The S&P500 closed in the red after a strong bullish spree. If the benchmark cuts through 1991.62, it will rally towards 2005.48. If it cuts through 1971.99, the benchmark will retreat to 1960.12, with 1966.8 as a primary objective. The daily Pivot Point is around 1981.17. The daily support levels are around 1970.73 and 1961.54. The daily resistance levels are...
The EurUsd is channeling in a descending triangle. The descending triangle consists of its Blue trend line, and its 1.11118 support level in Orange. It has 1.08637 as an objective, and 1.3234 as a rejection level. As for the channel, the parity was consolidating, lately. If the same consolidation persists, a downward movement to 1.11812 may occur, with 1.12075...
Yesterday, the GbpUsd succeeded in crossing its 1.51646 resistance level, which became a support. The cable is currently heading to 1.52880, with 1.52628 as a primary objective. Cutting through 1.51983 will send it back south to 1.51646, with 1.51825 as a primary objective. The daily Pivot Point is around 1.52021. The daily support levels are around 1.51613 and...
Oil is starting to break the consolidation it has been caught into for the past week. The EMAs are converging upward, which means an undergoing uptrend. Cutting through 47.10 will make the breakout scenario more secure, after the long consolidation Oil has been going through. If it happens, Oil will rally to 51.54 the Triangle's objective, with 50.14 as a...
The S&P500 was skyrocketing during the last 2 sessions, smashing all the obstacles on its way. It has erased most of the losses it upheld since the FOMC last month. The benchmark will have to cut through 1993.11 to pursue its rally towards 2005.48, with 1999.77 as a primary objective. Failing to cut through 1993.11 will send it back to 1966.86, with 1977.34 as...
The CAC40 rallied yesterday, after a very bullish gap at the opening. The trend is currently bullish, falling back to a bearish market is only possible if the benchmark breaches its EMA20 and closes yesterday's bullish gap. The daily objective is 4654, which breaching will send it to 4673.96. An eventual correction will send it back to 4518 with 4568.19 as a...
Although the GbpUsd succeeded in reaching 1.52417, it fell back to 1.51646, ending yesterday's session in the red. Volatility is increasing again, as the bollinger bands spreading up, which means a possible visit of 1.50914, should it cut through 1.51369. Breaking out 1.50914, will send the parity to 1.50380. If the bearish movement fails, the parity will have...
Yesterday, the EurUsd failed again to settle above its Major resistance area, which is highlighted on the chart. It fell back below its major resistance area, as soon as it touched the its blue trend line. The Parity is still facing a strong selling pressure around its blue trend line. The EurUsd is currently in an descending triangle, which has 1.08637 as an...
During the last two session, Oil gave the impression that it is willing to end the long compressed consolidation period it has been going through, for more than a week. Last Friday, Oil tried to breach the 44.4 support level, only to fail and close in the green. Volatility is decreasing, so are volumes, the bands of bollinger are tigntening up. The main...
The S&P 500 managed to rally after a disappointing Jobs Reports, erasing half of September's correction. Reaching 1960.75 is the primary objective today should the benchmark breaches 1952.18; Any eventual backlash, caused by the US Jobs reports last Friday, will send the benchmark back to 1920.4, with 1934.09 as a primary objective. The daily Pivot Point is...
Last week, the EurUsd struggled to remain above its Major Resistance Area, which consists of the highlighted Zone. The parity is striving to find its trend line in blue. Volatility is decreasing as the bollinger bands are tightening up. Breaching 1.1254 will send the EurUsd to 1.13095, with 1.12783 as a primary objective. If the Parity fails to maintain a...
The GBPUSD is engaging its uptrend as it has breached its 3 months support level, which became a resistance for a couple of days. The patterns proves that the cable succeeded in shifting to an uptrend after a long bearish streak, which sent it as low as 1.51066. The current objective is 1.52880, with 1.52417 as a primary objective. On the downside, 1.51646 and...
The CAC40 re-visited 4386.1, after false attempts to rally beyond 4518.39, ending the week in hesitation. The French benchmark will have 4584.08 as an objective, should it breach 4518.10. The primary objective in this case will be 4549.12. A bearish gap at the opening, today, will send the benchmark south to 4387.72, with 4421.98 as a primary objective. The...
After week of a compressed consolidation, Oil finally made a considerable movement towards 47.10, only to close in the red, back in the same consolidation area. The main challenge remains breaking out of the consolidation and witnessing the emergence of a trend. Re-visiting 47.10, today, and crossing this level would be promising for a bullish market with 51.54...
The S&P500 tried yesterday to breach 1920.4 level again, closing slightly above it. The current pattern is a hammer with 1869.27 as an objective and 1900 as a primary objective, unless the benchmark breaches 1927.21, which will send the benchmark back towards 1952.18, with 1937.9 as a primary objective. The daily Pivot Point is around 1917.24. The daily support...
The GbpUsd closed yesterday in a doji pattern around 1.50914, while attempting to cross its former 3 months support level around 1.51646, which became a resistance level recently. Volatility is decreasing, bollinger bands are tightening up, which announces the weakening of the bearish movement, and an inversion toward 1.52062, unless the parity breaches 1.51060,...
The EurUsd closed around its major resistance area after being steps away from reaching the 1.11118 support level. It seems that it will try again to cross over its major resistance area after failing last time to close above it and reach its Blue bearish Trend. The major resistance area consists of its 1.12239 resistance level, the parity's EMAs, and 1.12575...
The CAC40 closed in the red, closing yesterday's bullish gap at the opening. The benchmark still has Wednesday's bullish gap to close. It will provide the benchmark with some support. Cutting through 4387.72 will send the benchmark back to 4332.99, with 4367.95 as a primary objective. Breaching 4474.27 will suggest a bullish trend with 4564.27 as an objective,...