Tag: tickmill
Type: Bearish ReversalKey Levels:Resistance: 1.15137Pivot: 1.14603Support: 1.13846Preferred Case:With price approaching the resistance of the stochastics indicator, we are bias that price will drop from our pivot at 1.14603 in line with the 161.8% Fibonacci extension and swing high resistance to 1st support at 1.13846 in line with 38.2% Fibonacci retracement and horizontal overlap support.Alternative Scenario:Alternatively, […]
Type: Bullish BounceKey Levels:Resistance: 0.72717Pivot: 0.71951Support: 0.71281Preferred Case:With price moving above the Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 0.72717 which is in line with horizontal overlap resistance and 61.8% Fibonacci retracement from pivot at 0.71951, which is in line with horizontal overlap support and […]
In this Weekly Market Outlook 17-01-22, our analyst looks into the trading week ahead, possible market moving data releases across the globe and the technical analysis to accompany it! Source: Tickmill
CitiEuropean OpenIt was a busier morning today, despite the US MLK holiday, with FX volumes up to 30% more than averages, according to our etraders. The highlight in the Asian session was the 10bps cut in the MLF rate by PBoC, alongside a mixed bag of data from China. FX markets, including CNH were little […]
USDCAD Testing Channel LowThe sell off in USDCAD over the last week has seen price breaking below key support at the 1.2643 level trading down as far as a test of the 1.2469 level, with the bull channel low sitting just beneath. While price is holding the initial test of this support zone, sentiment remains […]
Metals Looking To Move Higher On USD RetreatThe metals complex has started the week with a bid tone as both gold and silver attempt to trade to the upside here. Relatively speaking, price actions remains fairly muted for now and with the US markets offline for the MLK holiday, flows are likely to remain light […]
TheDollar managed to gain a foothold after touching 100-day SMA on Friday, but onMonday the recovery was difficult – the dollar index dangled near the week’s opening:Sellershave broken the uptrend that has lasted since June 2021, so ongoing correctionmay take place in several stages. The main resistance in the index, where awave of sales may […]
GBJPY In Holding PatternGBPJPY price action is starting to look very interesting here. Price is has been sitting in a tight range just under the 157.88 highs over the last week. While there are clear double-top risks, given the strength of the recent rally, and with the retail market still overwhelmingly short here, I’m looking […]
The European Central Bank remains confident that inflation will come down this year but is prepared to adjust policy to meet its inflation target, ECB chief Christine Lagarde said on Friday.”We understand that price increases are a concern for many and we take this concern very seriously,” Lagarde said. Eurozone inflation hit 5% in December, […]
The World Bank on Tuesday trimmedforecasts for economic growth in the United States, the Eurozone and China and warned that high debt levels, rising income inequality and new strains of coronavirus threaten recovery in developing countries.Global growth in 2022 is expected to slow “significantly” to 4.1% from 5.5% a year earlier, and to 3.2% in […]