Yesterday's upper movement failed to cut through its EMAs, disabling any further movement that would break the consolidation it is going through, it has been a week. Breaching 44.33 will send Oil south to 40.26, with 42.71 as a primary objective. Breaking through 45.85 will send Oil towards be sent towards 46.36, which breaching will induce a rally with 51.54 as...
The S&P 500 closed its second consecutive session in the green after a long bearish streak. Volatility is lower and the benchmark closed around 1920.4 level. The benchmark will head towards 1937.9, should the movement continue, with 1929.34 as a primary objective. Any draw downs will send it back to 1897.93. The daily Pivot Point is around 1909.23. The daily...
The Cac40 opened with a very bullish trend, which has sent it back a few step away from 4501.44. If the Cac40 breaches 4472.84, the trend will be bullish with 4517.33 as an objective, and 4501 as a primary objective. The benchmark will go back to a bearish market with 4352.06 as an objective, and 4387.72 as a primary objective. The daily Pivot Point is around...
The EurUsd failed to cut through its major resistance area, which consists of its EMAs, Its 1.12239 resistance level and its Old trend in Orange. The latter represented a tough resistance that threw the EurUsd back to 1.11646. Tuesday's doji suggests an inversion towards 1.11118, with 1.11431 as a primary objective. The parity is already halfway from 1.11118....
The GbpUsd failed to close above its 3 months support level, which would have given signals of an inversion. Instead, it was seeking 1.50914. Volatility is still increasing, as the bollinger bands are still spreading up. The trend remains bearish, unless the cable breaches 1.51904, which will send the cable up towards 1.52880, with 1.52536 as a primary...
The S&P500 managed to thwart the downfall that threw it few steps away from 1869.22, end the session in the green. The current trend is still bearish: volatility is higher, the bollinger bands are spreading up, and the benchmark was trading outside of those bands yesterday. A bullish gap at the opening will suggest a movement towards 1912, with 1906 as a primary...
The CAC40 closed yesterday in the green, after closing a very bearish gap at the opening. Volatility is increasing, as the bollinger bands are spreading up. The benchmark will continue its bearish market should it cut through 4325.56, with 4240.82 as an objective, and 4260.56 as a primary objective. The benchmark will head towards 4465, with 4425 as a primary...
The GbpUsd closed its third consecutive bearish session, managing to close below its 3 months support level. Volatility is still increasing, the bollinger bands are still spreading up. The trend is still bearish unless the cable breaches 1.52050, which will suggest an inversion towards 1.52880, with 1.52336 as an objective. The cable will continue seeking lower...
Oil rejected the pennant, as it has breached 44.85, though the main slope was a bit high. Yesterday's upper failed to cut through its EMAs, which suggest the trend to be bearish. Breaching 44.33 will send Oil south to 40.26, with 42.71 as a primary objective. Only by breaking through its EMAs, Oil would be sent towards 46.21, which breaching will induce a rally...
Yesterday, the EurUsd closed in a doji pattern around the upper end of its major resistance area, which consists of its EMAs, its 1.12239 support level, which was a resistance level a couple days ago, and of its Old trend in Orange. The parity will seek to join its New Blue Bearish Trend, should it breach 1.12812, with 1.13273 as an objective, and 1.12948 as a...
The S&P500 endured a free fall yesterday, hitting lows not seen since August's selloff. Volatility is higher, the benchmark fell out of its bollinger bands suggesting a very bearish trend. The main question remains will it continue seeking lower lows, or will it hold on to its 1869.27 support level? Pursuing the bearish trend will send the benchmark south towards...
The CAC40 ended a long bearish week by a rally towards 4514, after hitting the channel's target. In case of an opening with an bullish gap, the benchmark will have 4580.9 as an objective, with 4549.12 as a primary objective. Opening below 4418 would suggest a bearish movement towards 4358.42. The daily Pivot Point is around 4469.59. The daily support levels are...
The CAC40 ended the session in the red. Cutting through 4337.28 will send the French benchmark south to 4240.82, 4275.78 being the primary objective. Breaching 4390.2 will lead it up towards 4530.05, with 4434.7 as a primary objective. The daily Pivot Point is around 4388.13. The daily support levels are around 4306.19 and 4255.34. The daily resistance levels...
The EurUsd was striving to cut through the Major resistance area, consisting of its EMAs, its 1.12239 resistance level, and its Old trend in Orange. It succeeded in crossing most of the obstacles in this area, and seems to be heading towards its new trend in Blue, which is only possible if it breaches its Old trend in orange. Succeeding in cutting through the...
Oil seems to have rejected the pennant, it cut through 44.85, which will send Oil back to 40.26, with 42.71 as a primary objective. Only by breaking through its EMAs, Oil will be sent towards 46.65, which breaching will induce a rally with 51.54 as an objective. The EMA10 is cutting the EMA20, which suggest the trend to becoming bearish. Volatility was low...
The GbpUsd closed another session in the red. The cable closed in a small doji pattern around its 3 months support level. Volatility is higher, the bollinger bands are still spreading up. The trend is still bearish unless the cable breaches 1.52360, which will suggest an inversion with 1.52880 as an objective. The cable will seek new lower lows, and cut through...
The bearish market was not able to push the S&P500 to settle below 1920.4. The benchmark was trading around 1950 before Speaker M. Boehner's announces his resignation from Congress, which has sent the benchmark back to 1920.4. Opening with a bearish gap would suggest that the bearish market will continues, especially if the benchmark cuts through1920.4, which...
The GBPUSD is trading around its 3 months support level it has tried to break through yesterday. The trend is still bearish with 1.50914 as an objective, and 1.51304 as a primary objective. The cable will have 1.52880 as an objective, with 1.52230 as a primary objective, should an inversion occurs. The daily Pivot Point is around 1.51883. The daily support...