ACTIV8X

ACTIV8X

An increase in volumes is expected as the US markets will reopen after a long 3 days weekend due to Labor Day. The French benchmark showed indecisiveness yesterday as it is moving in a Tunnel ranged from 4501 to 4673.96. The first represents the invalidation level of the triangle figure and the second is the critical resistance it has failed to breakthrough. The...

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The cable shunned further trailing, closing in the green for the first time in two weeks. The low volumes due to US's Labor day helped in thwarting the GbpUsd's free fall. The patterns suggest that the cable should close above 1.5269, so an inversion would be taken in consideration, while breaching 1.5302. An inversion will lead it back to 1.53595. Failing to do...

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On a daily scale the EurUsd is still unable to breach its EMAs, though it has managed to close in the green yesterday. The main picture remains the same: a triangle figure, which may be doing its signal before an upcoming slide, unless the critical 1.11955 resistance is breached and the parity rallies across 1.12375, the invalidation level of the figure. The...

ACTIV8X

The cable is falling, it has been 2 weeks now. The volatility is still high: the bands of bollingers are still widening. Although on Friday, the GBPUSD hit its 3 months low, it is still not showing any relevant signs of bouncing in any other direction but downward. The trend is sharply bearish, the daily Pivot Point is around 1.5203. The GBPUSD started the week...

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The EurUsd started the week with an opening gap suggesting a beginning of a rally. Nonetheless, many obstacles would calm the parity's momentum, as the blue trend line, the orange trend line, and its EMAs will be challenging resistances. The triangle figure is still valid until the EurUsd breaks through 1.12375, at least. If it does so, it suggest an inversion of...

ACTIV8X

Unless the EURUSD maintains its bullish momentum, the parity is still poised to to head toward 1.0990. Keeping its upward struggle will lead the way towards 1.11823. The current major trend is still bearish, and the EURUSD may be very well taking a breath before another series of slides, with 1.11201 as a primary objective. The EMAs and the bollinger middle band...

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Ahead of the US jobs report, the CAC 40 is heading toward testing the 4543 support level. Only a move above 4579 would cancel the fall, giving the benchmark hope in re-gaining the 4589-4608 range.

ACTIV8X

The current pattern formed by the benchmark yesterday shows the hesitation of the market ahead of the US Jobs report. The daily Pivot Point of the benchmark is around 1956.95. If it opens above that level it suggests a bullish trend. The daily support levels would be 1938.89 , 1926.66 and 1908.6. The daily resistance levels would be 1969.18 and 1987.24. The...

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The French benchmark managed to close the gap formed on the opening of the 1st of September, which was threatening to throw the benchmark into the bearish market, after a fresh bullish market started to settle down. Headwinds from China as well as today's US jobs report will be decisive for the benchmark. It is currently hovering in a triangle shaped figure,...

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The volatility on the cable is sill high, the bollinger bands are spreading more and more, and the parity is 1.51breaking supports after supports its been a long time. The parity opened around 1.52539, while its daily Pivot Point is around 1.52617, and its 3 days PP is around 1.5328, showing clearly that the trend is still bearish. The cable will have 1.52113,...

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The parity broke its EMA 20 showing another signal that the trend is still bearish, unless some technical correction occurs. The daily Pivot Point is around 1.11501, and the 3 days PP is around 1.1242. The parity opened at 1.11209 below its daily PP, which suggest a bearish market ahead today, with 1.1058 and 1.0994 as supports. The parity will have 1.12141 as...

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After a rough period of high volatility, as the bollinger bands prove it, the French benchmark manage to uphold a technical correction, which has reduced the losses it was inflicted last in the past two weeks. The pattern shows the formation of the 3 stars formation, validated by the gap preceding the red doji of the 1st of September. It is a bearish figure,...

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With volatility skyrocketing lately, the S&P 500 lost most of its year to date gains. It has managed though to recover over the last few days. Currently the main trend is still bearish, though a new bullish trend has started to settle down a week ago. Fibonacci suggests that the benchmark would face resistance around 1970.9, a critical level that will lead to the...

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Volatility has been high lately on the GBPUSD, leading to a persistence of the bearish market with continuous new lows. The parity is currently nestling around the edge of its lower Bollinger Band. The previous doji is a neutral one suggesting a continuous hesitation on the market. If the GBPUSD break through yesterday's high, which is 1.53248, it may cancel any...

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The long trend of august propelled the EurUsd back to the 1.17 levels. Its failure to maintain its momentum drove the currency back into a bearish market. The Patterns of the 24th and the 25th of August show clearly the change in the direction of the trend. The doji of the 31st of August showed that their is not enough momentum to enable the settlement of an upper...