Tag: tickmill
BTC Rolls OverThe first full trading week of 2022 comes to a close which means that once again it is time to take stock of the winners and losers. Whether this was a quiet week for you or a week full of action, it’s always good to get the first week of trading under our […]
Type: Bearish ReversalKey Levels:Resistance: 0.92531Pivot: 0.9213Support: 0.91433Preferred Case:Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. We can expect price to drop from pivot level in line with 78.6% fibonacci projection towards 1st Support in line with 61.8% Fibonacci retracement and 127.2% Fibonacci projection. Our bearish bias is further supported by […]
Type: Bearish ReversalKey Levels:Resistance: 91.268Pivot: 90.827Support: 90.139Preferred Case:With divergence spotted on RSI, we would expect a pullback from our Pivot at 90.827 in line with 50% Fibonacci retracement towards our 1st support at 90.139 which is an area of Fibonacci confluences.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 91.268 in line with 100% […]
Type: Bullish BounceKey Levels:Resistance: 116.586Pivot: 115.63Support: 115.045Preferred Case:Prices are on bullish momentum and consolidating in an ascending channel. We see the potential for a bounce from our Pivot at 115.63 in line with 23.6% Fibonacci retracement towards our 1st resistance at 116.586 in line with 127.2% Fibonacci extension. Our bullish bias is further supported by […]
Daily Market Outlook, January 6, 2022 Overnight Headlines China Services Activity Increases Solidly During December – PMI Japan Service Sector Expands At Softer Pace In December – PMI Australia Service Sector Expansion Continues As Price Pressures Rise BoJ’s Stealth Taper: Bond Pile Shrinks For 1st Time Under Kuroda BoJ Seen Raising FY22 CPI Forecast To […]
Type: Bullish BounceKey Levels:Resistance: 131.493Pivot: 130.532Support: 130.078Preferred Case:Prices are on bullish momentum and consolidating in a bullish channel. We see the potential for a bounce from our Pivot at 130.532 in line with 61.8% Fibonacci retracement towards our 1st resistance at 131.493 in line with 78.6% Fibonacci extension. Prices are trading above our Ichimoku Clouds, […]
Crude Back In DemandCrude traders have had a strong start to the year with crude futures trading in the green over the first full week of 2022 trading so far. On the back of hefty position reductions across the end of 2021 it seems that long positions are once again being rebuilt in crude as […]
CIBCFX FlowsThere has been a fierce rotation in stocks. Investors rushed to liquidate shares of tech companies, which has surged during the pandemic. Nasdaq Composite fell near 3.3% and we also saw sell off in the US Treasury bond market. Report in FT said that investors moved into automakers like Ford and GM, as well […]
The minutes of the last Fed meeting was a surprise for investors, despite the fact that Powell at the press conference clearly outlined the course for policy tightening. Inflation in the US is on the rise and the covid is expected to only fuel this trend, so the central bank needs decisive action to maintain […]
Fed In Full SwingThe release of the December FOMC minutes last night confirmed that the Fed is well and truly back into hawkish territory now. With the Fed announcing a doubling of monthly tapering at the last meeting, along with upgrading its economic forecasts and dot plot forecasts alike, there was little doubt that the […]
