces previously occurred.Alternative Scenario:Alternatively, prices may […]
Type: Bearish ReversalKey Levels:Resistance: 41443.73Pivot: 40593.22Support: 38960.24Preferred Case:Price is abiding to the descending channel, signifying an overall bearish momentum. We can expect price to retrace a little to the pivot level in line with 23.6% Fibonacci retracement towards 1st Support in line with 127.2% Fibonacci projection. Our bearish bias is further supported by the Ichimoku […]
The BoE will remain on its rate hiking path in February as inflation is well above its target and the economy-threatening impact of the omicron strain should be milder than previous variants of the coronavirus, a Reuters poll showed.The Bank of England was the first major central bank to hike interest rate in December – […]