Tag: tickmill
Daily Market Outlook, January 20, 2022 Overnight Headlines US President Biden: We Can Still Pass Big Chunks Of Spending Plan Biden: Not There Yet On Possible Easing Of Tariffs On Chinese Goods Manchin, Sinema Join GOP To Sink Filibuster Change For Voting Bill Desperate Dems Signal Support For Cutting Biden Bill Down In Size France […]
AUDNOK To Turn Higher?AUDNOK price action is starting to look interesting here. We’ve seen the pair moving lower within a well-defined bear channel over the decline from December highs. However, the move lower has seen bullish divergence in momentum studies and price is now turning higher, threatening a channel break. If price can clear the […]
Oil Traders Increase LongsThe latest CFTC COT institutional positioning report showed that oil traders increased their net long positions by around 8% last week. This latest increase in upside exposure is well reflected in the price action with crude having broken out to its highest levels since 2014 this week at highs of almost $87 […]
Selling and buying forces in USD appear to be roughly balanced near the 95.50 mark on DXY amid signs of easing Treasury sell-off. The yield on 10-year US Treasuries pricked 1.90% on Wednesday and then turned into a decline, the pressure of sellers in the stock market, judging by modest upside in futures, is also […]
BTC On WatchBitcoin prices continue to hold very tightly to 41510 support level (and longer term rising trend line) here as price remains within the large falling wedge pattern which has framed the reversal lower from all time highs. With indicators having flattened out here and price stagnating, the catalyst for further downside looks increasingly […]
Type: Bearish ReversalKey Levels:Resistance: 115.197Pivot: 114.946Support: 114.293Preferred Case:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our Pivot at 114.946 in line with 50% Fibonacci retracement towards our 1st support at 114.293 in line with 50% Fibonacci retracement. Prices are trading below our Ichimoku clouds […]
Type: Bearish ReversalKey Levels:Resistance: 0.92008Pivot: 0.91795Support: 0.91316Preferred Case:With price moving below the ichimoku cloud, we have a bearish bias that price will drop from our pivot of 0.91795 in line with the 50% Fibonacci retracement level to 1st support at 0.91316 in line with the 50% Fibonacci retracement level.Alternative Scenario:Alternatively, price may break pivot structure […]
Daily Market Outlook, January 19, 2022 Overnight Headlines WHO Warns Covid Pandemic Not Over Yet Amid Europe Case Records Democrats Set Voting Rights Showdown With No Clear Path To Victory US, UK To Announce Plans For Formal Talks On Metals Tariffs On Wed ECB’s Villeroy: ECB Can Adapt Policy Faster If High Inflation Persists Germany’s […]
Type: Bearish ReversalKey Levels:Resistance: 0.73014Pivot: 0.72805Support: 0.72192Preferred Case:Prices are at a Pivot. We see the potential for further bearish continuation from our Pivot at 0.72805 in line with 50% Fibonacci retracement towards our Take Profit at 0.72192 which is an area of Fibonacci confluences. RSI is showing bearish momentum.Alternative Scenario:Alternatively, prices may go to our […]
GBP In Demand As Inflation SoarsThe British Pound is catching a bid again today following news that UK inflation hit its highest level in thirty years last month. The Office for National Statistics reported this morning that headline UK CPI rose by 4.8% month-on-month in December, up from 4.1% in November. Annually, inflation surged to […]