The SPX500 is falling, breaking out supports levels easily. Yesterday it has closed in the red, for another session, closing around 2045, which is a critical level, as breaking it out will extend the benchmark's losses. The benchmark is currently heading south towards the 2001.4 level, with 2025 as a primary objective. Only a breakout of 2061 would suggest the...
Oil has closed in the red, giving signals that it is willing to seek lower lows, as it is was being traded in a flag, during the last two days, which breaking out will send it seeking 34.22, with 35.55 as a primary objective. The 38.18 level will be Oil's resistance for today. The rejection of the flag will send it back to re-visiting 40.26, should it breakout...
Gold failed to maintain its bullish stance, today, as selling pressure had the upper hand, ending the session in the red at 1072.27. The commodity is still hesitating, as an opening with a bearish gap, will send the XAUUSD south, back to 1061.04, with 1064.26 as a primary objective, should it breakout 1069.48. Gold will have 1077.14 as a resistance. A breakout...
Gold was hesitating today, as it failed to choose a direction, ending the session between its EMAs. Breaking out 1067.55 will send it seeking 1057.11, with 1062.95 as a primary objective. Breaking out 1078.98, will send it seeking 1086.61. The daily Pivot Point is around 1073.63. The daily support levels are around 1068.28 and 1062.20. The daily resistance...
The GBPUSD closed in the red yesterday, around 1.50380. The 1.50380 level is critical one, as breaking it out will result in a re-visiting of 1.49595, with 1.5007 as a primary objective. Only a breakout of 1.5091 will reject the bearish movement, and send the cable back seeking 1.51411. The daily Pivot Point is around 1.50711. The daily support levels are around...
The EurUsd failed to continue its bullish trend, after it has reached 1.09909 last Thursday. The current trend is bearish, with 1.06945 as an objective, and 1.07754 as a primary objective. The breakout of 1.08898 will reject the movement and send the parity back to around 1.09909, with 1.09377 as a primary objective. The main danger of the current position is...
Oil finished in the red after the meeting of OPEC, as they didn't agree about any reduction of the production. Oil is currently around 40.26, which it has broken out last Friday, but couldn't go beyond 39.6. Oil's objective remains 38.18, with 39.31 as a primary objective, should the bearish market continue. Oil will have 40.26 as a resistance. The trend remains...
The S&P500 has broken out its ascending channel, it has been caught up into since October. It has flirted with the 2045 support level, which breaking out will send it towards 2021. Any eventual inversion will send it back towards 2074, with 2065.9 as a primary objective. The daily Pivot Point is around 2064.3. The daily support levels are around 2032.1 and...
The S&P500 rallied after the publication of the NFP report, erasing all of Thursday's losses. It is currently heading back to 2100.81, with 2127.02 as an objective. The 2079.84 level will be a support level for the benchmark, which may be re-visited, should the bullish market end. The daily Pivot Point is around 2078.92. The daily support levels are around 2064...
The CAC40 halted its fall after Last Friday's NFP report. The French benchmark flirted with 4673.98 level, before bouncing back and closing in a neutral doji. A breakout of 4740.47 will send the CAC40 back towards 4783.38. Any bearish movement, resulting from yesterday's election in France, would send the benchmark seeking 4673.98, again, which breaking out will...
The CAC40 halted its fall after Last Friday's NFP report. The French benchmark flirted with 4673.98 level, before bouncing back and closing in a neutral doji. A breakout of 4740.47 will send the CAC40 back towards 4783.38. Any bearish movement, resulting from yesterday's election in France, would send the benchmark seeking 4673.98, again, which breaking out will...
The bullish market continued as it has lifted Gold back beyond 1083.75, which is a critical level, the next objective would be 1097.65, should Gold remains bullish. Failing to maintain the bullish stance will send it visiting 1078.48, which breaking out will send it seeking lower lows, around 1062.95 again. The daily Pivot Point is around 1077.87. The daily...
Ahead of Jobs Day, Gold managed to re-visit 1062.95, after reaching 1046.23. The Breakout of 1062.95 will send it towards 1074.73, with 1068.58 as a primary objective. Failing to maintain its bullish stance, will send Gold south, back towards 1039.91, with 1050.97 as a primary objective. The daily Pivot Point 1057.84. The daily support levels are 1050.32 and...
The GBPUSD skyrocketed after the meeting of the ECB. It closed yesterday around its EMA20, which breaking out will send it trying to find its Trend line in blue, with 1.52409 as an objective, and 1.51896 as a primary objective. The failure of the bullish movement, will send it back to 1.50914, which breaking out will send it seeking 1.50380. The daily Pivot...
Gold closed in the red, yesterday, as it has reached 1050.55. The pursuit of the bearish movement will send it lower towards 1039.91, with 1046.05 as a primary objective. It will have 1057.52 as a resistance. Failing to continue the bearish movement will send it re-visiting 1062.95, should it breakout 1057.52. The daily Pivot Point is around 1068.97. The daily...
Oil is still stuck in a bearish market, although channeling its way down ahead of the OPEC meeting. The breakout of the 41.17 will send it south, back to 39.93, with 40.26 as a primary objective. The breakout of 42.23 will send it induce an inversion, sending Oil back towards 43.3, with 42.55. The main sentiment remains that the OPEC meeting won't result in a...
The Cac40 closed in the green, ahead of the ECB's meeting. The French index succeeded in closing above 4936.87, which is a good omen for the bulls, as breaking out 4936.87 will open the way to 5048.56, with 5004,8 as a primary objective. The trend remains bullish as long as the benchmark has its EMA20 as a support, which breaking out will send it seeking...
Gold found support around 1052.6, where it bounced back to re-visit 1062.95, which it has just broken out a day ago. It is currently visiting its EMA10, where it will find some resistance. Breaking out its EMA10 will send it seeking 1083.75, with 1078.42 as a primary objective. The daily Pivot Point is around 1069.4. The daily support levels are around 1064.28...