Tesla Motors Inc. took some rebound last week, around the 211.13 support level, which is a critical level. It has been a month it is falling. Breaking out 211.13 will send the equity south to 202.35, with 207.96 as a primary objective. Should the equity breaks out 230.48, a rally will be unleashed with 244.43 as an objective, with 236.19 as a primary objective....
The S&P500 inverted, yesterday, as it went back to a bullish market breaking the last high it has achieved a couple of days before the trend shifted. The benchmark will have 2037 as an objective, with 2030.23 as a primary objective. Failing to continue its bullish trend will send it back to around 2009.94. The daily Pivot Point is around 2014.82. The daily...
The CAC40 closed, yesterday, in the green after losing its grip for 3 consecutive sessions, since it has formed a morning star. The Bearish pattern induced a bearish market that has sent the benchmark to visit its EMA20. The benchmark rallied yesterday, breaking out 4660.43, having 4686 as a primary objective, which it was close to achieve. On the upside, the...
Yesterday, The GbpUsd closed in a neutral small candle pattern, as it was a taking profit session, after the strong bullish rally that followed the UK unemployment report. The trend remains bullish with 1.55085 as an objective, which breaching will propel the cable to 1.55843, with 1.55334 as a primary objective. There will be an inversion towards 1.53830, should...
Yesterday, the EurUsd closed in a bearish candle, erasing all of Wednesday's gains. The EurUsd has 1.13234 as an objective, with 1.1342 as a primary objective. Breaking out 1.14108 will send it towards 1.14307 again. The daily Pivot Point is around 1.14143. The daily support levels are around 1.13349 and 1.12837. The daily resistance levels are around 1.14655...
Oil closed around its trend line in Orange, at 46.29, a swift fall that erased, in less than a week, all of the breakout gains. It is still hovering around its EMA20, which provided it with some support, yesterday. A breakout of 45.94, will lead to the breakout of the Orange trend line, which will set the 44.4 support level as an objective, with 45.43 as a...
The S&P500 fell for the second consecutive session, closing at 1994.24. The bad Jobs Report added up to the bad retail sales report, rendering the outlook more gloomy. Breaking out 1993.11 will send it to 1977.62, with 1984.61 as a primary objective. The benchmark will have 2003.8 as a resistance level, today. Breaking out 2009 will send it to 2014. The...
The Cac40 is closing another session with lower lows. The benchmark closed in a doji around its EMA20. It will head south to 4514.67, should it breakout 4580.84, with 4546.75 as a primary objective. The benchmark will rally to 4701.32, should it breakout 4660.43., with 4686 as a primary objective. The daily Pivot Point is around 4616.85. The daily support...
The EurUsd rallied for the 5th consecutive session, as bad news from America is driving the dollar down, which is being translated in a rally of the EurUsd. The Eurusd have reached its 1.1477 objective. The parity will head to 1.15428, should the rally continue, the monthly trend having shifted to bullish, after breaking out 1.14307. On a daily scale, the...
The GbpUsd rallied after the announcement of a better than expected unemployment rate. The rally was very strong as it has propelled the cable to 1.54935, as the unemployment report was a positive one amid the gloomy global macroeconomic environment. The cable will have 1.55047 to breakout, so it would continue its bullish market towards 1.55843. The primary...
Yesterday, Oil finished another session in the red, erasing all the gains of last week's bullish movement. Oil is currently leaning on its EMA20, and its 46.29 support level, which breaching will send it south to 44.4, with 45.63 as a primary objective. Oil will have 47.23 as a resistance, which breaking out will send it to 47.63. The daily Pivot Point is around...
The S&P500 is inverting as it closed in the red, yesterday, after failing to breakout 2021, which has sent it back to 2001.78. The S&P500 will pursue its bearish trend to 1993.11, today. Breaking out 2007 will send it back to 2013.4. Only breaking out 2021.11 will reject the bearish trend. The daily Pivot Point is around 2009.27. The daily support levels are...
The Cac40 closed in the red for the third consecutive time. Breaking out 4598.11 will send it to 4546.75, with 4587.59 as a primary objective. Breaking out 4667.51 will send it towards 4724.72, with 4707.21 as a primary objective. The daily Pivot Point 4636.33. The daily support levels are around 4605.15 and 4566.93. The daily resistance levels are around...
The GBPUSD broke the recent consolidation, yesterday. The GbpUsd is currently heading to 1.51646, its long run support level, which triggered the previous bullish markets, although the last one was weak. The primary objective is 1.52195. The cable will have 1.52880 as a resistance today, which breaching will send it back to 1.53101. The daily Pivot Point is...
Yesterday, the EurUsd closed another bullish session. The trend is still bullish, unless the parity cuts through 1.13439, which will send it back to 1.13262. Breaking out 1.14034, will send it to 1.14307, as a part of a rally towards 1.1477, should the parity breaks out 1.14307. The daily Pivot Point is around 1.13778. The daily support levels are around...
After a very bullish breakout, and a fast rally, the correction at the same pace erasing most of Oil's last week's rally. The strength of the movement broke its bollinger band, which was a warning, as the commodity had to re-enter the bands. It also was very interesting for profit taking. Oil will, normally, continue the correction to 46.29, with 46.69 as a...
The S&P500 was continuing to consolidate around 2021. The benchmark will continue its rally 2030.23, with 2020.13 as a primary objective, should it breakout 2018.66. Breaking out 2010.55 will send the benchmark south to 1999.4, with 2005.5. The daily Pivot Point is around 2015.55. The daily support levels are around 2012.45 and 2007.44. The daily resistance are...
The CAC40 closed in a bearish candle yesterday. The current pattern renders the morning star, formed two days ago, valid, which suggest a bearish trend. It will have as an objective at least 4587.59. On a daily scale, breaking out 4663.34, will send it south towards 4622.6, with 4637.19 as a primary objective. The figure will be rejected should the benchmark...