The EurUsd closed yesterday in the red after a long bullish streak. The current pattern suggests a downtrend with 1.12375 as an objective. If breaches 1.13730 it will head to 1.13942. Breaching 1.1284 will lead it back to 1.12375. The parity's daily Pivot Point is around 1.13243. Its daily support levels are around 1.12755 and 1.12353. Its daily resistance levels...
Few days ahead of the Fed's announcement, the S&P500 is on the edge of breaking through the flag formed by the blue trend and the orange trend. An eventual opening above 1961.05, may trigger an up trend towards 1975.98 as a primary objective. Breaking through 1975.98 will settle a bullish trend with 2022.11as an objective. Breaching 1939.19 may trigger the...
The EurUsd finished last week its 6th bullish consecutive session, and is heading towards 1.13941, should the parity pursue its bullish trend. Cutting through 1.12943 will drive it back to 1.12375. The parity was trading around 1.13311 at the opening, above its daily Pivot Point, which is around 1.13133. Its daily support levels are around 1.12772 and 1.12180....
After wrapping up, on a calm note, its first bullish week since the end of August, the GbpUsd opened nearing its 1.5448 resistance level it tested last week. Breaking through 1.54608 will give signs that the bullish market is not over yet. In this case 1.5501 will be the primary objective. Breaching 1.54003 will throw the cable back to 1.53595. The Cable was...
The CAC40 is still ping-ponging around in the tunnel formed by the blue resistance level and the Orange support level. Nonetheless, the triangle shaped figure made of the orange trend line and the blue resistance level, is still valid. The current pattern suggest a downward breakthrough of the triangle. Only a clear cut through 4501 would make such scenario...
Cisco Inc, closed last week in a doji pattern formation. Opening above 26.02 will suggest an uptrend towards 26.75, which it should breach to reach 27.93 again. if it opens below 26.02 and breaches 25.81, it would suggest a downtrend 25.02 as an objective. The weekly Pivot Point is around 26.18. Its weekly support levels are around 25.64 and 25.26. The weekly...
Apple Inc. recovered the losses the triple top figure has inflicted to it in past few weeks. It is currently bouncing back. It needs however to breach the 117.72 level to rejoin its all times highs around the 131 levels. Failing to do so will throw it back to 92.53, with 105.57 as a primary level. The weekly Pivot Point is around 112.73. The weekly support levels...
Google Inc is moving in a Triangle figure. It is actually on the verge of breaking through it in the upward direction. If it succeeds in doing so it will have 672.48 as an objective, with 645.08 as a primary one. Failing to breakthrough it will lead it back to its Orange trend line. If it cut through will lead it to 558.08, the figure's target, with 581.37 as a...
Goldman Sachs tested 189.46 last week, but failed to remain above that level. This level is critical as it suggest an inversion, with 200.10 as an objective, 194.90 being the primary objective. Opening above 185.27, and breaching 191.75 will suggest an uptrend with 194.9 as a primary objective. Opening under 185.27, while cutting through 183.32 will throw back...
After the few weeks of high volatility, that made Wells Fargo & Co break its Bollinger bands, the equity is striving to re-access them as volatility went lower. Currently 54.01 is within the equity's reach. Breaching that level will lead it up to 55.05. Cutting through 51.8, will lead the equity back to its 2 weeks lows, starting 51.21, with 49.94 as a strong...
Verizon Inc. finished this on an indecisive note, as it was unable to fringe the EMA10. Breaching 46.27 will trigger an uptrend with 46.92 as a primary objective and 48.04 as the objective. Failing to do so, will throw it back to 44.69. Verizon Inc.'s weekly Pivot Point is around 45.6746.. Its weekly support levels are 45.08 and 44.43. Its weekly resistance...
You can notice the size of the candle in the last week of August, when the selloff occurred due to headwinds coming from China, leaving the equity with a big bearish gap that should be closed to re-enter a bullish market. The current patterns suggest an uptrend, with 33.52, the gap's top, as an objective. Any drawback will lead the equity back to 31.82. The...
Few months ahead of its 1st year as a publicly traded company, the restaurants chain company is recovering from the bearish market of August, that has led it to test the 41.58 support level. The current pattern is bullish with 60.51 as an objective, 48.07 being the objective of any eventual drawback. The weekly Pivot Point is around 53.29. Its weekly support...
Vivendi S.A., one of the world's leading companies in the media sector, spent last week halting the bearish market it has been through since the mid of July. The current floating pattern suggest that the bearish market may continue towards 23.024, with 23.472 as a primary objective, unless it breaches 24.3405, which would suggest the beginning of an inversion,...
Allergan Inc. finished last week on an indecisive note after a long downfall. Its previous rebound attempt was turned down by the systematic risk triggered by the macroeconomic news. The equity is currently trading near to its July's bearish trend, in blue. Unless the equity breaches 303.73, the bearish market is set to continue, with 280.56 as a primary...
AbbVie Inc. closed last week in a small pattern. Although, general patterns suggest a bearish trend, if the equity closes this week in the green, while breaching 61.52, it would cancel the bearish trend and set a bullish trend with 66 as an objective. Breaching 61.52 will open the way to reaching 62.94, a critical level that may insure the settlement of a new...
Amgen Inc closed in the green last week. Though, the patterns suggest that the trend is still bearish, unless the equity breaches 157.85. If it does so, it will have 163.31 as an objective. If Amgen Inc. cut through 150.56, the equity will remain in a bearish market with 139.67 as an objective, Its primary objective will be 145.96. The equity's weekly Pivot...
Amazon Inc. ended last week in the green. If the equity cut through the 493.43, it will go back to a bearish market with 447.04 as an objective. The primary objective will be, in this case, 475.25. If the equity breaches 531.65, it may pursue its way to its all times high, around 580.57. Amazon Inc.'s weekly Pivot Point is around 522.63. Its weekly support...