Oil is still stuck around its EMAs, unable to close above them, which would have announced a rally to the top of the Pennant. Instead, it is still showing big signs of rejection, as cutting through 44.85, will send Oil south towards 40.26, with 42.71 as a primary objective. Only by crossing over its EMAs will send Oil towards the blue Trend line, which means to...
The S&P500 has been stuck in a bear market since the FOMC meeting last week. Yesterday, it was seeking new lower lows, but was faced by buying pressures, preventing it from settling down under 1920.4. The current pattern suggests that an inversion may occur, on a daily scale, should the benchmark opens today, above 1937.17. The objective, in this case, will be...
The channel's targets are achieved, leaving the CAC40 around its 4240.82 support level it has reached last month. The current trend remains bearish with 4240.82 as an objective. Volatility is rising, the bollinger bands are widening up, and the candles are getting outside of the bands. If the bearish market continues, 4278.96 will be the primary objective. If an...
Yesterday's doji pattern came after a long bearish streak, calming the sharp bearish trend the GbpUsd is enduring. Should the cable breach 1.52010, it will head south to 1.50914 as objective, and 1.51646 as a primary objective, which is the Parity's 3 months support levels. Breaching 1.52880, will send the cable back towards 1.53595, 1.53224 being the primary...
Yestarday's rally seemed to be a fake hope for the bulls, as the EurUsd failed to close above its EMAs, and its Old trend, drawn in Orange. The Major resistance consists of its EMAs, its 1.12239 resistance level, and its Orange trend line. Unless the major resistance is clearly cut, the current movement suggests the past couple of days to be the triangle's...
Oil attempted to reject the Pennant yestarday, but withdrew to around its EMAs, which it has failed to breach. Breaching its EMAs will send it back to the upper side of the Pennant, with 46.27 as an objective. Failing to cut through its EMAs, will prove that the rejection scenario is valid, and will send Oil south to 40.26, with 42.71 as a primary objective. ...
The S&P500 was consolidating yesterday. The current pattern suggests that breaching 1949.52 will send the benchmark back to 1957.89. Breaching 1932.57 will send the benchmark back to 1920.4. The daily Pivot Point is around 1948.00. The daily support levels are around 1931.02 and 1923.29. The daily resistance levels 1948 and 1957.25.
The CAC40 breached the channel and have almost achieved its objective around 4387.72. It closed yesterday in a doji pattern. The French benchmark will have 4501.44 as an objective, should it open tomorrow above 4432.83. It will have 4304 as an objective, with 4387.72 as a primary objective, should it opens below 4432.83. The daily Pivot Point is around 4440.5....
The GbpUsd closed its fourth consecutive session in the red. It is currently heading towards its 3 months support level around 1.51646. The last time it hit that level it bounced back, and rallied beyond 1.55843. Breaking through 1.52636 will suggest an upward movement towards 1.52880. Breaching 1.52283 will send it back to its 3 months support level around...
The EurUsd found support around 1.1118, erasing yesterday's losses. If the trend remains bullish it will have 1.12239 as an objective, where the parity will face a major resistance area, which consists of its EMAs, and its old trend it has breached two days ago. Failing to pursue the upward movement, will send the parity back to 1.1118, especially if 1.1153 is...
Crude failed to breach the top of the pennant today, and went south back to the Orange Trend line. Low volumes were a clear sign that Oil won't breakout the Pennant. Breaching the Orange trend line will lead to the rejection of the pennant, with 40.26 as an objective, and 42.71 as a primary objective. The commodity will find resistance around its EMAs....
The S&P500 is pursuing its bearish trend breaching 1952.18. The current pattern suggest a pursuit of the downtrend to 1911.38, with 1920.4 as a primary objective, the shooting star's objective. The benchmark will have 1958.27 as a critical resistance, which fringing will send it back towards the 1975.97. The daily Pivot Point is around 1944.45. The daily support...
The trend of the EurUsd is still bearish, no signs of any inversion on a daily scale. The EurUsd selloff those last three days erased all the gains of September's rally. The triangle's objective ends around 1.10248. Today's primary objective is around 1.10719. Should any inversion occurs, it will have 1.11536 as an objective. The daily Pivot Point is around...
The GbpUsd closed today after a freefall that sent it back to 1.53505. The pursuit of the movement will lead to 1.52880. Any inversion on a daily basis will have 1.54034 as a primary objective. The Cable's daily Pivot Point is around 1.54101. The daily support levels are around 1.52921, and 1.52230. The daily resistance levels are around 1.54792, and 1.55972.
The Cac40 reached 4486.6 breaching the 4501 level it has been testing since the beginning of the month which constitutes the Channel's southern side. The breach may lead it to 4387.72, with 4447.42 as a primary objective. Only a clear close above 4501, around 4533.2, would suggest a reintegration of the channel. The French benchmark may find resistance around...
Crude Oil ended another day consolidating in the pennant formed by the Blue trend line and the Orange trend line. Crude's found buying pressure around its EMAs, closing near its blue trend line. Opening above 46.94 wouldl accelerate the breakout scenario. Opening below 46.57 would suggest a movement towards the Orange trend, and a re-test of its EMAs. If a...
The S&P500 slid for the last two session erasing most of last week's rally. The current patterns confirm Thursday's shooting star, suggesting the benchmark to be in a bearish market, which may send it back to 1920.4. The benchmark closed on Friday, while trading around 1952.18. The benchmark will reject the ascending triangle figure. should it breach 1952.18, and...
The Crude is currently in a pennant, with 51.54 as an objective, and 50.14 as a primary objective. It was trading near its low border with a valid evening star. Should the pattern lead to a breakout through the orange trend line, the pennant will be rejected, and the Crude Oil will enter a bearish market with 40.26 as an objective, and 42.71 as a primary...