The GbpUsd closed in the red after Thursday's wild session. Cutting through 1.55233 will suggest a pursuit of the bearish trend, with 1.54433, as an objective, and 1.5481 as a primary objective. If Friday's movement turned out to be a technical correction, and the parity re-entered a bullish market, which will lead it to 1.55843. The daily Pivot Point is around...
The EurUsd erased all the gains it has made after the Fed's announcement. The patterns suggest that the parity is trying to join the Orange trend. Yesterday the parity closed while trading around its EMAs, which represented support for the parity. The pursuit of the bearish market will lead the parity back to 1.12375. (You will find below a hourly chart that...
The CAC40 fell back to 4501, as previewed, after the FOMC. It hit a new low at 4495.05, where it found buying pressures thwarting it from pursuing the bearish market. Should the current trend continues on Monday, a breakout from below, is to be expected. In this case the objective will be 4387.72, with 4460.12 as a primary objective. If the French benchmark...
The S&P500 closed in the red after the Fed's decision. Opening with a bearish gap will suggest yesterday's pattern to be a shooting star, which means the benchmark may enter a bearish market with 1952.18 as an objective and 1975.96 as a primary objective. The trend will be an uptrend if the benchmark opens above 1995.33, rejecting the shooting star figure. In...
The Cac40 was trading near the top of the channel. Breaking out 4673.96 will lead it to 4783.38, the channel's target. Cutting through 4629.2, will send the benchmark back to a bearish market with 4501 as an objective, and 4599.92 as a primary objective. Going back to 4501 will have the opening gap, formed two days ago, as an obstacle. The daily Pivot Point is...
Yesterday's hike was halted by bumping into a major resistance area. The current patterns suggest a consolidation between 1.552 and 1.56143, today. Breaching 1.552 will lead it back to 1.55047, which may suggest an inversion. The daily Pivot Point is around 1.55672. The daily support levels are around 1.55067 and 1.54257. The daily resistance levels are around...
The EurUsd rallied after the Fed's decision to keep its rates unchanged. I would expect a consolidation today, with 1.13490 as an objective, and 1.14412 as an upper limit. (its hourly bollinger band is broken, suggesting it should re-enter its BBs). Breaching the upper limit will induce a further upward movement towards 1.14851, with 1.146 as a primary...
The Fed's decision to keep its rates unchanged, triggered a rally of the EurUsd to 1.14401. I would expect a slowdown after yesterday's rally, unless 1.14333 is breached which will lead to the pursuit of the bullish market, with 1.146. If a slowdown occurs it will head towards 1.3601. The daily Pivot Point is around 1.13848. The daily support levels are around 1.13
The S&P500 continued its breakout after breaching 1975.96, which may send it to 2026.11. Failing to maintain its bullish trend will lead it back to 1975.96. The FOMC meeting will spread some volatility today. The benchmark's daily Pivot Point is around 1990.16. The daily support levels are around 1983.07 and 1970.83. The daily resistance levels are around...
The Cac40 is heading to the top of the tunnel, after opening with a bullish gap yesterday. Breaking out 4673.96 will lead it to 4783.38, the tunnel's target. The previous three days can be considered as the ascending triangle's signal, which was not rejected, since the rejection level around 4501 was not breached. I has about the same objective as the current...
The GBPUSD entered a strong bullish market with 1.55843 as an objective, should it breach 1.55246. Failing to do so, will send it back to 1.54433, after breaching 1.54679. The parity was trading around 1.54882 at the opening, below of its daily Pivot Point, which is around 1.54490. The daily support levels are around 1.53697 and 1.52511. The daily resistance...
The EurUSd is trading near its 1.13171 resistance level, ahead of the FOMC. The current patterns suggest an up trend towards 1.13893, with 1.13436 as a primary objective, should the parity breaks 1.1317. Such a movement will reject the down trend induced by the evening star two days ago. Failing to breakout 1.13171, will lead the parity to re-test 1.12375. The...
The S&P500 broke-out the blue trend and hit 1975.96 which is a critical level.The benchmark will continue its rally to 2026.11 with 1994 as a primary objective, should it breaches 1986.44. If the benchmark was meant to finish the figure's signal, by going back to 1961.7, it will re-test 1975.96 before rallying towards 2026.11. Failing to maintain a bullish...
The EurUsd closed its second bearish session, after 6 bullish streaks, and is currently leaning on its middle bollinger band. The Patterns are bearish suggesting a down trend toward 1.12026, with 1.12375 as a primary objective. Any drawbacks will lead it to the re-testing of 1.13171. The parity was trading around 1.12663 at the opening, below its daily Pivot...
The GBPUSD entered a bearish market erasing almost half of what it had gained during last week's rally. The patterns suggest a bearish market with 1.51646 as an objective, with 1.53028 as a primary objective. The parity will head towards 1.54433, should any drawbacks occur, leading the parity above 1.53872. The parity was trading around 1.53423 at the opening,...
The S&P500 finished another session in a hesitation, two days ahead of the Fed's announcement. It is currently at its blue trend. The current pattern suggest a signal underway, which may lead it back to 2026.11 with 1975.96 as a primary objective. Cutting through 1948.27 will lead it back to 1937.9, which may trigger a downfall towards 1869.27, with 1921.36 as an...
The GbpUsd failed around its 1.54469, unable to breach its middle bollinger band. It formed a doji pattern yesterday, showing the current uncertainty, ahead of the Fed's announcement. Unless the cable breaches 1.54730, the trend is bullish with 1.53595 as an objective. Breaching 1.54730 will set 1.55015 as an objective. The cable's daily Pivot Point is around...
The CAC40 closed yesterday near the tunnel support level around 4501. The French benchmark has been stuck in the current tunnel, since 3 weeks. If it breaches 4501 it will enter a bearish market with 4387.72 as an objective, and 4430 as a primary objective. Failing to breakout the tunnel will lead it back towards 4673.96, with 4574.54 as a primary objective. The...