- Prices have been trading upwards since the end of October 2023, the market is therefore in a medium-term bullish trend.
- Very recently, and since the establishment of a new all-time high below 7,655.0pts, the market has retraced towards its double support at 7,400.0pts. Prices are now trading below the two 13- and 21-period exponential moving averages, which...
- The market has been registering higher tops and bottoms since mid-October 2023, so the long-term trend is bullish.
- More recently, the market entered into a sideways consolidation between $2,400 and $2,180 in which it evolved for a few weeks.
However, prices are currently challenging the upper limit of their trading range at $2,400, for the fourth time, after...
- The market has been trading within a bullish channel since the end of October 2023. The medium-term trend is therefore bullish.
- However, since the start of 2024 and the establishment of a wave 5 below 0.6368, the market has registered a significant sell-off leading prices to a triple support represented by the lower bound of the bullish channel, the overlap...
- Prices have been trading sideways, between $25,600 and $20,655 since April 2023, the long-term trend is therefore neutral.
- Recently, the market experienced a new rejection below its upper limit at 25,580, leading prices to a break-out of their bullish trend line (blue dotted lines) which had supported sentiment since the last rebound recorded in October...
- The market is moving sideways, with no new lows or highs since summer 2023.
The long-term trend remains neutral.
- In the shorter term, the market is locked in a trading range (orange) of around 1600 points, framing prices between 32,230.0pts and 33,855.0pts.
At the beginning of December 2023, after hitting the lower limit of its trading range, the market...
- The market registers higher peaks and bottoms, trading within a bullish channel since the end of October 2023, the medium-term trend is therefore bullish.
- Very recently, prices recorded a 4th impact on their bullish trendline, following a sell-off since the failure below the $397.40 area.
A strong positive reaction is currently recorded in the shape of a...
- The market has been registering lower highs and lows since mid-November 2023, the medium-term trend is therefore bearish.
- Since the beginning of December, the market has consolidated within a symmetrical triangle chart pattern. The two 55 and 89 periods moving averages remain in a bearish configuration and the MACD indicator continues to evolve inside the...
- The market has been registering higher highs and lows since the end of October 2023, the medium-term trend is therefore bullish.
- More recently, the market entered into consolidation inside a symmetrical triangle continuation pattern between $44,500.0 and $41,200.0.
This consolidation caused the suspension of the end-of-year rally, confirmed by the breakdown...
- The market is trading above a bullish trend line, registering higher and higher highs and lows since the end of 2022, the long-term trend is therefore bullish.
- During the 4th quarter of 2023, prices experienced an impact on their bullish trend line just above 14,000.0pts, marking the end of a nearly 3-month long consolidation.
The sharp rebound that followed...
- The market has been trading inside a bearish wedge since the end of September 2023, registering lower highs and lows. The medium-term trend is therefore bearish.
- In the shorter term, prices have registered a sharp rebound since their impact on their annual low around $68. This rebound led the market the upper limit of its wedge, below the 23.6% Fibonacci,...
- The market has been trading within a lateral channel since the end of 2022, the long-term trend is therefore neutral.
- Since the start of Q4 2023, prices have registered a rebound above the lower bound of their trading range, at 1.0440. This move, led by the weakness of the US Dollar due to the expected change in monetary policy in the United States, led the...
European shares traded sideways on Wednesday as investors held their breath ahead of the last FOMC meeting of the year.
The STOXX-50 index still trades inside its narrow range between 4,5330.0pts and 4,550.0pts, with patchy performances across all sectors. At the same time, investors await further monetary developments following yesterday's US inflation reading...
Brent oil prices fell below $73 per barrel during early Wednesday trading, carrying the momentum of the previous session and increasing losses to more than 10% this month. The price of the barrel has been in decline, weighed on by worries over future demand. This sentiment was exacerbated by yesterday’s release of US inflation figures, which remained above the...
Following a patchy trading session in Asia, European stocks opened mixed on Monday as investors brace themselves for a risky week.
The STOXX-50 index still trades well above the 4,500.0pts mark despite its failure to clear the 4,535.0pts resistance, as gains in healthcare and industrial shares are offset by losses from the consumer non-cyclical, energy and basic...
Gold prices dropped below the $2,000 mark during early Monday trading, falling below that significant level for the first time in over two weeks. The precious metal lost some of its shine as traders’ expectations shifted following the release of US labour data on Friday, which came up better than expected. Bullion prices had been supported by hopes that the...
Stock indices climbed higher in the Eurozone, alongside US futures contracts, as investors brace for the US jobs report.
Risk sentiment is on the rise everywhere in Europe this morning, with consumer cyclicals, industrial, energy and tech shares leading benchmarks higher towards new resistance levels following this morning’s German CPI data that came in line with...
European shares quickly bounced back up after opening lower on Thursday, as market sentiment was shaken overnight by hawkish monetary hints in Japan.
Some investors have been caught by surprise after BoJ Governor Kazuo Ueda hinted towards the end of the negative rates era in Japan, where the sparks of a more hawkish approach had a ripple effect across a wide range...
Gold prices are trading steadily above the $2,000 mark, which is becoming a significant support level. The bullion price is benefiting from growing expectations that the Federal Reserve will soon pivot and start cutting rates. A significant number of observers believe that the first cut may come as early as March 2024, but this is not a majority view yet. The...
