The GbpUsd's breakout was very rough, as it went up to 1.5501 before going south to close at 1.5390. The trend is still bearish with 1.5320 as an objective, with 1.5347 as a primary objective. Today, the cable will have 1.5405 as a resistance. Failing to keep the bearish movement, will send it back to 1.5460. The daily Pivot Point 1.54228. The daily support...
The S&P500 closed today, with a bearish candle, ending up around its EMA10. The Volatility is rising, the bollinger bands are spreading up, the 2030.23 level was not broken out, which suggest the benchmark will seek lower lows tomorrow. The benchmark will head to 2002, with 2006.4 as a primary objective, should the bearish market continue, with 2021.18 as a...
The CAC40 closed in a neutral long-legged doji. It is still unable to close below 4673.96. Although, it breached it many times, but buying pressures were keeping it above that level. The benchmark still needs to breakout 4718.88 to go back to 4744.97, which breaching will send it up to 4783.38. Only a breakout of 4642.94 will send it south towards 4580.84, with...
The GBPUSD is breaking out of its consolidation as it has breached 1.54282 and is heading south towards 1.53595. The primary objective will be 1.53820, should it breakout 1.53989. The cable will have 1.54282 as a resistance for today. Any failure in breaking out its EMA10 will send it back to 1.54282, which breaking out will send it back to visit 1.54433. The...
Yesterday, the EurUsd failed to pursue its bullish market, closing in the red around its EMA10, heading to visit its 1.13234 support level. Breaking out this level will send it to find its trend line in Orange with 1.12914 as an objective, and 1.12988 as a primary objective. Breaking out 1.13834 will send the parity north to seek 1.14307, with 1.14056 as a...
Oil is about to breakout the flag, which will send it south, back to 42.95, with 44.4 as a primary objective, with 46.49 as a resistance. The flag will be rejected, should Oil head to 49.39, with 48.38 as a primary objective. The flag will be rejected once Oil breaks through 48.09. The daily Pivot Point is 46.19. The daily support levels are around 45.45 and...
The S&P500 is still hovering around its 203.73 critical level. It has been three session it was trying to breakout that level, but to end up back to it... Breaking out 2026.61 will send it back south to 2006.4, with 2021.15 as a primary objective. The benchmark will continue its rally to 2048.39, should it continue to push further and breakout 2039.12. The...
The CAC40 closed yesterday in the red. The pattern suggest the bearish market to continue with 4619.88 as an objective, and 4637.19 as a primary objective. Only a breakout of the 4718.88 level, will send the benchmark back to 4744.97, which breaking out will send it to 4783.38. The daily Pivot Point 4678.58. The daily support levels are around 4645.21 and...
The GbpUsd finished another day attempting to breakout 1.55047, and failing. The cable will be heading south towards 1.53595, with 1.53990 as a primary objective, should it breakout 1.54282. The GbpUsd will head to 1.55843, should it breakout 1.55047, with 1.55394 as a primary objective. In this case 1.5474 will be the support level. The daily Pivot Point is...
The EurUsd, was unable to break through 1.13234, yesterday, as it went up to 1.13870, before closing in an inverted hammer. The pattern will have 1.14307 as an objective, with 1.13984 as a primary objective. The pattern will be rejected, should the parity breakout 1.13226, which will send it back to its Orange trend line, with 1.12988 as a primary...
The Cac40 closed yesterday in another doji pattern, like the day before, showing that a big movement will follow. The trend remains bullish above 4673.96. The benchmark will head to 4783.3, should it breakout 4744.97. Breaking out 4673.96 will send it south, back to 4628.44, with 4645.94 as a primary objective. On a daily scale the benchmark will be heading to...
Oil was struggling for the past 5 sessions to push forth below the 46.29 level, which is a critical level as it is around its trend line in Orange. Breaking out the consolidation zone, highlighted on the chart, will send it to 42.55, with 44.4 as a primary objective. Breaking out 47.8 will reject the bearish market, with 49.39 as an objective, and 48.38 as a...
Yesterday, the EurUsd continued its bearish spree, as it had closed in the red for the third consecutive session, after visiting its EMA20. The EurUsd is still seeking to find its monthly trend line in Orange. The patterns suggest another bearish day, with 1.12789 as an objective, and 1.12889 as a primary objective. The EMA10 will be the parity's resistance level,...
Oil closed its second consecutive session in the green, after failing to breakout its Trend line in Orange. On Friday, Oil was caught between its EMA10 and its 46.29 support level, which was a rough level. A breakout of 47.5, will keep the bullish market going with 48.38 as an objective, and 47.96 as a primary objective. A retreat below 46.29, will send Oil...
The S&P500 closed in the green on Friday, around the critical 2033.11 level. The bollinger bands are widening and volatility is falling as the VIX was 15.05 at the closing bell. The bullish market will continue, should the volatility continue its retreat, with 2051.01 as an objective, and 2043.15 as a primary objective. An eventual breakout of 2020.46 will send...
The Cac40 closed last Friday in a neutral doji pattern, after it had opened in a bullish gap. The pattern indicates an indecisiveness, as it couldn't close the bullish gap, neither it was able to breakout the 4718.91 resistance level. Today, the benchmark will head to 4783.3, with 4745.14 as a primary objective, should it breakout 4718.91. A bearish gap at the...
The GbpUsd ended last week with a small candle, after Wednesday's mania that followed the publication of a decreasing unemployment rate in the UK. The Bollinger Bands are knitting, as the last two session had a lot of consolidation in them. The cable will continue the correction, it has started two sessions ago, should it push below 1.54303, which will send it...
Last week, the EurUsd closed with a bearish pattern around its EMA10. The daily trend is bearish, as the parity is seeking to find its monthly trend line in Orange. The parity will be heading towards 1.12740, with 1.12889 as a primary objective. The primary objective will be easily reached, should the EurUsd breaks out its 1.13234, support level. The bearish...