AlexandreNygal

AlexandreNygal

Bitcoin, since its creation, is globally gaining in value more than any other comparable asset class. Late 2011, one bitcoin was traded at $3 ; now it's over $2700 which represents a +90 000% performance. What is even more remarkable about this crypto-currency is its price pattern . It is evolving in exponential phases , then consolidates slowly. Four major...

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Gold is inside a mid term downside trend , probably due to the FED monetary policy which is driving USD up. On the chart, is it materialized with the downside trendline (in blue) and the mid and long terms moving averages (MA100 and MA200), still bearish. At the current price level, the buying forces are facing a triple barrier : - the previous top at...

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Oil, and especially WTI, is inscribed inside a downside trend early March. On short term (30 minutes graph), we can notice that the bearish movement isn't interrupted as long as prices remain below 48.41$. Currently, the WTI is testing its previous top at 48.25$. A few elements provide the opportunity to unter short at this price level : - Probable back of the...

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On mid and long terms, the EURUSD pair is evolving inside a bearish trend . Looking at the fundamentals, both FED's policy (more rate hikes to come) and political context in Europe (especially the French presidential elections on late April and early May) are feeding this decline of the euro currency. Technically speaking, the selling forces remain dominants on...

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The AUDUSD pair is inside an upside trend, since June 2016. Higher tops and higher bottoms were defining that trend. Currently, there are the first signs of a potential weakening bullish dynamic : - The pace of the progression is slowing down , as shown by the break of the ascending trendline support. This was the first signal that should have raised our...

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The Dow Jones Industrial Average (DJIA) has made a quick and powerful bounce from 17883 to 18873 points (Thursday). It represents a 5.5% increase in only one week. The victory of Donald Trump has apparently raised the idea that the new policies might spark a stronger economic growth. After that short term progression, we can clearly see that the underlying trend...

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The NZDUSD pair is fluctuating inside both short term and mid term upside trends , with the easily recognizable tops and bottoms that are oriented upside. After a constructed drop in september and early october, NZDUSD has made a bounce at a great support point : - The ascending trendline support that shows the pace of the mid term trend - The 150 days moving...

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The EURJPY pair is in a downside trend since mid 2015 without any interruption. Currently, and this for four months, this pair is consolidating inside a triangle continuation pattern . This period of stabilization does not significantly put in danger the bearish momentum on the EURJPY, as shown by the long term 200 days Moving average which is still very well...

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The US election is taking place as I am writing these lines... As a protection, a lot of investors and traders are willing to add some gold (or silver) to their portfolio, which sounds like a great idea because of the uncertaincy of this very particular event. But on that strategy, you should be careful to the one you are picking, weither you go for long or short...

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The USDJPY pair just made a trend change ; it has been confirmed at the beginning of the week. For the past 12 months, USDJPY was in a fast downside trend, losing approximately 20%. But once it has reached the very strong psychological level of 100Y for 1$, we have noticed a change in the bearish dynamic. After three bounces at this price (now Major support...

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The EU stocks index Eurostoxx 50 (MOY0) has made a nice rise since the Brexit (end June), but the buyers are currently facing some difficulties to go higher. In fact, the european stock market is inside a bearish dynamic since early 2015, as characterized by the downside trendline resistance (blue) and the bearish 200 days moving average. In this case, the...

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The S&P500 is following a bullish trend since many months, which is materialized by ascending top and bottoms, plus an ascending trendline support. Recently, the index is consolidating between 2120 and 2189 (ATH). Now, it has made a bounce at 2120 support. The hammer candle shows the domination of buyers at this price on the US stock market, probably for at least...

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The S&P 500 has just broken its support area at 2119 points ; before that, we would have expected a bounce because that area prevented two bearish attemps. On a break out of a support like that, we usually search an opportunity to enter short. But here is the problem : - The previous peak (2154.80 points) seems too far to put a stop above it. The first obstacle...

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The EURUSD pair was inside a downside trend (mid term, confirmed in daily charts). But on that general movement, we can notice on the 4h chart a bullish reversal construction taking place from the bounce at 1.08805 (Major support). The low and tops are getting higher, which is the basic definition of an upside trend. This change of dynamic in short term is...

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Exxon Mobil, major oil company, has just published its quarterly results. Its profits went down (2.7b$ vs 4.2b$ the previous year). Its cost reduction has not compensated the lower margins due falling oil prices. Due to this, the stock has opened today with a bearish gap and has drawn a shadow at 85.50$ which is the lower bound of the flag. Technically, we can...

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The french blue chip Total (FP, 111b € of Market Cap), from the oil industry, is inside a bearish dynamic since June 2014. This is characterized by lower tops and lower bottoms. Currently, the buyers seemed to have taken back the advantage, but the Major resistance area at 45.00€ is still preventing the stock from going higher . As long as this level is not...

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MSFT has passed its consolidation rectangle (blue) with a big gap, that is a sign of a strong buying trend. After that big jump, it is normal to see a breath on the stock. The first support is at 59.40 (upper bound of the gap). You can initiate a long position at 60.10$ approximately on Microsoft. Better to wait a bounce at 59.40$ for safety (confirmation) ...

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The VIX, also known as the fear index, is calculated from the price of options, in other words the cost of insurance against shifts in the market. When investors are willing to pay more to protect themselves, it means they are worried about the near future. Currently, and since a few months now, the evolution of VIX can be described on the following two points...